| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $397,800 |
| Appraised Value | $612,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.25% |
| LTV on Appraised Value | 65.00% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | 30 Year amort/due in 12 mos |
| Guaranteed Interest | 3 months |
Loan Scenario:
722 Mid FICO and Real Estate Investor looking for a cash-out to purchase additional investment properties. Borrower closed the all cash purchase on the subject SFR 2 weeks ago. Subject Property is a 4 bed, 2 baths SFR sitting on a large 7,841 sq. ft. lot close to the 5 FWY with ocean views and walking distance to the beach. Property is located in a prime location of the Shorecliff. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.