| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 1st TD |
| Loan Amount | $2,080,000 |
| Appraised Value | $3.20Mil |
| Occup | Non-Owner Occ. |
| Lender Rate | 10.75% |
| LTV on Purchase Price | 75.17% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in 18 mos. |
| Guaranteed Interest | 6 months |
Loan Scenario:
718 and 711 FICO Borrowers refinanced their private money loan used to purchase this rental property. Borrowers purchased the property in 2014 and have put in more than $300k of improvements so far. Wife is a Doctor and the Husband and Wife team operate multiple pediatric care facilities in LA.
718 and 711 FICO Borrowers refinanced their private money loan used to purchase this rental property. Borrowers purchased the property in 2014 and have put in more than $300k of improvements so far. Wife is a Doctor and the Husband and Wife team operate multiple pediatric care facilities in LA.