| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $80,250 |
| BPO Value | $140,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.25% |
| LTV on BPO Value | 57.32% |
| Loan Type | Fix and Rent |
| Amortization | 40 Year amort/due in 3 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
649 FICO Real Estate Investor looking to purchase SFR for rental income. Borrower is putting in over $20k of own cash to purchase the property. Subject Property is a 2 bdr, 1 bath Ranch-style SFR located on a quiet neighborhood of San Bernardino. Property is conveniently located close to the 210 and 215 FWY. Borrower is putting in approx. $5k to upgrade the property with new paint, carpet and kitchen cabinets. Property will be rented for $900/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.