|Property / Loan Information|
|Property Type||Residential Duplex|
|Lien Position||2nd TD|
|LTV on Est. Value||64.42%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 12 mos.|
|Guaranteed Interest||6 months|
Borrower looking for a cash-out to purchase additional investment properties. This subject property is a multi-level style Residential Duplex with 6 bedrooms, 4 bathrooms sitting on a large 7,598 sf lot. Property features hardwood floors throughout with tiled kitchen and dining area. Property has 4 attached enclosed garages. Property is fully occupied and currently rented for $3,600/month. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.