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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purch Price||80.00%|
|Loan Type||Fix and Flip|
|Amortization||Interest Only due in 12 mos.|
|Guaranteed Interest||6 months|
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.