|Property / Loan Information|
|Lien Position||2nd TD|
|Est. 1st TD||$756,000|
|CLTV on BPO Value||60.39%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
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.