| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $280,300 |
| Purchase Price | $350,374 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.50% |
| LTV on Purch. Price | 80.00% |
| Loan Type | Fix and Flip |
| Amortization | 40 Year amort/due in 12 months |
| Guaranteed Interest | 3 months |
Loan Scenario:
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.