Recently Funded Hard Money Loan in West Covina $174,000

Property / Loan Information
Property Type Single Family Residence
Lien Position1st  TD
Loan Amount $174,000
AVM Value $429,200
Occup Non-Owner Occ.
Lender Rate 6.75%
LTV on AVM 40.54%
Loan Type Business Purpose Refinance
Amortization Interest Only Due in 12 mos.
Guaranteed Int. 5 Months







Borrower sought a new 1st trust deed to payoff existing mortgage. This investment property currents rents out for $1,840.00 per month.

Subject is a 1 story SFR with 2 bedrooms, 2 bathrooms. Property is located in West Covina. The property measures 1,655 sf on a 8,872 sf lot. The Property is centrally located next to shopping, entertainment, and good schools.

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