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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purch. Price||80.00%|
|Loan Type||Fix and Flip|
|Amortization||40 Year amort/due in 12 months|
|Guaranteed Interest||3 months|
724 FICO Real Estate Broker, experienced rehab Investor and previous borrower of Mortgage Vintage, Inc. looking to purchase SFR from OCWEN Auction Co. (special servicer) to fix and re-sell. Subject Property is a 3 bdr, 3 baths SFR conveniently located close to schools, parks and the 5 FWY. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.