| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $65,000 |
| BPO Value | $540,000 |
| Occup. | Non-Owner |
| Lender Rate | 9.50% |
| LTV on BPO | 12.04% |
| Loan Type | Investment Prop. Cash-Out |
| Amortization | Interest Only Due in 6/2017 (Balloon) |
| Gtd. Interest | 6 months |
Loan Scenario:
Real Estate Investor, current Borrower of Mortgage Vintage, Inc., and Contractor, with proven rehab fix and rent experience, is remodeling the subject property.
Subject Property is an SFR with 3 bedrooms, 2 baths, on a spacious 0.34-acre lot. Borrower investing funds to rehab property for rental income. Mortgage Vintage, Inc., was able to fund this hard money loan in Simi Valley, CA, w/in 3 business days from receiving the signed Term Sheet.