Recent Transaction in Weaverville: $146,250 @ 9.00%, 1st TD, SFR, Cash-Out, 58.50% LTV

Successful business owner/operator of “Trinity Iron Works”, current MVI borrower and real estate investor sought a 1st TD business purpose cash out on this “Free & Clear” SFR in Weaverville, Trinity County, CA. Funds from this loan will go directly towards the purchase of a commercial building real estate acquisition closing soon in escrow. Mortgage…

Closed! Hard Money Loan in Long Beach: $370,000 @ 7.00%, 1st TD, Multi-Family, Cash-Out, 37.00% LTV

Real estate investor, business owner and successful Mortgage Vintage borrower sought a new business purpose cash-out 1st TD refi on this non-owner occupied 3-unit multi-family property in Long Beach in LA County.  The borrowers $210k 1st TD that this loan is paying off is current and has performed perfectly.  Funds from our loan will be…

Recently Funded Hard Money Loan in Garden Grove: $300,000 @ 6.00%, 1st TD, SFR, 35.93% LTV

Successful real estate investors and previous Mortgage Vintage borrowers sought to refinance their existing 1st Trust Deed on this non-owner-occupied Garden Grove, Orange County rental property.  In addition to our new $300k loan, the Borrower is bringing in over $215k cash to close to pay off the existing $515k US Bank 1st Trust Deed. The subject…