| Property / Loan Information | |
| Property Type | 4-plex |
| Lien Position | 2nd TD |
| Loan Amount | $143,750 |
| BPO Value | $790,000 |
| Occup | Non-Owner |
| Lender Rate | 10.25% |
| CLTV on Est. Value | 65.68% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only, 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Real Estate Investor looking for a business purpose cash-out loan to purchase additional investment property. Subject property is a 3,789 s.f. 4-plex sitting on a large 14,100 s.f. lot with 10 bed/6 baths. Local attractions feature the Mile Square Golf Course, The Observatory, Yost Theater, Santa Ana Zoo and South Coast Plaza. All of the units are occupied. Mortgage Vintage, Inc., was able to fund this hard money loan in Santa Ana, CA, within 3 business days from receiving the signed Term Sheet.