Rental Property Purchase Loan Funded – Moreno Valley

Moreno Valley, CA

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Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $217,750
Purch. Price $335,000
Occup Non-Owner Occ.
Interest Rate 10.50%
LTV on Purch. Price 65.00%
Loan Type Rental Purchase
Amortization 40 Year amort/due in 5 years
Guaranteed Interest 6 months


Loan Scenario:

Real Estate Investors and owners of a carpet & window cleaning company looking to purchase this stunning upgraded SFR for rental income. Subject Property is a beautiful 5 bdr, 3 baths SFR located on a quiet street in desirable Moreno Valley Ranch community. Property has a very open floor plan with plenty of windows for natural light to enter.  Kitchen has new granite counter tops and tile floors.  The bedrooms have granite counter tops, tile floors, large walk-in closets, fresh interior paint, new carpet and fixtures throughout.          Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.