|Property / Loan Information|
|Lien Position||2nd TD|
|LTV on BPO||12.04%|
|Loan Type||Investment Prop. Cash-Out|
|Amortization||Interest Only Due in 6/2017 (Balloon)|
|Gtd. Interest||6 months|
Real Estate Investor, current Borrower of Mortgage Vintage, Inc., and Contractor, with proven rehab fix and rent experience, is remodeling the subject property.
Subject Property is an SFR with 3 bedrooms, 2 baths, on a spacious 0.34-acre lot. Borrower investing funds to rehab property for rental income. Mortgage Vintage, Inc., was able to fund this hard money loan in Simi Valley, CA, w/in 3 business days from receiving the signed Term Sheet.