| Property / Loan Information | |
| Property Type | SFR |
| Lien Position | 1st TD |
| Loan Amount | $86,250 |
| Purchase Price | $115,000 |
| Occup | Non-Owner Occ. |
| Interest Rate | 11.25% |
| LTV on Purch. Price | 75.00% |
| Loan Type | Rental Purchase |
| Amortization | 40 Year amort/due in 3 years |
| Guaranteed Interest | 6 months |
Loan Scenario:
Real Estate Investor looking to purchase this SFR for rental income. Borrower is putting over $29,000 own cash to purchase the property. He plans to repair and hold until he can obtain a conventional refinance. Property is a 3 bed, 1 bath SFR sitting on a large 8,190 sq. ft. lot with Mountain View. Estimated rent is $1,088/mo. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.