Property / Loan Information
Property TypeSFR
Lien Position2nd TD
Loan Amount$180,000
Est. 1st TD$756,000
OccupOwner Occ.
Lender Rate11.00%
CLTV on BPO Value60.39%
Loan TypeBusiness Purpose Cash-Out
AmortizationInterest Only Due in 36 mos.
Guaranteed Int.6 months

 

 

 

Loan Scenario:

Self-employed Borrower seeking a business purpose cash-out to make improvements to the subject property. 

Subject is a 2-story, 3,095 S.F. 5bed/5bath SFR located in a suburban area of San Gabriel, CA, situated on a 0.20-acre lot (9,046 S.F.).  Subject features a fireplace, pool, granite counter-tops, wood-tile-carpet flooring throughout, attached 3 car garage and an appealing exterior presence.  Mortgage Vintage, Inc., was able to fund this hard money loan in San Gabriel, CA, within 3 business days from receiving the signed Term Sheet.

 

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