| Property / Loan Information | |
| Property Type | Condiminium |
| Lien Position | 2nd TD |
| Loan Amount | $165,000 |
| BPO Value | $625,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 10.0% |
| CLTV on BPO | 63.52% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 24 mos. |
| Guaranteed Int. | 12 Months |
Borrower is an investor seeking a business purpose cash out to purchase an additional revenue producing investment property.
Subject is a condominium located in the heart of El Segundo. Subject overall condition is good. The property measures 1,175 sf of gross living area.
Mortgage Vintage, Inc. was able to fund this hard money loan in El Segundo, CA, within 3 business days from receiving the signed Term Sheet.