| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $516,000 |
| Purchase Price | $645,.000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 10.99% |
| LTV on Purchase Price | 80% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in 12 months |
| Guaranteed Interest | 90 days |
Loan Scenario:
681 Mid FICO Real Estate Investor looking to purchase SFR for rental income. Borrower is putting in over $120k of own cash in this investment and needs quick closing, borrower will attempt to obtain conventional refinance after 3 mo. Minimum term. Subject Property is a 4 bdr, 3 baths two-story SFR sitting on a large 10,400 s.f. lot located in Temecula, CA overlooking the Redhawk Golf Course with upgraded kitchen includes beautiful cabinets, granite and a large center island. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.