Recently Funded Hard Money Loan in Simi Valley for $65,000

 

Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $65,000
BPO Value $540,000
Occup. Non-Owner
Lender Rate 9.50%
LTV on BPO             12.04%
Loan Type Investment Prop. Cash-Out
Amortization Interest Only Due in 6/2017 (Balloon)
Gtd. Interest               6 months

 

 

Loan Scenario:

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.


Recently Funded Hard Money Loan in Camarillo for $950,000

 

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $950,000
Comb. Zillow Value $2,180,000
Occup Owner
Lender Rate 9.50%
LTV on Comb. Zillow 43.58%
Loan Type Owner Occupied Consumer Purpose Bridge Loan
Amortization Interest Only Due in 11 months (Balloon)
Subj. Purch. Price $1,200,000

 

 

Loan Scenario:

Borrowers looking to purchase subject SFR in Camarillo w/ cash plus a loan on subject & cross- collateral property also in Camarillo. Subject is a 4 bed/3 bath, 3,673 s.f. SFR sitting on a 34,871 s.f. lot w/ a 220-degree view.  Mortgage Vintage, Inc., was able to fund this hard money loan in Camarillo, CA, w/in 3 business days from receiving the signed Term Sheet.


$350,000 1st Trust Deed at 9.50% – Simi Valley, CA

Simi Valley, CA – Funding Now

Property / Loan Information
Property Type SFR
Lien Position 1st Trust Deed
Trust Deed Amount $350,000
Purchase Price $500,000
Amortization and Term 40 Year amort/due in 3 years
LTV on Purchase Price 70.00%
Loan Type Fix and Rent
Occupancy Non-Owner Occupied
Rate for Investor 9.50%
Loan Maturity 9/01/2015

 


Cash-out Refinance Loan Funded

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Property / Loan Information
Property Type SFR (Cash-Out Refi)
Lien Position 2nd Trust Deed
Loan Amount $250,000
As Is Valuation $1,150,000
Appraisal/s.f. $479/s.f.
Combined LTV 52.17%
Loan Type Cash-Out Refinance
Amortization 30 Year amort/due in 12 months
Prepay Penalty 4 months