Property / Loan Information
Property TypeSingle Family Residence
Lien Position 1st TD
Loan Amount$981,750
Appraised Value$1,305,900
OccupNon-Owner Occ.
Lender Rate9.50%
LTV on Purchase Price75.17%
Loan TypeBusiness Purpose Purchase
AmortizationInterest Only Due in3 years
Guaranteed Interest6 months




Loan Scenario:

666 FICO Borrower and Real Estate Finance Professional purchased this beautiful brand new Single Family Residence in the new Stafford at Greenwood development in Tustin as a real estate investment.

Subject Property is the Harrison Model featuring 3,961 s.f. with 4 bedrooms + guest suite, office, bonus, 4.5 baths, Panoramic Style Doors, and Fireplace in Legacy Room, covered deck, 2-car garage plus storage.  Purchase Price is $1.3059 Mil. 12/4/15 completed BPO placed the property value at $1.50 Million.