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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purch. Price||65.00%|
|Loan Type||Rental Purchase|
|Amortization||Interest Only due in 24 mos.|
|Guaranteed Interest||6 months|
673 Mid FICO and Real Estate Investor purchasing this SFR to fix and keep for rental income. Borrower is putting over $385k of own down payment cash into this purchase. Subject Property is a large 4,460 s.f Spanish-style SFR with Guest House sitting on 1.53 acre lot with 5 beds, 5 baths located in Covina Hills, CA. Property was built in 1924 but has been remodeled within the last 5 years with newer kitchen, grand living room, large wood balcony and decks. Property has panoramic view and private gates with park-like front yard. Property is currently rented for $6,500/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.