|Property / Loan Information|
|Property Type||Commercial Building – Retail Center|
|Lien Position||2nd TD|
|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.