| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $220,000 |
| ARV BPO Value | $1,75Mil |
| Occup | Non-Owner |
| Lender Rate | 11.75% |
| CLTV on BPO ARV | 60.40% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
642 FICO Woodland Hills resident, Business owner and previous borrower of Mortgage Vintage looking for a business purpose cash-out. Partial of the funds will be used toward borrower’s advertising business and the remainder will be used to pay off existing 2nd TD and finish the rehab on the subject property. Mortgage Vintage, Inc., was able to fund this hard money loan in Calabsas, CA, within 3 business days from receiving the signed Term Sheet.