| Property / Loan Information | |
| Property Type | SFR & Land |
| Lien Position | 1st TD |
| Loan Amount | $1,000,000 |
| Appraised Value | $2,100,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.99% |
| LTV on Appraised Value | 60.00% |
| Loan Type | Business Purpose Cash Out |
| Amortization | 40 Year amort/due in 3 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
645 Mid FICO and Real Estate Investor looking for a business purpose cash-out on this luxury rental property and vacant land to expand on a currently owned assisted living facility. Subject Property #1 is a beautiful 4,893 s.f. home in the secluded and gated community of Marshall Canyon Estates in La Verne. The Property features central A/C, remodeled kitchen (granite countertops, cabinets and stainless steel appliances) and updated bathrooms. Subject Property #2 is a SFR entitled 0.63 acre vacant lot with golf course views. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.