Recent Transaction in Berkeley: $575,000 2nd TD, 64.45% CLTV, Cash-Out, 11.00% Lender Rate

Successful, existing Mortgage Vintage Inc. borrower and construction business owner sought a 2nd TD business purpose cash out loan on this owner occupied SFR front unit + brand new ADU back unit rental in Berkeley, Alameda County, CA. The funds from this loan will be used to pay off an existing, current Business Purpose 2nd…