Property / Loan Information
Property TypeSFR
Lien Position2nd TD
Loan Amount$600,000
Appraised Value$3.6Mil
OccupOwner Occ.
Lender Rate11.75%
CLTV on Appraised Value48.61%
Loan TypeBusiness Purpose Cash-Out
AmortizationInterest Only Due in 18 months
Guaranteed Interest12 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.