Property / Loan Information
Property TypeSingle Family Residence
Lien Position 1st TD
Loan Amount$500,000
Broker Opinion$867,140
OccupNon Owner Occ.
Lender Rate8.25%
LTV on BPO Value57.66%
Loan TypeBusiness Purpose Purchase
AmortizationInterest 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.