| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $235,500 |
| Appraised Value | $785,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 9.00% |
| LTV on AppraisedValue |
30.00% |
| Loan Type | Business Purpose Purchase |
| Amortization | Interest Only Due in12 months |
| Guaranteed Interest | 6 months |
Loan Scenario:
International Real Estate Investor and Foreign National looking to purchase SFR for rental income. Borrower is putting in over $550k of own cash in this investment. Subject Property is a 5 bdr, 1.75 baths two-story SFR located in Huntington Beach, CA. Property is sitting on a large 6,510 s.f. lot with 4 bedrooms upstairs and one downstairs, energy efficient dual pain windows, wood style laminate flooring, ceramic tile flooring, plush carpet flooring. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.