Property / Loan Information
Property TypeSingle Family Residence
Lien Position2nd TD
Loan Amount$110,000
Broker Price Opin$1,800,000
OccupOwner Occ.
Lender Rate10.00%
CLTV on ARV62.50%
Loan TypeBusiness Purpose Cash Out
AmortizationInterest 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.