Property / Loan Information
Property TypeSFR
Lien Position2nd TD
Loan Amount$116,000
BPO Value$1.6Mil
OccupNon-Owner Occ.
Lender Rate11.00%
CLTV on BPO Value59.50%
Loan TypeBusiness Purpose Cash-Out
AmortizationInterest Only Due in36 mos.
Guaranteed Interest6 months

 

 

 

Loan Scenario:

Business owner and Woodland Hills resident looking for cash-out to complete rehab on the subject property. This property is a 3,348  s.f., 4 bdr/4.5 bath house located in Calabasas Park Estates and is located on the main road of this 550 home development.  It has a great floor plan: 2 story; 1 bedroom with its own bathroom downstairs, and 3 bedrooms upstairs, each of them with its own bathroom and the Master bedroom has a walk-in closet. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.