Ladera Ranch, CA

half moon trail map 2

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Property / Loan Information
Property TypeResidential Condo
Lien Position1st TD
Loan Amount$390,000
Purchase Price$600,000
OccupNon-Owner Occ.
Interest Rate10.00%
LTV on Purch. Price65.00%
Loan TypeRental Purchase
Amortization40 Year amort/due in 3 years
Guaranteed Interest6 months

Loan Scenario:

Real Estate Investor and previous borrower of Mortgage Vintage, Inc. purchasing this Residential Condo for rental income. Borrower is bringing in over $200k of own cash into this investment. Subject Property is a spacious 1,969 s.f. 2 level Condo with 3 bdr, 2.5 baths situated in the Trails community of Oak Knoll, Ladera Ranch.  Property has spacious back yard which includes a patio & grass area, upgraded kitchen & baths with granite counters, crown moldings and plantation shutters throughout. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.