| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $105,000 |
| BPO Value | $175,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.25% |
| LTV on BPO Value | 60.00% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | 40 Year amort/due in 3 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
Real Estate Investor looking for a cash-out to upgrade the subject rental property. Subject Property is a 4 bed, 2 baths SFR sitting on a large 7,500 sq. ft. lot conveniently located close to the 15 FWY. Property is carpeted throughout with granite countertop kitchen, fireplace and swimming pool. Property is currently providing rental income of $850/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.