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.