Placentia, CA

hard money loan in Placentia

placentia map

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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$480,000
Estimated Value$780,000
OccupOwner Occ.
Interest Rate10.25%
LTV on Est. Value61.54%
Loan TypeBusiness Purpose Cash-Out
Amortization40 Year amort/due in 3 years
Guaranteed Interest6 months

Loan Scenario:

682 Mid FICO Real Estate Investor and Rehabber looking for a cash-out on a free and clear SFR to purchase additional investment properties. Subject Property is a 5 bed, 3 baths 3,400 sq. ft. SFR located on a cul-de-sac in the Sequoia Woods neighborhood of Placentia.  Property features large expansive living room with vaulted wood beam ceilings, fireplace, breakfast bar, swimming pool/spa and tropical back yard. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.