| Property / Loan Information | |
| Property Type | Condo, PUD |
| Lien Position | 1st TD |
| Loan Amount | $175,500 |
| Est. Valuation | $280,000 |
| Occup | Non-Owner Occ. |
| Lender Rate | 9.25% |
| LTV on Est. Value | 62.67% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Interest | 6 months |
Loan Scenario:
Real Estate Investor and Coldwell Banker Residential Real Estate Broker in Lake Elsinore doing a Cash-Out refinance on two rental properties in Lake Elsinore. Each Property has 2 bdr and 2 bth and are part of the nice Condominium community with a Community pool and healthy HOA. The well maintained properties have tile floors, single level, 2-Car attached garage, walking distance to elementary school and parks, and are conforming with other housing in the area. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.