Huntington Beach, CA
Download Recent Transaction – Business Purpose 2nd TD Cash-Out Loan Funded – Huntington Beach, CA
| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $185,000 |
| AVM Value | $799,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 11.00% |
| LTV on AVM Value | 53.27% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 12 months |
| Guaranteed Interest | 4 months |
Loan Scenario:
Real Estate Investor looking for a cash out 2nd TD on their well-located 3 level rental property in the SeaCliff Estates Development. Loan amount is paying off an existing $135k 2nd TD and the cash-out funds will be used to finance a $50k rehab on the property in preparation for sale. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.