San Bernardino, CA
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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$80,250
BPO Value$140,000
OccupNon-Owner Occ.
Interest Rate11.25%
LTV on BPO Value57.32%
Loan TypeFix and Rent
Amortization40 Year amort/due in 3 years
Guaranteed Interest6 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.