|Property / Loan Information|
|Property Type||Condo, PUD|
|Lien Position||1st TD|
|LTV on Est. Value||62.67%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Interest||6 months|
Real Estate Investor and Coldwell Banker Residential Real Estate Broker in Lake Elsinore doing a Cash-Out refinance on two rental properties in Lake Elsinore. Each Property has 2 bdr and 2 bth and are part of the nice Condominium community with a Community pool and healthy HOA. The well maintained properties have tile floors, single level, 2-Car attached garage, walking distance to elementary school and parks, and are conforming with other housing in the area. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.