|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Total Value||65.00%|
|Loan Type||Business Purpose Purchase|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
658 FICO borrower with stable employment history and real estate investor purchased SFR in Coalinga for investment purposes.
Subject Property is a 2 bed/1 bath, 1,102 s.f. Ranch Style SFR, sitting on a 7,000 s.f. lot in Coalinga. The Cross-Collateral Property is a 2 bed/1 bath, 660 s.f. SFR sitting on a 4,033 s.f. lot. Both properties are within close proximity to the New Coalinga Municipal Airport, the 5/33/198 FWYS, shopping, and the RC Baker Memorial Museum. Mortgage Vintage, Inc., was able to fund this hard money loan in Coalinga, CA, within 3 business days from receiving the signed Term Sheet.