| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 1st TD |
| Loan Amount | $500,000 |
| Broker Opinion | $867,140 |
| Occup | Non Owner Occ. |
| Lender Rate | 8.25% |
| LTV on BPO Value | 57.66% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Borrower was seeking this Business Purpose Purchase loan to purchase home in Dana Point to fix up and rent.
Subject is a 1 story SFR with 4 bedrooms, 2 bathrooms. Property is located in Dana Point, CA within walking distance of great schools. The property measures 2,175 sf on a 7,504 sf lot. The Property features a large lot, close to schools and minutes from Dana Point Harbor.
Mortgage Vintage, Inc. was able to fund this hard money loan in Dana, CA, within 3 business days.