| 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.