Download Recent Transaction – Cash-Out Loan Funded – Perris CA
|Property / Loan Information|
|Lien Position||1st TD|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in12 months|
|Guaranteed Interest||6 months|
Real Estate Investor looking for a bridge loan to fund permits and entitlements for the site. The site has water, power and sewage. The area has recently seen a flurry of large big box distribution center leases and purchases including Home Depot, Lowes and Amazon.com. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.