| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 1st TD |
| Loan Amount | $680,000 |
| Broker Price Opin. | $1,500,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 7.75% |
| LTV on BPO | 45.33% |
| Loan Type | Consumer Purp. Cash-Out |
| Amortization | Interest Only Due in 6 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Borrower has owned this non-owner occupied home for a very long time and has good credit scores. Using cash out to care for elderly mother.
Subject is a traditional, 3 bdrm/2ba Single Family Residence located in Los Angeles. The Property measures 1,551 sf of gross living area, and is situated on a 7,988-sf lot. Property resides in an established neighborhood within proximity of UCLA.
Mortgage Vintage, Inc. was able to fund this hard money loan in Los Angeles, CA within 3 business days.