Property / Loan Information
Property TypeSingle Family Residence
Lien Position1st TD
Loan Amount$403,310
Appraised Value$1,500,000
OccupOwner Occ.
Lender Rate7.50%
LTV on Appraisal26.89%
Loan TypeConsumer Bridge Loan
AmortizationInterest 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.