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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Valuation||60.00%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||40 Year amort/due in 3 years|
|Guaranteed Interest||6 months|
Real Estate Investor, Contractor and Owner of a decorative concrete construction company looking for a cash-out to complete rehab of the property and to purchase additional investment properties.
Property is a 4 bed, 2.5 baths zoned SFR with a permitted Guest House. Property is currently under renovation and will be completed by February 2014. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.