| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $515,000 |
| BPO Valuation | $792,000 |
| Occup | Owner Occ. |
| Note Rate | 11.50% |
| LTV on BPO Valuation | 65.05% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | 30 Year amort/due in 5 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
Borrower is an attorney looking for rate and term refinance to payoff maturing existing business purpose 1st Trust Deed from California Bank and Trust and a Tax Lien. Borrower will be bringing close to $50k cash to close this transaction. Subject Property is a 4bdr, 3 baths SFR centrally located in the Woodbridge area of Irvine between the 405 Freeway and the 5 Freeway with close proximity to Deerfield Park. Mortgage Vintage, Inc. was able to able to quickly fund the loan within 3 business daysfrom receiving the signed Term Sheet.