Property / Loan Information
Property TypeSingle Family Residence
Lien Position1st TD
Loan Amount$108,000
Dwelling Replacement Cost$481,000
OccupNon-Owner Occ.
Lender Rate11.25%
LTV on DRC22.45%
Loan TypeConstruction
AmortizationInterest Only Due in 24 mos.
Guaranteed Int.5 months

 

 

 

Loan Scenario:

Borrower seeking a construction loan to finalize the construction.

Subject will be a single family residence with an attached mother in law unit.

Mortgage Vintage, Inc. was able to fund this hard money loan in Corona, CA within 3 business days from receiving the signed Term Sheet.