| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $200,00 |
| AVM Valuation | $2.51Mil |
| Occup | Non-Owner Occ. |
| Interest Rate | 12.50% |
| CLTV on AVM Value | 49.00% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only due in 12 mos. |
| Guaranteed Interest | 3 months |
Loan Scenario:
Real Estate Investor and owner of a privately held www.theglasshousereport.com employer/employee protection company looking for cash out to finance growth of the business. Subject Property is a beautiful 4 bdr, 2.5 baths SFR on a 9,148 s.f. lot located in the Irvine Terrace community in Corona Del Mar, CA. Property has open floor plan with French doors in all 4 bedrooms; tiled throughout the family room, kitchen and bathrooms. Property is currently rented for $7k/mo. and listed on MLS for $2.4Mil. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.