Recently Funded Purchase in Downey: $340,000 @ 9.75%, 1st TD, 61.00% LTV
Previous and successful Mortgage Vintage borrower sought a 1st TD to purchase this SFR + Land investment property in Downey, Los Angeles County, CA. The borrower intends to develop a rental SFR on this subject property in the future. The borrower is buying the subject property at a discount below the appraised value because borrower…