Cash-Out Loan Funded – La Puente, CA

La Puente, CA

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Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $125,000
Est. Valuation $2.51Mil
Occup Non-Owner Occ.
Interest Rate 12.75%
CLTV on AVM Value 61.60%
Loan Type Business Purpose Cash-Out
Amortization Interest Only due in 3 years.
Guaranteed Interest 6 months

Loan Scenario:

790 Mid FICO Real Estate Investor looking for a business purpose cash-out on this SFR to make real estate investments and provide additional capital for partnership in auto part business. Subject Property is a 3 bed, 2 baths 1,200 s.f. SFR located in Avocado Heights Equestrian area of La Puente, CA. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.