|Property / Loan Information|
|Property Type||Residential Mfg. Home|
|Lien Position||1st TD|
|LTV on BPO Value||58.00%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
Real Estate Investor and Rehabber looking for a business purpose cash-out to payoff current maturing 1st TD. Subject Property is a Single Family Manufactured Home built in 2005 with 3 bedrooms, 2 full baths and 1,455 square feet of living space. Manufactured Home has permanent foundation permit (Form 433A) and is sitting on a large 1.13 acre fenced lot featuring a front porch and back patio. Mortgage Vintage, Inc. was able to fund this hard money loan in Perris, CA within 3 business days from receiving the signed Term Sheet.