Recently Funded Hard Money Loan- Murrieta: $320,500, 2nd TD, 67.0% CLTV, 11.0% Lender Rate

Real estate investor and business owner was seeking a business purpose 2nd TD on this SFR investment property in Murrieta in Riverside County.  Our new loan paid an existing 2nd TD, a Hero lien and minimal cash-out to invest into the borrower’s construction business. The subject property is a beautiful ranch style home located in…

Recently Funded Hard Money Loan- Manhattan Beach: $175,000, 2nd TD, 60.1%CLTV, 11% Lender Rate

Previous successful Mortgage Vintage borrowers, and business owners are seeking a business purpose cash-out 2nd TD on this beautiful Manhattan Beach SFR.  Funds from the Mortgage Vintage loan were used to invest back into borrower’s video production company. The subject property is an SFR located in a prime Manhattan Beach location.  The subject is a…

Recently Funded Hard Money Loan- Fullerton: $402,500, 1st TD, 70% LTV, 8.75% Lender Rate

Previous successful Mortgage Vintage borrowers and real estate investors were seeking a business purpose cash-out 1st TD on this non-owner occupied SFR in Fullerton in Orange County.  Funds from the loan were used to help purchase another investment property. The subject is a ranch style home with 6 rooms and 3 BR/2 BA.  The home…