Recently Funded Hard Money Loan in Dana Point, CA for $500,000

Property / Loan Information
Property Type Single Family Residence
Lien Position  1st TD
Loan Amount $500,000
Broker Opinion $867,140
Occup Non Owner Occ.
Lender Rate 8.25%
LTV on BPO Value 57.66%
Loan Type Business Purpose Purchase
Amortization Interest Only Due in 36 mos.
Guaranteed Int. 6 months

 

 

 

Loan Scenario:

Borrower was seeking this Business Purpose Purchase loan to purchase home in Dana Point to fix up and rent.

Subject is a 1 story SFR with 4 bedrooms, 2 bathrooms.  Property is located in Dana Point, CA within walking distance of great schools.  The property measures 2,175 sf on a 7,504 sf lot.  The Property features a large lot, close to schools and minutes from Dana Point Harbor.

Mortgage Vintage, Inc. was able to fund this hard money loan in Dana, CA, within 3 business days.