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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Est. Value||61.54%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||40 Year amort/due in 3 years|
|Guaranteed Interest||6 months|
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.