|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Value||70%|
|Loan Type||Business Purpose Cash Out|
|Amortization||40 yr amort/due in 12 months|
|Guaranteed Interest||3 months|
724 FICO Real Estate Broker, experienced rehab Investor and previous borrower of Mortgage Vintage, Inc. looking for a cash-out and extension on current maturing 1st TD. Borrower put in over $35k of rehab in 2014 to renovate the property and has made all payments on time. Subject Property is a 3 bdr, 3 bath SFR conveniently located close to schools, parks and the 5 FWY. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.