|Property / Loan Information|
|Property Type||Single Family Residence|
|Lien Position||2nd TD|
|CLTV on BPO||35.62%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 24 mos.|
|Guaranteed Int.||6 Months|
Borrower is a self-employed realtor of 30 years seeking a business purchase cash out to expand his antique selling business.
Subject is a 2 story, 4 bdrm/3 bath Single Family Residence located in Rancho Palos Verdes. The Property measures 2,476 sf of gross living area, and is situated on a .26 acre lot.
Mortgage Vintage, Inc. was able to fund this hard money loan in Rancho Palos Verdes, CA, within 3 business days from receiving the signed Term Sheet.