Current and successful Mortgage Vintage client wanted a business purpose cash out to consolidate the existing 1st and 2nd mortgages and to invest in his business. Borrower has owned the property for several years.Subject is an 8,136 s.f. single story retail multi-tenant center located in the the High Desert. The Property sits on a 15,300 s.f. lot…
Yucca Valley, CA Download Recent Transaction – Cash-Out Commercial Loan Funded – Yucca Valley Property / Loan Information Property Type Commercial Bldg, Retail Lien Position 1st TD Loan Amount $275,000 Est. Value $1,060,000 Occup Non-Owner Occ Note Rate 11% LTV on Est Value 25.94% Loan Type Cash Put Refinance Amortization Interest Only Due in 2 years Guaranteed…
Yucca Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $73,800 BPO Valuation $123,000 Occup Non-Owner Occ. Interest Rate 12.00% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor,…