| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $60,000 |
| BPO Value | $375,000 |
| Occup. | Non-Owner |
| Lender Rate | 10.50% |
| CLTV on BPO | 58.13% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 24 mos. (Balloon) |
| Gtd. Interest | 6 months |
Loan Scenario:
Real Estate Investor and Partner who jointly own an Escrow Company looking for a 2nd TD to expand its business. Subject Property is a 1,252 s.f. residential condo in Yorba Linda, CA, in excellent condition. Subject property is located near shopping, schools, regional parks and the 91 & 241 FWYS. Mortgage Vintage, Inc., was able to fund this hard money loan in Yorba Linda, CA, w/in 3 business days from receiving the signed Term Sheet.