|Property / Loan Information|
|Lien Position||1st TD|
|LTV on Purchase Price||80%|
|Loan Type||Business Purpose Purchase|
|Amortization||Interest Only Due in 12 months|
|Guaranteed Interest||90 days|
681 Mid FICO Real Estate Investor looking to purchase SFR for rental income. Borrower is putting in over $120k of own cash in this investment and needs quick closing, borrower will attempt to obtain conventional refinance after 3 mo. Minimum term. Subject Property is a 4 bdr, 3 baths two-story SFR sitting on a large 10,400 s.f. lot located in Temecula, CA overlooking the Redhawk Golf Course with upgraded kitchen includes beautiful cabinets, granite and a large center island. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.