King City, CA
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Property / Loan Information
Property TypeSFR
Lien Position1st TD
Loan Amount$178,750
Purchase Price$282,000
OccupNon-Owner Occ.
Interest Rate11.50%
LTV on BPO Value65.00%
Loan TypeRental Purchase
AmortizationInterest Only due in 12 mos.
Guaranteed Interest3 months

Loan Scenario:

775 Mid FICO Real Estate Investor looking to purchase SFR for rental income. Property is a 3 bed, 2 baths SFR on a large 0.15 acre lot with upgraded kitchen and bathroom; has wood flooring and carpet throughout.  Property will be rented for $2,000/mo. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.