| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $1.56Mil |
| Purchase Price | $1.95Mil |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.50% |
| LTV on Purch Price | 80.00% |
| Loan Type | Fix and Flip |
| Amortization | Interest Only due in 12 mos. |
| Guaranteed Interest | 6 months |
Loan Scenario:
737 Mid FICO Real Estate Investor and General Contractor purchasing this SFR for fix and re-sell. Borrower is putting over $400k of own cash into this investment with $150k in rehab with funds control company. Subject Property is a 5 bdr, 5.3 baths SFR on a large 10,816 sq. ft. lot located in Murrieta, CA. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.