Recently Funded Hard Money Loan in Yorba Linda for $60,000

 

Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $60,000
BPO Value $375,000
Occup. Non-Owner
Lender Rate 10.50%
CLTV on BPO             58.13%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 24 mos. (Balloon)
Gtd. Interest               6 months

 

Loan Scenario:

Real Estate Investor and Partner who jointly own an Escrow Company looking for a 2nd TD to expand its business.  Subject Property is a 1,252 s.f. residential condo in Yorba Linda, CA, in excellent condition. Subject property is located near shopping, schools, regional parks and the 91 & 241 FWYS.  Mortgage Vintage, Inc., was able to fund this hard money loan in Yorba Linda, CA, w/in 3 business days from receiving the signed Term Sheet.