|Property / Loan Information|
|Lien Position||2nd TD|
|Est. Lender Value||$875,000|
|CLTV on Est. Value||65.00%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 24 mos.|
|Guaranteed Int.||6 months|
Real Estate Investor and Self-Employed borrower looking for a 2nd TD business purpose cash-out to expand his current granite marble business in order to purchase new machines to cut and polish granite. The subject property is a 1,770 s.f. SFR on an 8,102 s.f. lot located in a high-demand area in Glendale. Property features 3 bed, 2 baths with wood floorings throughout. Mortgage Vintage, Inc. was able to fund this hard money loan in Glendale, CA within 3 business days from receiving the signed Term Sheet.