Successful and current Mortgage Vintage borrowers and business owners sought a business purpose cash-out 2nd TD on this beautiful Manhattan Beach SFR. Funds from our new Mortgage Vintage loan will be used to refinance the maturing 2nd mortgage held by Mortgage Vintage and to invest back into borrower’s video production company (Wholly Cow Productions).
The subject property is an SFR located in a prime Manhattan Beach location. It consists of a 3,294 SF tri-level Cape Cod style home with 7 total rooms, 4 BR & 5.5 BA and an attached 2 car garage. The property is walking distance to the beach, strand and the Manhattan Beach Village and Pier. Schools, shopping, dining, recreation and medical facilities are all located nearby. Pacific Coast Highway and the 405 Freeway are just a few minutes drive from the property.
What we like about this Trust Deed opportunity:
- Manhattan Beach location
- Previous successful Mortgage Vintage borrower
- High Credit Scores
- Long-time business owner
- 10.50% annualized return
- 6 months Guaranteed Interest
