| Property / Loan Information | |
| Property Type | Residential Mfg. Home |
| Lien Position | 1st TD |
| Loan Amount | $130,500 |
| BPO Value | $225,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 9.50% |
| LTV on BPO Value | 58.00% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor and Rehabber looking for a business purpose cash-out to payoff current maturing 1st TD. Subject Property is a Single Family Manufactured Home built in 2005 with 3 bedrooms, 2 full baths and 1,455 square feet of living space. Manufactured Home has permanent foundation permit (Form 433A) and is sitting on a large 1.13 acre fenced lot featuring a front porch and back patio. Mortgage Vintage, Inc. was able to fund this hard money loan in Perris, CA within 3 business days from receiving the signed Term Sheet.