|Property / Loan Information|
|Property Type||Single Family Residence|
|Lien Position||2nd TD|
|Broker Price Opinion||$1.234Mil|
|CLTV on BPO||65.00%|
|Loan Type||Business Purpose Cash Out|
|Amortization||Interest Only Due in 24 mos.|
|Guaranteed Int.||5 months|
Self-employed Borrower was seeking a business purpose investment cash-out refinance to invest in Borrower’s technology business and payoff existing two existing liens. Subject is a 2-story, 5 bdrm/3ba SFR, 3,200 S.F., situated on a .0955 acre lot in Irvine, CA . Property is located in very close proximity to UC Irvine, University Town Center, Turtle Rock, John Wayne Airport, parks and shopping mall. Property features a large backyard and large patio.
Mortgage Vintage, Inc. was able to fund this hard money loan in Irvine, CA within 3 business days from receiving the signed Term Sheet.