Carpinteria, CA Download Recent Transaction – Business Purpose Purchase – Carpinteria, CA Property / Loan Information Property Type Condo Lien Position 1st TD Loan Amount $510,000 BPO Value $850,000 Occup Non-Owner Occ. Interest Rate 8.99% LTV on BPO Value 60% Loan Type Business Purpose Purchase Amortization Interest Only Due in 3 years Guaranteed Interest 180 days …
Castaic, CA Download Recent Transaction – Cash-Out Loan Funded – Castaic,CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $305,000 BPO Value $436,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on BPO Value 70% Loan Type Business Purpose Cash Out Amortization 40 yr amort/due in 12 months Guaranteed Interest 3 months…
What does “Stated Income Loan” mean? Hard Money and Non-Prime Lenders offer “Stated Income” loans to fill a gap on situations where conventional loan standards deny the loan. Today’s blog will demystify “Stated Income” and describe what these loans are and are not. Importantly, we will also discuss the opportunities and pitfalls for borrowers…