| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $1.15Mil |
| Appraised Value | $3.6Mil |
| Occup | Owner Occ. |
| Interest Rate | 9.50% |
| LTV on Appraised Value | 31.94% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only due in 3 years |
| Guaranteed Interest | 3 months |
Loan Scenario:
627 Mid FICO and Business Owners looking for a business purpose cash-out on this SFR in Los Angeles to payoff Business Purpose 1st TD and to help finance inventory for family interior and jewelry design business. Subject Property is a large 4 bed, 4 baths high end 3,367 s.f. SFR located in Los Angeles (Bel-Air) with Mountain Views. Property is sitting on a large 21,025 s.f. lot in a secluded area with granite countertop upgrades, stylish patio with large pool and Jacuzzi. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.