|Property / Loan Information|
|Lien Position||2nd TD|
|LTV on AVM Value||53.27%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 12 months|
|Guaranteed Interest||4 months|
Real Estate Investor looking for a cash out 2nd TD on their well-located 3 level rental property in the SeaCliff Estates Development. Loan amount is paying off an existing $135k 2nd TD and the cash-out funds will be used to finance a $50k rehab on the property in preparation for sale. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.