|Property / Loan Information|
|Lien Position||2nd TD|
|CLTV on BPO Value||59.50%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in36 mos.|
|Guaranteed Interest||6 months|
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.