Recently Funded Hard Money Loan in San Gabriel, CA for $180,000

Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $180,000
Est. 1st TD $756,000
Occup Owner Occ.
Lender Rate 11.00%
CLTV on BPO Value 60.39%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 36 mos.
Guaranteed Int. 6 months

 

 

 

Loan Scenario:

Self-employed Borrower seeking a business purpose cash-out to make improvements to the subject property. 

Subject is a 2-story, 3,095 S.F. 5bed/5bath SFR located in a suburban area of San Gabriel, CA, situated on a 0.20-acre lot (9,046 S.F.).  Subject features a fireplace, pool, granite counter-tops, wood-tile-carpet flooring throughout, attached 3 car garage and an appealing exterior presence.  Mortgage Vintage, Inc., was able to fund this hard money loan in San Gabriel, CA, within 3 business days from receiving the signed Term Sheet.

 

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