Property / Loan Information
Property TypeSingle Family Residence
Lien Position1st TD
Loan Amount$680,000
Broker Price Opin.$1,500,000
OccupNon-Owner Occ.
Lender Rate7.75%
LTV on BPO45.33%
Loan Type Consumer Purp.  Cash-Out
AmortizationInterest 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.