|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Value||68.42%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 36months|
|Guaranteed Interest||6 months|
Real Estate Investor looking for a cash out on SFR in Los Angeles to improve and renovate the subject investment property. Subject Property is a 2 bdr, 1 bath 1,063 s.f. Spanish style SFR located close to the 110 & 105 FWY. Property currently has tile roofing and detached car garage. Borrower plans to put in $25k to renovate the property, install kitchen, cabinets, floorings, re-paint interior and upgrade bathroom fixtures. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.