| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $178,750 |
| Purchase Price | $282,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.50% |
| LTV on BPO Value | 65.00% |
| Loan Type | Rental Purchase |
| Amortization | Interest Only due in 12 mos. |
| Guaranteed Interest | 3 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.