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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purch. Price||60.00%|
|Loan Type||Rental Purchase|
|Amortization||Interest Only due in 12 mos.|
|Guaranteed Interest||3 months|
Real Estate Investor looking to purchase Bank Owned SFR for rental income. Borrower is putting in over $200k of own cash in this investment. Subject Property is in a nice cul-de-sac and is a 4 bdr, 3 baths two-story SFR located in Downey, CA. Property is equipped with granite-like counter tops, tile floors, gas cooktop with built-in-oven. Property also features high ceilings, gas fireplace, patio with pavers and fenced backyard, bedrooms with walk-in closet and intercom system, forced air heat & central AC. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.