| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $326,400 |
| Purchase Price | $544,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.75% |
| LTV on Purch. Price | 60.00% |
| Loan Type | Rental Purchase |
| Amortization | Interest Only due in 12 mos. |
| Guaranteed Interest | 3 months |
Loan Scenario:
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.