| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 1st TD |
| Loan Amount | $472,500 |
| AVM Value | $630,300 |
| Occup | Non-Owner Occ. |
| Lender Rate | 8.75% |
| LTV on AVM | 74.61% |
| Loan Type | Purchase Fix & Flip |
| Amortization | Interest Only Due in 12 mos. |
| Guaranteed Int. | 3 Months |
Loan Scenario:
Self-employed borrower with fix and flip experience and a 709 mid FICO credit score seeking a purchase loan to fix and flip investment property.
Subject is a 1 story, 3 bdrm/1 full bath Single Family Residence located in Costa Mesa. The Property measures 1,728 sf of gross living area, and is situated on a 7,197 sf lot.
Mortgage Vintage, Inc. was able to fund this hard money loan in Long Beach, CA, within 3 business days from receiving the signed Term Sheet.