| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 1st TD |
| Loan Amount | $403,310 |
| Appraised Value | $1,500,000 |
| Occup | Owner Occ. |
| Lender Rate | 7.50% |
| LTV on Appraisal | 26.89% |
| Loan Type | Consumer Bridge Loan |
| Amortization | Interest Only Due in 11 mos. |
| Guaranteed Int. | None |
Loan Scenario:
Borrowers received a consumer bridge loan to close the purchase of this new home which is being built.
Subject is a 2 story, 4 bdrm/3 full ba Single Family Residence located in the gated community of Laguna Altura in Irvine. The Property measures 2,459 sf of gross living area, and is situated on a 4,235 sf lot.
Mortgage Vintage, Inc. was able to fund this hard money loan in Irvine, CA, within 3 business days from receiving the signed Term Sheet.