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|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Valuation||65.05%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||30 Year amort/due in 5 years|
|Guaranteed Interest||6 months|
Borrower is an attorney looking for rate and term refinance to payoff maturing existing business purpose 1st Trust Deed from California Bank and Trust and a Tax Lien. Borrower will be bringing close to $50k cash to close this transaction. Subject Property is a 4bdr, 3 baths SFR centrally located in the Woodbridge area of Irvine between the 405 Freeway and the 5 Freeway with close proximity to Deerfield Park. Mortgage Vintage, Inc. was able to able to quickly fund the loan within 3 business daysfrom receiving the signed Term Sheet.