Recently Funded Hard Money Loan – Moreno Valley: $33,000, 2nd TD, 70.00% CLTV, 15.00% Lender Rate

Previous successful borrower, foreign national real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. Borrower was a previous successful Mortgage Vintage client and owns several investment properties…

Recently Funded Hard Money Loan – Downey: $450,000, 1st TD, 73.77% LTV, 9.50% Lender Rate

750 fico score real estate investor and real estate broker was seeking a business purpose loan to purchase this prime fix & flip opportunity in LA County. Subject property currently is a single-story traditional style SFR situated on a large 25,592 sqft lot in Downey. The subject was built in 1949. Property has 2,171 sqft of…

Recently Funded Hard Money Loan – Westlake Village: $160,000 1st TD, 21.00% LTV, 6.50% Lender Rate

Real estate investor and long-time doctor was seeking a cash-out 1st TD of this Ventura County investment property.  Loan proceeds from this new loan were used to update the same property. The condo is located in Westlake Village very close to Westlake Lake.  The property measures 1,591 sf of gross living area and is situated…