Funded in Carlsbad! “Owner Occupied” Hard Money 2nd TD: $145,500, 69.97% CLTV, Cash-out, 9.50% Lender Rate

Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Carlsbad.  Funds from our loan were used to payoff an existing 2nd and to purchase a nail salon. The subject property is a traditional style SFR located in Carlsbad in San Diego County.  The two-story home is 2,104 SF…

Closed! “Owner Occupied” Hard Money Loan: $150,000, 2nd TD, 54.17% CLTV, 10.25% Lender Rate, Ojai, CA

Successful business owner was seeking a business purpose cash-out 2nd TD on this beautiful Ojai SFR in Santa Barbara County.  Funds from our new Mortgage Vintage loan were used to invest back into the borrower’s financial company for working capital. The home is a completely remodeled contemporary style SFR with beautiful mountain views.  The subject…