|Property / Loan Information|
|Property Type||Single Family Residence|
|Lien Position||1st TD|
|Broker Price Opinion (BPO)||$670,000|
|LTV on Appraisal||24.63%|
|Loan Type||Business Purpose Cash Out|
|Amortization||Interest Only Due in 60 mos.|
|Guaranteed Int.||6 months|
Self-employed borrower saught a business purpose cash out to payoff 1st mortgage and expand her security and notary business.
Subject is a contemporary 1-story, 2 bedrooms 1 bath Single Family Residence located in San Francisco. The Property measures 875 sf of gross living area, and is situated on a 2,495 sf lot. Property is close to the 280 and 101 freeways, park and resides on a dead-end street. Property features a 1 car attached garage.
Mortgage Vintage, Inc. was able to fund this hard money loan in San Francisco, CA, within 3 business days from receiving the signed Term Sheet.