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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purch. Price||75.00%|
|Loan Type||Rental Purchase|
|Amortization||40 Year amort/due in 3 years|
|Guaranteed Interest||6 months|
Real Estate Investor looking to purchase this SFR for rental income. Borrower is putting over $29,000 own cash to purchase the property. He plans to repair and hold until he can obtain a conventional refinance. Property is a 3 bed, 1 bath SFR sitting on a large 8,190 sq. ft. lot with Mountain View. Estimated rent is $1,088/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.