Chatsworth, CA
chatsworth photo

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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$206,400
Estimated Value$616,000
OccupOwner Occ.
Interest Rate10.99%
LTV on Est. Value33.51%
Loan TypeBusiness Purpose Cash-Out
Amortization40 Year amort/due in 3 years
Guaranteed Interest6 months

Loan Scenario:

757 Mid FICO and retired Jeweler looking for a cash-out to expand the family jewelry business with his Son. Subject Property is a 4 bed, 3 baths SFR sitting on a large 11,052 sq. ft. lot in Chatsworth.  Property features wood flooring throughout with granite countertop kitchen and bathrooms.  Property has spacious living room, family room, swimming pool and Jacuzzi with nice yard and landscape. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.