Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$150,000
BPO Value$410,000
Lender Rate9.00%
LTV on BPO Value36.59%
Loan TypeBusiness Purpose Cash-Out
AmortizationInterest Only Due in 24 mos.
Guaranteed Int.6 months




Loan Scenario:

Real Estate Investor looking for a cash-out to payoff business 1st TD. The subject property is a 1-story bungalow style edifice consisting of 976 s.f. on a 7,750 s.f. lot in Anaheim. Subject property is in fair condition with some repairs needed; the kitchen and bathroom are currently being remodeled. Subject property located near schools, shopping centers, parks and other commercial attractions. Mortgage Vintage, Inc. was able to fund this hard money loan in Anaheim, CA, within 3 business days from receiving the signed Term Sheet.