Recently Funded Hard Money Loan – Los Angeles: $150,000, 1st TD, 21.13% LTV, 7.00% Lender

808 credit score real estate investor and long-time business owner was seeking a cash-out 1st TD.  Loan proceeds from our Mortgage Vintage loan were used to purchase another investment property. The property is tri-plex located in the Jefferson Park neighborhood of Los Angeles.  Property measures 2,490 sf of gross living area and is situated on…

Recently Funded Hard Money Loan – Costa Mesa: $660,000, 1st TD, 59.19% LTV, 9.00% Lender Rate

757 fico score borrower was beginning the process of selling his current primary residence in Huntington Beach to acquire a new permanent residence in Costa Mesa.  Borrower used loan proceeds to purchase his new residence and will then payoff the loan when he sells his residence in Huntington Beach. The subject property is a single-story…

Recently Funded Hard Money Loan – Garden Grove: $30,500, 2nd TD, 70.22% CLTV, 14.00% Lender Rate

Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The two subject properties are in the same complex and are next…