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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purch. Price||70.00%|
|Loan Type||Fix and Flip|
|Amortization||40 Year amort/due in 12 mos.|
|Guaranteed Interest||3 months|
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.