| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $100,000 |
| Estimated Value | $860,000 |
| Occup | Owner Occ. |
| Interest Rate | 12.50% |
| CLTV on Est. Value | 34.41% |
| Loan Type | Business Purpose Cash Out |
| Amortization | Interest Only due in 36 mos. |
| Guaranteed Interest | 6 months |
Loan Scenario:
670 Mid FICO Borrower looking for cash out to fund working capital in the business. Property is a 3 bdr, 2 baths SFR located in Eastside Costa Mesa. Property has hardwood flooring throughout with tile kitchen flooring, solid wood doors, granite countertop kitchen and upgraded bathroom. Has private courtyard accessible from the kitchen, living room and bedrooms. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.