N. Hollywood, CA
Download Recent Transaction – $115,000 Business Purpose Cash-Out – N. Hollywood, CA
| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 2nd TD |
| Loan Amount | $115,000 |
| Appraised Value | $670,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 10.00% |
| CLTV on Appr. | 63.58% |
| Loan Type | Business Purp. Cash-Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Borrower was a long-time owner of the property, and was seeking a business purpose cash out to make improvements to the property and eventually increase rental rates.
Subject property is a 1 story 4 bdrm/3 ba single family residence located in North Hollywood. The Property measures 1,823 of gross living area which includes the permitted accessory unit. Property has been improved with a remodeled kitchen and baths and is good condition. Property neighborhood is experiencing increasing property values.
Mortgage Vintage, Inc. was able to fund this hard money loan in N. Hollywood, CA within 3 business days.