Cash-Out Refinance Loan Funded – San Clemente

San Clemente, CA
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Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $397,800
Appraised Value $612,000
Occup Non-Owner Occ.
Interest Rate 11.25%
LTV on Appraised Value 65.00%
Loan Type Business Purpose Cash-Out
Amortization 30 Year amort/due in 12 mos
Guaranteed Interest 3 months


Loan Scenario:

722 Mid FICO and Real Estate Investor looking for a cash-out to purchase additional investment properties. Borrower closed the all cash purchase on the subject SFR 2 weeks ago. Subject Property is a 4 bed, 2 baths SFR sitting on a large 7,841 sq. ft. lot close to the 5 FWY with ocean views and walking distance to the beach. Property is located in a prime location of the Shorecliff. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.


Cash-Out Refinance Commercial Loan Funded – San Clemente

San Clemente, CA

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Property / Loan Information
Property Type Commercial Building
Lien Position 1st TD
Loan Amount $650,000
Appraised Value $950,000
Occup Non-Owner Occ.
Interest Rate 11.00%
LTV on Appraised Value 68.42%
Loan Type Business Purpose Cash-Out Refi
Amortization 40 Year amort/due in 3 years
Guaranteed Interest 6 months



Loan Scenario:

Restaurant & Sports Bar Owner looking for a refinance to payoff the seller carryback loan on this oceanfront mixed used commercial building. Subject Property is a 2,228 sq. ft. restaurant/sports bar located in the heart of the North Beach area of San Clemente and walking distance from the beach.  Property is located next to a surf shop, various restaurants, retail stores, multi-family residential buildings and is across from the Ole Hanson historic theater. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.