Download Recent Transaction – Cash-Out Commercial Loan Funded – Hawthorne, CA
|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Appraised Value||47.57%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 5 years|
|Guaranteed Interest||6 months|
Owner of 35 year old successful packing and crating company is looking for a cash-out to payoff current business 1st lienholder and taxes. Subject Property is a 5,200 s.f. commercial building on a 7,622 s.f. lot located in Hawthorne, CA. Property is currently used for a domestic and international shipping business. Mortgage Vintage, Inc. was able to diligently work through and remove the 15+ lien items with clearance of the Phase I and Phase II Environmental Report to close the loan.