|Property / Loan Information|
|Lien Position||1st TD|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 24 months|
|Guaranteed Interest||6 months|
Fully employed Real Estate Investor and previous successful borrower of Mortgage Vintage looking for a business purpose cash-out to upgrade the investment property. Property has two car detached garage with plenty of driveway parking space between the 2 units; has carpeted floorings for bedrooms and tiled kitchen floorings. Property is fully occupied with rental income of $2,700/mo. Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.