Victorville, CA
Download recent-transaction-70000-business-purpose-purchase-loan-funded-victorville-ca
| Property / Loan Information | |
| Property Type | Residential Manufactured Home |
| Lien Position | 1st TD |
| Loan Amount | $70,000 |
| Broker Price Opinion | $123,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 10.75% |
| LTV on BPO | 56.91% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor looking to purchase this Residential Manufactured Home for rental income. Subject Property is a Single Family Manufactured Home built in 1988 with 3 bedrooms, 2 full baths and 1,188 square feet of living space in Victorville, CA. Manufactured Home has permanent foundation permit and sits on a large 1.03 acre lot. Property is in a rural and suburban area, close to grocery stores and parks.
Mortgage Vintage, Inc. was able to fund this hard money loan in Victorville, CA within 3 business days from receiving the signed Term Sheet.