| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $700,000 |
| BPO Value | $1.65Mil |
| Occup | Non-Owner |
| Lender Rate | 10.25% |
| CLTV on Est. Value | 59.48% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 24 mos. |
| Guaranteed Int. | 4 months |
Loan Scenario:
Real Estate Investor and previous borrower of Mortgage Vintage looking for a cash-out to payoff existing business 2nd TD and to expand her Hollywood Production business. Subject Property is a large 5 bed, 4 bath, 3,253 s.f. SFR sitting on a large 15,192 s.f. lot located in Arcadia, CA, with easy access to the 10, 210, & 605 FWYS. Property has hard wood flooring throughout, oak cabinets, open kitchen, formal living room, dining room and carpeted bedrooms. Mortgage Vintage, Inc. was able to fund this hard money loan in Arcadia, CA, within 3 business days from receiving the signed Term Sheet.