Rental Purchase Loan Funded – Rancho Mirage, CA

Rancho Mirage, CA
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Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $272,350
Purchase Price $419,000
Occup Non-Owner Occ.
Interest Rate 10.00%
LTV on Purch. Price 65.00%
Loan Type Rental Purchase
Amortization 40 Year amort/due in 2 years
Guaranteed Interest 6 months


Loan Scenario:

Real Estate Investor looking to purchase SFR for rental income.  Borrower is bringing over $140k into this investment. Subject Property is a spacious 3 bdr, 2 baths 2,036 s.f. SFR located in the beautiful Key Largo development of Rancho Mirage.  Property is carpeted throughout with open floor plan, fireplace in the great room, granite counters in the kitchen and baths, private gated courtyard in front with pool and spa in rear. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.


$272,350 1st Trust Deed at 9.25% – Rancho Mirage, CA

Rancho Mirage, CA – Funding Now

Property / Loan Information
Property Type SFR
Lien Position 1st Trust Deed
Trust Deed Amount $272,350
Purchase Price $419,000
Amortization and Term 40 Year amort/due in 2 years
LTV on Purch. Price 65.00%
Loan Type Rental Purchase
Occupancy Non-Owner Occupied
Rate for Investor 9.25%
Loan Maturity 8/01/2016