| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $119,000 |
| Purchase Price | $170,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.75% |
| LTV on Purch. Price | 70.00% |
| Loan Type | Fix and Flip |
| Amortization | 40 Year amort/due in 12 mos. |
| Guaranteed Interest | 3 months |
Loan Scenario:
741 Mid Fico Real Estate Investor and Professional Rehabber looking to purchase probate sale property for fix and flip. Subject Property is a 1 bed, 1 bath SFR close to the 5, 710 and 60 FWY. Property has lots of potential for development. Borrower plans to put in $30k to rehab and add extra square footage to the property. After Repair Value is approx. $270k. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.