| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 2nd TD |
| Loan Amount | $180,000 |
| Est. 1st TD | $756,000 |
| Occup | Owner Occ. |
| Lender Rate | 11.00% |
| CLTV on BPO Value | 60.39% |
| Loan Type | Business Purpose Cash-Out |
| Amortization | Interest Only Due in 36 mos. |
| Guaranteed Int. | 6 months |
Loan Scenario:
Self-employed Borrower seeking a business purpose cash-out to make improvements to the subject property.
Subject is a 2-story, 3,095 S.F. 5bed/5bath SFR located in a suburban area of San Gabriel, CA, situated on a 0.20-acre lot (9,046 S.F.). Subject features a fireplace, pool, granite counter-tops, wood-tile-carpet flooring throughout, attached 3 car garage and an appealing exterior presence. Mortgage Vintage, Inc., was able to fund this hard money loan in San Gabriel, CA, within 3 business days from receiving the signed Term Sheet.
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