| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $177,500 |
| BPO Value | $355,000 |
| Occup | Non-Owner |
| Lender Rate | 9.00% |
| LTV on BPO Value | 50% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 24 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor looking for a business purpose cash-out to finance new business venture. Subject property is a 1,281 s.f., 3 bed, 1.5 baths SFR located in Los Angeles. The property has been updated within the last 2 years with newer interior/exterior paint, trimming, siding and window/door frames. Mortgage Vintage, Inc., was able to fund this hard money loan in Los Angeles, CA, within 3 business days from receiving the signed Term Sheet.