| Property / Loan Information | |
| Property Type | SFRs & Duplex |
| Lien Position | 1st TD |
| Loan Amount | $1,386,000 |
| Appraised Value | $2,310,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.75% |
| 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 cash-out on these 5 rental properties to expand on the current assisted living facility. Cash-out being used to purchase a Pharmacy for borrower’s adjacent Assisted Living Facility. All 5 properties are within walking distance of each other. Properties are currently rented for a total of $11,100/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.