Moorpark, CA
Download recent-transaction-312500-business-purpose-cash-out-refinancne-loan-funded-moorpark-ca
| Property / Loan Information | |
| Property Type | Modular Home + Land |
| Lien Position | 1st TD |
| Loan Amount | $312,500 |
| Broker Price Opinion | $1Mil |
| Occup | Non-Owner Occ. |
| Lender Rate | 8.00% |
| LTV on BPO | 30.20% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
736 Mid FICO Self-employed Borrowers was seeking a business purpose investment cash-out refinance to make pay off existing first lien. Subject is a recently remodeled 1-story, 2,100 S.F. of gross living, 2bed/2bath Residential Modular Home with an addition and 15 acres of land with a large metal quonset hut design storage barn on the property with views of Moorpark, agricultural groves, mountains, and the Reagan Library.
Mortgage Vintage, Inc. was able to fund this hard money loan in Moorpark, CA within 3 business days from receiving the signed Term Sheet.