Recently Funded Hard Money loan in Stanton $150,000

Property / Loan Information
Property Type Commercial Building – Retail Center
Lien Position 2nd TD
Loan Amount $150,000
Appraised Value $1,475,000
Occup Non-Owner Occ.
Lender Rate 10.50%
CLTV on Appraised Value 47.46%
Loan Type Business Purpose Cash Out
Amortization Interest Only Due in 36 mos.
Guaranteed Int. 6 Months







617 credit score borrower sought a business purpose cash out loan to invest making improvements and repairs to the subject property.

Subject Property is a 7,970-sq. ft. commercial retail center located in the heart of the Stanton. The building offers a large retail area, several offices, conference room, kitchenette, bull pen area, 6 restrooms and a warehouse area.

Mortgage Vintage, Inc. was able to fund this hard money loan in Stanton, CA, within 3 business days from receiving the signed Term Sheet.