Recently Funded Hard Money Loan in El Segundo $165,000

Property / Loan Information
Property Type Condiminium
Lien Position 2nd TD
Loan Amount $165,000
BPO Value $625,000
Occup Non-Owner Occ.
Lender Rate 10.0%
CLTV on BPO 63.52%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 24 mos.
Guaranteed Int. 12 Months







Borrower is an investor seeking a business purpose cash out to purchase an additional revenue producing investment property.

Subject is a condominium located in the heart of El Segundo. Subject overall condition is good. The property measures 1,175 sf of gross living area.

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