Los Angeles, CA
Download Recent Transaction – Business Purpose 2nd TD Cash-Out Loan Funded – Los Angeles, CA
| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $600,000 |
| Appraised Value | $3.6Mil |
| Occup | Owner Occ. |
| Lender Rate | 11.75% |
| CLTV on Appraised Value | 48.61% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 18 months |
| Guaranteed Interest | 12 months |
Loan Scenario:
627 Mid FICO Business Owners and current borrower of Mortgage Vintage looking for a business purpose cash-out on this beautiful mountain view SFR in Los Angeles to help finance inventory and growth for family business. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.