| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $39,000 |
| BPO Value | $312,500 |
| Occup | Non-Owner |
| Lender Rate | 11.00% |
| CLTV on BPO Value | 60.16% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 60 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor looking for a cash-out to make repairs on subject property. The subject property is a 1-story 1,000 S.F. SFR built on a 10,890 S.F. lot located in Riverside. The subject property is located within close proximity of the Galleria at Tyler Mall, Castle Amusement Park and the 91 FWY. Mortgage Vintage, Inc., was able to fund this hard money loan in Riverside, CA, within 3 business days from receiving the signed Term Sheet.