Rancho Palos Verdes, CA
Download Recent Transaction – $185,000 Business Purpose Cash-Out, Rancho Palos Verdes CA
| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 2nd TD |
| Loan Amount | $185,000 |
| BPO Value | $1,350,000 |
| Occup | Owner Occ. |
| Lender Rate | 9.50% |
| CLTV on BPO | 35.62% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 24 mos. |
| Guaranteed Int. | 6 Months |
Borrower is a self-employed realtor of 30 years seeking a business purchase cash out to expand his antique selling business.
Subject is a 2 story, 4 bdrm/3 bath Single Family Residence located in Rancho Palos Verdes. The Property measures 2,476 sf of gross living area, and is situated on a .26 acre lot.
Mortgage Vintage, Inc. was able to fund this hard money loan in Rancho Palos Verdes, CA, within 3 business days from receiving the signed Term Sheet.