Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $600,000
Appraised Value $3.6Mil
Occup Owner Occ.
Lender Rate 11.75%
CLTV on Appraised Value 48.61%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 18 months
Guaranteed Interest 12 months




Loan Scenario:
627 Mid FICO Business Owners and current borrower of Mortgage Vintage looking for a business purpose cash-out on this beautiful mountain view SFR in Los Angeles to help finance inventory and growth for  family business. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.