Jamestown, CA

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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$188,500
Purchase Price$290,000
OccupNon-Owner Occ.
Interest Rate11.50%
LTV on Purch. Price65.00%
Loan TypeFix and Rent
AmortizationInterest Only due in 3 years
Guaranteed Interest6 months

Loan Scenario:

773 Mid FICO Self-Employed Auto Investment Dealer, Real Estate Investor and previous successful Fix and Flip rehabber with Mortgage Vintage purchasing this Bank Owned Single Family Residence in Jamestown, CA for fix and rent on a 1031 Exchange and with cash. Subject Property is a 3bdr, 2 baths SFR sitting on a large 40 acre land located Jamestown, CA.  Property has separate family room, living room, nook, formal dining room and large kitchen. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.