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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Appraised Value||65.00%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||30 Year amort/due in 12 mos|
|Guaranteed Interest||3 months|
722 Mid FICO and Real Estate Investor looking for a cash-out to purchase additional investment properties. Borrower closed the all cash purchase on the subject SFR 2 weeks ago. Subject Property is a 4 bed, 2 baths SFR sitting on a large 7,841 sq. ft. lot close to the 5 FWY with ocean views and walking distance to the beach. Property is located in a prime location of the Shorecliff. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.