Recently Funded Hard Money Loan in Riverside, CA $107,500

Property / Loan Information
Property Type Single Family Residence
Lien Position  2nd TD
Loan Amount $107,500
Broker Opinion $450,000
Occup Owner Occ.
Lender Rate 10.25%
LTV on BPO Value 65.00%
Loan Type Business Purpose Cash Out
Amortization Interest Only Due in 36 mos.
Guaranteed Int. 6 months

 

 

 

Loan Scenario:

Borrower was seeking this Business Purpose Cash Out loan in Riverside to invest in his growing consulting business.

Subject is a 2 story SFR with 4 bedrooms, 2.5 bathrooms.  Property is located in Riverside, CA conveniently located near shops and entertainment.  The property measures 2,792 sf on a 7,405 sf lot.  The Property features a nice backyard with a pool.

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