Property / Loan Information
Property TypeSingle Family Residence
Lien Position1st TD
Loan Amount$165,000
Broker Price Opinion (BPO)$670,000
OccupOwner Occ.
Lender Rate9.00%
LTV on Appraisal24.63%
Loan TypeBusiness Purpose Cash Out
AmortizationInterest Only Due in 60 mos.
Guaranteed Int.6 months

 

 

 

Loan Scenario:

Self-employed borrower saught a business purpose cash out to payoff 1st mortgage and expand her security and notary business.

Subject is a contemporary 1-story, 2 bedrooms 1 bath Single Family Residence located in San Francisco. The Property measures 875 sf of gross living area, and is situated on a 2,495 sf lot.  Property is close to the 280 and 101 freeways, park and resides on a dead-end street.  Property features a 1 car attached garage.

Mortgage Vintage, Inc. was able to fund this hard money loan in San Francisco, CA, within 3 business days from receiving the signed Term Sheet.