Real estate investor and previous successful Mortgage Vintage borrower was seeking a cash-out 1st TD to make upgrades to the same subject property and purchase another investment property. Property is a traditional 1-story, 5 bdrm/4ba SFR located in La Quinta, just east of Palm Desert. The Property measures 3,121 sf of gross living area and…
La Quinta, CA Download Recent Transaction – $60,000.00 Business Purpose Cash Out – La Quinta, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $60,000 Broker Price Opinion (BPO) $470,000 Occup Non Owner Occ. Lender Rate 9.00% LTV on Appraisal 12.77% Loan Type Business Purpose Cash Out Amortization Interest Only…
La Quinta, CA recent-transaction-1st-td-business-purpose-cash-out-loan-funded-la-quinta-ca Loan Type Business Purpose Cash-Out Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $211,250 Lender Est. Value $325,000 Occup. Non-Owner Lender Rate 9.25% LTV on Lender Est. Value 65.00% Amortization Interest Only Due in 36 mos. (Balloon) Borrower…
La Quinta, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $302,250 Purchase Price $465,00 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 70.00% Loan Type Rental Purchase Amortization 30 Year amort/due in 12 months Guaranteed Interest 3 months Loan Scenario: Real Estate Investor,…