Recent Transaction in Huntington Beach – Business Purpose Purchase

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $235,500
Appraised Value $785,000
Occup Non-Owner Occ.
Interest Rate 9.00%
LTV on
Loan Type Business Purpose Purchase
Amortization Interest Only Due in12 months
Guaranteed Interest 6 months




Loan Scenario:
International Real Estate Investor and Foreign National looking to purchase SFR for rental income. Borrower is putting in over $550k of own cash in this investment. Subject Property is a 5 bdr, 1.75 baths two-story SFR located in Huntington Beach, CA. Property is sitting on a large 6,510 s.f. lot with 4 bedrooms upstairs and one downstairs, energy efficient dual pain windows, wood style laminate flooring, ceramic tile flooring, plush carpet flooring. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.