Property / Loan Information
Property TypeSingle Family Residence
Lien Position1st TD
Loan Amount$174,000
AVM Value$429,200
OccupNon-Owner Occ.
Lender Rate6.75%
LTV on AVM40.54%
Loan TypeBusiness Purpose Refinance
AmortizationInterest 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.