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|Property / Loan Information|
|Lien Position||2nd TD|
|CLTV on Est. Valuation||55.26%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||40 Year amort/due in 5 years|
|Guaranteed Interest||6 months|
Owner-Occupant looking for cash-out to make investment in marketing company. Exit strategy is to obtain conventional refinance. Property is a 3bdr, 1 bath SFR on a large lot located in Long Beach with close proximity to the 710 and 405 freeways. Property is carpeted throughout the living room and bedrooms with tiled kitchen flooring. Property has 2 car detached garage with plenty of off street parking. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.