Calabasas, CA
DownloadRecent Transaction – Business Purpose 2nd TD Cash-Out Loan Funded – Calabasas, CA
| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $116,000 |
| BPO Value | $1.6Mil |
| Occup | Non-Owner Occ. |
| Lender Rate | 11.00% |
| CLTV on BPO Value | 59.50% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in36 mos. |
| Guaranteed Interest | 6 months |
Loan Scenario:
Business owner and Woodland Hills resident looking for cash-out to complete rehab on the subject property. This property is a 3,348 s.f., 4 bdr/4.5 bath house located in Calabasas Park Estates and is located on the main road of this 550 home development. It has a great floor plan: 2 story; 1 bedroom with its own bathroom downstairs, and 3 bedrooms upstairs, each of them with its own bathroom and the Master bedroom has a walk-in closet. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.