| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $272,350 |
| Purchase Price | $419,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.00% |
| LTV on Purch. Price | 65.00% |
| Loan Type | Rental Purchase |
| Amortization | 40 Year amort/due in 2 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
Real Estate Investor looking to purchase SFR for rental income. Borrower is bringing over $140k into this investment. Subject Property is a spacious 3 bdr, 2 baths 2,036 s.f. SFR located in the beautiful Key Largo development of Rancho Mirage. Property is carpeted throughout with open floor plan, fireplace in the great room, granite counters in the kitchen and baths, private gated courtyard in front with pool and spa in rear. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.