| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $305,000 |
| BPO Value | $436,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.50% |
| LTV on BPO Value | 70% |
| Loan Type | Business Purpose Cash Out |
| Amortization | 40 yr amort/due in 12 months |
| Guaranteed Interest | 3 months |
Loan Scenario:
724 FICO Real Estate Broker, experienced rehab Investor and previous borrower of Mortgage Vintage, Inc. looking for a cash-out and extension on current maturing 1st TD. Borrower put in over $35k of rehab in 2014 to renovate the property and has made all payments on time. Subject Property is a 3 bdr, 3 bath SFR conveniently located close to schools, parks and the 5 FWY. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.