Recently Funded Hard Money Loan in Corona, CA for $108,000

Property / Loan Information
Property Type Single Family Residence
Lien Position 1st TD
Loan Amount $108,000
Dwelling Replacement Cost $481,000
Occup Non-Owner Occ.
Lender Rate 11.25%
LTV on DRC 22.45%
Loan Type Construction
Amortization Interest Only Due in 24 mos.
Guaranteed Int. 5 months

 

 

 

Loan Scenario:

Borrower seeking a construction loan to finalize the construction.

Subject will be a single family residence with an attached mother in law unit.

Mortgage Vintage, Inc. was able to fund this hard money loan in Corona, CA within 3 business days from receiving the signed Term Sheet.