Recently Funded Hard Money Loan in Camarillo for $950,000


Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $950,000
Comb. Zillow Value $2,180,000
Occup Owner
Lender Rate 9.50%
LTV on Comb. Zillow 43.58%
Loan Type Owner Occupied Consumer Purpose Bridge Loan
Amortization Interest Only Due in 11 months (Balloon)
Subj. Purch. Price $1,200,000



Loan Scenario:

Borrowers looking to purchase subject SFR in Camarillo w/ cash plus a loan on subject & cross- collateral property also in Camarillo. Subject is a 4 bed/3 bath, 3,673 s.f. SFR sitting on a 34,871 s.f. lot w/ a 220-degree view.  Mortgage Vintage, Inc., was able to fund this hard money loan in Camarillo, CA, w/in 3 business days from receiving the signed Term Sheet.

Cash-out Refinance Loan Funded


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Property / Loan Information
Property Type SFR (Cash-Out Refi)
Lien Position 2nd Trust Deed
Loan Amount $250,000
As Is Valuation $1,150,000
Appraisal/s.f. $479/s.f.
Combined LTV 52.17%
Loan Type Cash-Out Refinance
Amortization 30 Year amort/due in 12 months
Prepay Penalty 4 months