|Property / Loan Information|
|Lien Position||1st TD|
|LTV on BPO Value||50%|
|Loan Type||Business Purpose Cash-Out|
|Amortization||Interest Only Due in 24 mos.|
|Guaranteed Int.||6 months|
Real Estate Investor looking for a business purpose cash-out to finance new business venture. Subject property is a 1,281 s.f., 3 bed, 1.5 baths SFR located in Los Angeles. The property has been updated within the last 2 years with newer interior/exterior paint, trimming, siding and window/door frames. Mortgage Vintage, Inc., was able to fund this hard money loan in Los Angeles, CA, within 3 business days from receiving the signed Term Sheet.