What is happening in the Fix and Flip marketplace? Change and upheaval constitute Fix-and-Flip finance today. FinTech (High-Tech Lenders) companies, Wall Street and others have entered the Fix-and-Flip lending arena with an avalanche of capital. This new capital benefits borrowers with lower rates but is creating havoc with traditional lenders who are scrambling to keep…
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Los Angeles, CA Download Recent Transaction – $250,000 Business Purpose Cash-Out, Los Angeles CA Property / Loan Information Property Type Single Family Residence Lien Position 3rd TD Loan Amount $250,000 Appraised Value $1,650,000 Occup Non Owner Occ. Lender Rate 12.00% CLTV on Appraisal 53.33% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed…
La Quinta, CA Download Recent Transaction – $60,000.00 Business Purpose Cash Out – La Quinta, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $60,000 Broker Price Opinion (BPO) $470,000 Occup Non Owner Occ. Lender Rate 9.00% LTV on Appraisal 12.77% Loan Type Business Purpose Cash Out Amortization Interest Only…
San Francisco, CA Download Recent Transaction – $165,000.00 Business Purpose Cash Out – San Francisco, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $165,000 Broker Price Opinion (BPO) $670,000 Occup Owner Occ. Lender Rate 9.00% LTV on Appraisal 24.63% Loan Type Business Purpose Cash Out Amortization Interest Only Due…
Sandy with Congressman Dana Rohrabacher at the recent 2017 Cannabis Business Expo in San Diego. Sandy and Mortgage Vintage launched their Cannabis Business Purpose Loan Program that provides cannabis-related business loans secured by California Real Estate. The ability to back cannabis businesses with Real Estate secured loans gives this program an extra advantage in the…