Done Deal! Hard Money Commercial Loan in San Clemente: $845,000 1st TD, 65.00% LTV, 10.00% Lender Rate

Real estate investor, business owner and current MVI borrower sought a rate and term refinance (no cash-out) of his current business purpose 1st TD on a commercial building in San Clemente in Orange County.  Funds from the loan were used to payoff a Mortgage Vintage 1st TD that was performing and matured on 10/1/19. The…

Cash-Out Refinance Commercial Loan Funded – San Clemente

San Clemente, CA Download Full Summary 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 &…