Mortgage Origination
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 1 - 3
Inventory 100000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training May be Negoitiable
Reason for Sale Relocating to East Coast
Description Reputable 'C' Corporation mortgage loan originator with a 16 year history of writing FHA, VA and conventional mortgages. Excellent reputation, long term relationships with vendors, local businessess and community. 40% of business consists of repeat clients. Upscale professional turnkey operation, 4,000 sq. ft. +/- one story office suite building housing main office, in addition to two separate rental units producing $2,500 rental income per month. Current rents are $500-$700 below market at the present time. One unit is a month- to- month lease, and one lease expires in February 2005. Rents could be raised or entire space could be utilized for larger operation. Completely furnished with equipment and administrative needs including security system, computers, office furniture and phone system. Located 60 miles from Los Angeles, near Ontario Int. Airport, near Highways 91,60 and Routes 15 and 215.
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