| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $600,000 |
| Appraised Value | $2.35Mil |
| Occup | Owner Occ. |
| Interest Rate | 9.00% |
| LTV on AppraisedValue |
25.53% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 36 months |
| Guaranteed Interest | 6 months |
Loan Scenario:
Business owner looking for a business purpose cash-out on owned free and clear SFR in Calabasas, CA.
Subject Property is a 5 bdr, 6.5 baths 4,994 s.f. SFR sitting on a large 21,3000 s.f lot located in Calabasas, CA. Property features distressed hickory & stone floors, quartz and granite countertops, stainless steel appliances and solar energy panels. Property includes plantation shutters with deluxe master bedrooms and stone baths, salt water pool and spa, waterfalls BBQ area, indoor/outdoor shower and multiple patios. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.