| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $129,000 |
| BPO Valuation | $215,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.50% |
| LTV on Est. Valuation | 70.00% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | 30 Year amort/due in 2 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
Real Estate Investor looking for a cash-out to fix and upgrade investment property. Subject Property is a 4 bed, 3 baths SFR located at the end of a cul de sac. Property is sitting on a large 9,583 sq. ft. lot with granite counter top kitchen, has fireplace and new paint with attached 3 car garage with fenced backyard. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.