Placentia, CA

hard money loan in Placentia

placentia map

Download Full Summary

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $480,000
Estimated Value $780,000
Occup Owner Occ.
Interest Rate 10.25%
LTV on Est. Value 61.54%
Loan Type Business Purpose Cash-Out
Amortization 40 Year amort/due in 3 years
Guaranteed Interest 6 months

Loan Scenario:

682 Mid FICO Real Estate Investor and Rehabber looking for a cash-out on a free and clear SFR to purchase additional investment properties. Subject Property is a 5 bed, 3 baths 3,400 sq. ft. SFR located on a cul-de-sac in the Sequoia Woods neighborhood of Placentia.  Property features large expansive living room with vaulted wood beam ceilings, fireplace, breakfast bar, swimming pool/spa and tropical back yard. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.