|Property / Loan Information|
|Lien Position||2nd TD|
|CLTV on Purch||60.00%|
|Loan Type||Business Purpose Purchase|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
Real Estate Investor and owner of multiiple rental properties looking to purchase subject multiplex for rental income. Subject property is a 3,916 s.f. 6-unit multiplex sitting on a 23,441 s.f. lot with 9beds/6baths. Borrower plans to upgrade the property and fix one of the buildings which sustained damage from a vehicle accident once he acquires ownership. Mortgage Vintage, Inc. was able to fund this hard money loan in Santa Ana, CA, within 3 business days from receiving the signed Term Sheet.