Recently Funded Hard Money Loan in Costa Mesa, CA $472,500

Property / Loan Information
Property Type Single Family Residence
Lien Position 1st TD
Loan Amount $472,500
AVM Value $630,300
Occup Non-Owner Occ.
Lender Rate 8.75%
LTV on AVM 74.61%
Loan Type Purchase Fix & Flip
Amortization Interest Only Due in 12 mos.
Guaranteed Int. 3 Months







Loan Scenario:

Self-employed borrower with fix and flip experience and a 709 mid FICO credit score seeking a purchase loan to fix and flip investment property.

Subject is a 1 story, 3 bdrm/1 full bath Single Family Residence located in Costa Mesa.  The Property measures 1,728 sf of gross living area, and is situated on a 7,197 sf lot.

Mortgage Vintage, Inc. was able to fund this hard money loan in Long Beach, CA, within 3 business days from receiving the signed Term Sheet.