| Property / Loan Information | |
| Property Type | Commercial Building – Retail Center |
| Lien Position | 2nd TD |
| Loan Amount | $150,000 |
| Appraised Value | $1,475,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 10.50% |
| CLTV on Appraised Value | 47.46% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 Months |
617 credit score borrower sought a business purpose cash out loan to invest making improvements and repairs to the subject property.
Subject Property is a 7,970-sq. ft. commercial retail center located in the heart of the Stanton. The building offers a large retail area, several offices, conference room, kitchenette, bull pen area, 6 restrooms and a warehouse area.
Mortgage Vintage, Inc. was able to fund this hard money loan in Stanton, CA, within 3 business days from receiving the signed Term Sheet.