|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO||65.00%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 12-1-17|
|Guaranteed Int.||8 months|
Current Mortgage Vintage, Inc., borrower looking for a business purpose cash-out loan to payoff existing liens and to finance inventory for family interior and jewelry design business and for their new specialty Vodka business. Subject property is a large 3,367 s.f. SFR on a 21,025 s.f. lot located in the Bel-Air neighborhood of Los Angeles. Mortgage Vintage, Inc., was able to fund this hard money loan in Los Angeles, CA, within 3 business days from receiving the signed Term Sheet.