Redondo Beach, CA
|Property / Loan Information|
|Lien Position||1st TD|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in12 months|
|Guaranteed Interest||3 months|
640 Mid FICO Real Estate Investor looking for a refinance to payoff Reverse Mortgage of deceased Grandfather on Rental property. Subject Property is a 2 bdr, 2 baths 2,390 s.f. SFR located in the North Redondo Beach neighborhood. Property is zoned commercial mixed/use and current residential use is grandfathered in. Recent updates include: new electrical, new flooring, new interior paint, stucco and remodeled kitchen. Mortgage Vintage, Inc. was able to help the borrower avoid foreclosure and fund the loan within 3 business days from receiving the signed Term Sheet.