| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $217,750 |
| Purch. Price | $335,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.50% |
| LTV on Purch. Price | 65.00% |
| Loan Type | Rental Purchase |
| Amortization | 40 Year amort/due in 5 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
Real Estate Investors and owners of a carpet & window cleaning company looking to purchase this stunning upgraded SFR for rental income. Subject Property is a beautiful 5 bdr, 3 baths SFR located on a quiet street in desirable Moreno Valley Ranch community. Property has a very open floor plan with plenty of windows for natural light to enter. Kitchen has new granite counter tops and tile floors. The bedrooms have granite counter tops, tile floors, large walk-in closets, fresh interior paint, new carpet and fixtures throughout. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.