Download Recent Transaction – $110,000 Business Purpose Cash-Out – Agoura Hills, CA
| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 2nd TD |
| Loan Amount | $110,000 |
| Broker Price Opin | $1,800,000 |
| Occup | Owner Occ. |
| Lender Rate | 10.00% |
| CLTV on ARV | 62.50% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only Due in 24 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Borrowers were highly experienced real estate agents specializing in high end residential estate properties in the Malibu area with several multi-million dollar listings. Borrower were seeking loan to invest in real estate business for a sophisticated marketing campaign on a number of current listings.
Subject was a 2 story, 4 bdrm/4.5 ba Single Family Residence located in Agoura Hills. The Property measured 3,818 sf of gross living area, and was situated on a 71,519 sf lot (the largest lot in the tract). The Property boasted panoramic views, high end landscaping, and pool/spa.
Mortgage Vintage, Inc. was able to fund this hard money loan in Agoura Hills, CA within 3 business days.