Irvine, CA
Download Recent Transaction – $246,100 Business Purpose Cash-Out Loan Irvine, CA
Property / Loan Information | |
Property Type | Single Family Residence |
Lien Position | 2nd TD |
Loan Amount | $246,100 |
Broker Price Opinion | $1.234Mil |
Occup | Owner Occ. |
Lender Rate | 9.50% |
CLTV on BPO | 65.00% |
Loan Type | Business Purpose Cash Out |
Amortization | Interest Only Due in 24 mos. |
Guaranteed Int. | 5 months |
Loan Scenario:
Self-employed Borrower was seeking a business purpose investment cash-out refinance to invest in Borrower’s technology business and payoff existing two existing liens. Subject is a 2-story, 5 bdrm/3ba SFR, 3,200 S.F., situated on a .0955 acre lot in Irvine, CA . Property is located in very close proximity to UC Irvine, University Town Center, Turtle Rock, John Wayne Airport, parks and shopping mall. Property features a large backyard and large patio.
Mortgage Vintage, Inc. was able to fund this hard money loan in Irvine, CA within 3 business days from receiving the signed Term Sheet.