| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $125,000 |
| Est. Valuation | $2.51Mil |
| Occup | Non-Owner Occ. |
| Interest Rate | 12.75% |
| CLTV on AVM Value | 61.60% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only due in 3 years. |
| Guaranteed Interest | 6 months |
Loan Scenario:
790 Mid FICO Real Estate Investor looking for a business purpose cash-out on this SFR to make real estate investments and provide additional capital for partnership in auto part business. Subject Property is a 3 bed, 2 baths 1,200 s.f. SFR located in Avocado Heights Equestrian area of La Puente, CA. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.