Closed! Hard Money Purchase in Santa Ana: $922,000 @ 8.50%, 1st TD, Commercial Building, 83.82% LTV

Brokers, Recent Transactions, Santa Ana

Previously successful Mortgage Vintage Inc. borrowers, real estate investors and business owners sought a 1st TD to purchase this mixed use, non-owner occupied, commercial & residential investment property in Santa Ana, Orange County, CA. Borrowers own several other properties on the same “Main Street” in Santa Ana, CA. This subject property acquisition is an expansion…

Recently Funded Hard Money Loan in Whittier: $341,250 1st TD, 65.00% LTV, Cash-Out, 8.50% Lender Rate

Brokers, Recent Transactions, Whittier

Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA.  Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…