Done Deal! Hard Money Loan: $650,000 1st TD, Cash-Out, 26.53% LYV, SFR, 7.50% Lender Rate

Very experienced Builder, business owner and real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR investment property in Malibu, Los Angeles County, CA. Borrower will use funds from this loan to invest in a new business opportunity. The remaining construction on this subject property will be completed in less…

Closed! Hard Money Loan in Downey: $50,000, 2nd TD, 46.15% CLTV, Cash-Out, 10.00% Lender Rate

Existing and successful Mortgage Vintage borrower is seeking a 2nd TD business purpose cash-out on this SFR investment property in Downey, Los Angeles County, CA.  Funds will be used to start the demolition of the existing SFR structure. Borrower plans to build a new SFR on the property. Mortgage Vintage holds the current $340,000 1st…

Recent Transaction in Lancaster: $195,000, 1st TD, Cash-Out, 65.00% LTV, SFR, 10.00% Lender Rate

Co-Borrower and long time Real Estate Investor and business owner is co-signing with Borrower who sought a Business Purpose Cash-Out Refinance on this Owner Occupied SFR to payoff an existing matured business purpose 1st position loan.  Any excess loan proceeds will be used to make repairs to the property.  Borrower had good payment record on…