Recently Funded Hard Money Loan in Los Angeles for $680,000

Property / Loan Information
Property Type Single Family Residence
Lien Position 1st TD
Loan Amount $680,000
Broker Price Opin. $1,500,000
Occup Non-Owner Occ.
Lender Rate 7.75%
LTV on BPO 45.33%
Loan Type  Consumer Purp.  Cash-Out
Amortization Interest Only Due in 6 mos.
Guaranteed Int. 6 months




Loan Scenario:

Borrower has owned this non-owner occupied home for a very long time and has good credit scores.  Using cash out to care for elderly mother.

Subject is a traditional, 3 bdrm/2ba Single Family Residence located in Los Angeles.  The Property measures 1,551 sf of gross living area, and is situated on a 7,988-sf lot.  Property resides in an established neighborhood within proximity of UCLA.

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