|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Value||65.00%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
Self-Employed Borrower looking for cash-out to complete remodel on subject property and purchase additional investment property. Subject property is a 7,750 s.f. fenced lot (0.18 acre) with 4 bedrooms/2 bath SFR located in the Inland Empire. Subject property is located near schools, parks, shopping centers and the 215 and 210 freeways. Owner has owned the house as a rental and decided to remodel and add square footage. Mortgage Vintage, Inc. was able to fund this hard money loan in San Bernardino within 3 business days from receiving the signed Term Sheet.