|Property / Loan Information|
|Property Type||Single Family Residence|
|Lien Position||1st TD|
|Broker Price Opin.||$1,500,000|
|LTV on BPO||45.33%|
|Loan Type||Consumer Purp. Cash-Out|
|Amortization||Interest Only Due in 6 mos.|
|Guaranteed Int.||6 months|
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.