|Property / Loan Information|
|Property Type||Residential Manufactured Home|
|Lien Position||1st TD|
|Broker Price Opinion||$123,000|
|LTV on BPO||56.91%|
|Loan Type||Business Purpose Cash Out|
|Amortization||Interest Only Due in 36 mos.|
|Guaranteed Int.||6 months|
Real Estate Investor looking to purchase this Residential Manufactured Home for rental income. Subject Property is a Single Family Manufactured Home built in 1988 with 3 bedrooms, 2 full baths and 1,188 square feet of living space in Victorville, CA. Manufactured Home has permanent foundation permit and sits on a large 1.03 acre lot. Property is in a rural and suburban area, close to grocery stores and parks.
Mortgage Vintage, Inc. was able to fund this hard money loan in Victorville, CA within 3 business days from receiving the signed Term Sheet.