| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $520,000 |
| Purchase Price | $800,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 9.00% |
| LTV on Purchase Price | 65.00% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in 1 year |
| Guaranteed Interest | 180 days |
Loan Scenario:
Real Estate Investor and Doctor with 718 FICO looking for a business purpose loan to fix and flip this SFR in Northridge. Subject Property is a beautiful pool home with 4 bdr,, 4 baths 3,674 s.f. SFR sitting on a large 16,328 s.f lot located in Northridge, CA. Open floor plan in most sought after area of the San Fernando Valley. Great potential with ARV of $1.15 Mil. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.