Adelanto, CA

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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$86,700
BPO Valuation$144,500
OccupNon-Owner Occ.
Interest Rate11.25%
LTV on BPO Valuation60.00%
Loan TypeBusiness Purpose Cash-Out
Amortization40 Year amort/due in 3 years
Guaranteed Interest6 months


Loan Scenario:
Real Estate Investor looking for a cash-out on free and clear property to repair and upgrade the subject investment property. Property is a Duplex with 4 bed, 2 baths located near 15 FWY. Property is sitting on a large 7,752 sf lot with granite counter top kitchen, tile flooring and carpeted bedrooms. Borrower plans to replace the roofing and new paint. Property is currently tenant occupied with month rental income of $1,200/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.

Mortgage Vintage, Inc. provides business purpose cash-out refinance loans throughout Southern California