| Property / Loan Information | |
| Property Type | Residential Townhouse |
| Lien Position | 2nd TD |
| Loan Amount | $51,000 |
| AVM Value | $380,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 10.75% |
| CLTV on AVM Value | 70.04% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Analytical Manager/Borrower and Investor obtained a business purpose cash-out on this rental property to finance new business venture. Subject Property is a 2 bed/2baths, 1,000 S.F. ranch-style Townhouse located in a suburban area of Carlsbad. Property features open living area, community pool with carpet and tile flooring throughout. Property is within proximity of grocery stores, restaurants and parks. Property is currently rented for $1,750/mo. Mortgage Vintage, Inc., was able to fund this hard money loan in Carlsbad, CA, within 3 business days from receiving the signed Term Sheet.