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|Property / Loan Information
|LTV on Appraised Value
|Business Purpose Cash-Out Refi
|40 Year amort/due in 3 years
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.