|Property / Loan Information|
|Property Type||SF Condo|
|Lien Position||2nd TD|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due 60 mos.|
|Guaranteed Int.||6 months|
Self-Employed borrower who owns & operates a theatrical company is seeking a 2nd TD to expand his business & increase working capital. Subject is an SFR measuring 1,394 s.f. of gross living area situated on a 7,398 s.f. lot. Subject is in average condition; interior has minor deferred maintenance. Subject features a living room w/dining area, kitchen & breakfast area, & a den w/a fireplace. Mortgage Vintage, Inc. was able to fund this hard money loan in Van Nuys, CA, within 3 business days from receiving the signed Term Sheet.