| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position | 2nd TD |
| Loan Amount | $107,500 |
| Broker Opinion | $450,000 |
| Occup | Owner Occ. |
| Lender Rate | 10.25% |
| LTV on BPO Value | 65.00% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Borrower was seeking this Business Purpose Cash Out loan in Riverside to invest in his growing consulting business.
Subject is a 2 story SFR with 4 bedrooms, 2.5 bathrooms. Property is located in Riverside, CA conveniently located near shops and entertainment. The property measures 2,792 sf on a 7,405 sf lot. The Property features a nice backyard with a pool.
Mortgage Vintage, Inc. was able to fund this hard money loan in Riverside, CA, within 3 business days.