Property / Loan Information
Property TypeLand
Lien Position1st TD
Loan Amount$400,000
Appraised Value$2.6Mil
OccupNon-Owner Occ.
Interest Rate11.00%
LTV on
Loan TypeBusiness Purpose Cash-Out
AmortizationInterest Only Due in12 months
Guaranteed Interest6 months




Loan Scenario:
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 Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.