|Property / Loan Information|
|Property Type||Single Family Residence|
|Lien Position||2nd TD|
|LTV on BPO Value||65.00%|
|Loan Type||Business Purpose Cash Out|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
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.