| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $75,000 |
| BPO Value | $225,000 |
| Occup | Owner |
| Lender Rate | 9.25% |
| LTV on BPO Value | 33.33% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 60 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Self-Employed Borrower looking for business purpose cash-out to upgrade and purchase new salon equipment for her current Hair Salon business. Subject property is a 1,573 s.f. SR sitting on a large 8,712 s.f. lot located in Indio (Inland Empire) near casinos, golf courses, resorts and the 10 FWY. Mortgage Vintage, Inc., was able to fund this hard money loan in Indio, CA, within 3 business days from receiving the signed Term Sheet.