| Property / Loan Information | |
| Property Type | Single Family Residence |
| Lien Position1st | TD |
| Loan Amount | $174,000 |
| AVM Value | $429,200 |
| Occup | Non-Owner Occ. |
| Lender Rate | 6.75% |
| LTV on AVM | 40.54% |
| Loan Type | Business Purpose Refinance |
| Amortization | Interest Only Due in 12 mos. |
| Guaranteed Int. | 5 Months |
Borrower sought a new 1st trust deed to payoff existing mortgage. This investment property currents rents out for $1,840.00 per month.
Subject is a 1 story SFR with 2 bedrooms, 2 bathrooms. Property is located in West Covina. The property measures 1,655 sf on a 8,872 sf lot. The Property is centrally located next to shopping, entertainment, and good schools.
Mortgage Vintage, Inc. was able to fund this hard money loan in West Covina, CA, within 3 business days from receiving the signed Term Sheet.