Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$950,000
Comb. Zillow Value$2,180,000
OccupOwner
Lender Rate9.50%
LTV on Comb. Zillow43.58%
Loan TypeOwner Occupied Consumer Purpose Bridge Loan
AmortizationInterest Only Due in 11 months (Balloon)
Subj. Purch. Price$1,200,000

 

 

Loan Scenario:

Borrowers looking to purchase subject SFR in Camarillo w/ cash plus a loan on subject & cross- collateral property also in Camarillo. Subject is a 4 bed/3 bath, 3,673 s.f. SFR sitting on a 34,871 s.f. lot w/ a 220-degree view.  Mortgage Vintage, Inc., was able to fund this hard money loan in Camarillo, CA, w/in 3 business days from receiving the signed Term Sheet.