| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $189,000 |
| Purch. Price | $270,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 9.25% |
| LTV on Purch Price | 70.00% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in 24 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor who is employed as a Marketing Director for a realty company in Van Nuys is seeking a hard money loan in order to purchase the subject property as an investment. Subject property is a 1,495 S.F. SFR built on a 7,800 S.F. lot in Fontana, CA. The garage is 422 S.F. and is attached to the subject and accommodates 2 vehicles. The subject has 4 beds/2baths and is located in a suburban area of Fontana. Subject is currently rented for $2,000/mo. Mortgage Vintage, Inc., was able to fund this hard money loan in Fontana, CA, within 3 business days from receiving the signed Term Sheet.