| Property / Loan Information | |
| Property Type | Comm/Industrial |
| Lien Position | 1st TD |
| Loan Amount | $1,267,500 |
| Appraised Value | $1.956Mil |
| Occup | Non-Owner Occ. |
| Lender Rate | 9.25% |
| LTV on Appraised Value | 64.18% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor/Borrower purchased this Industrial building for investment purposes. Subject Property is owner user operating as an import/export car business on a stand-alone building. Borrower brought in over $700k of own cash into this investment. The subject property is a commercial/warehouse building totaling 12,000 S.F. of gross building area situated on a 31,576 S.F. commercial-zoned site. Subject was originally constructed in 1959 and has been adequately maintained. Mortgage Vintage, Inc. was able to fund the hard money loan in Gardena, CA within 3 business days from receiving the signed Term Sheet.