Daily Archives: September 14, 2023

Recently Funded Hard Money Loan in Costa Mesa; $230,000 @ 11.00%

Brokers, Costa Mesa, Recent TransactionsBy Sandy MV September 14, 2023

Successful repeat Mortgage Vintage borrower and long-time successful business owner sought a rate/term refinance 2nd TD on this owner-occupied SFR in Costa Mesa, Orange County, CA. Mortgage Vintage originated the current 2nd TD loan for this borrower last year and it has since matured. This new loan will payoff our existing business purpose loan and…

Closed! Hard Money Purchase in Oroville: $198,250 @ 10.25%

Brokers, Oroville, Recent TransactionsBy Sandy MV September 14, 2023

Successful wage earner and real estate investor/flipper sought a short-term 1st TD to purchase this SFR investment property in Oroville, CA, rehab it with her own funds, then upon completion in 6-9 months, list and sell it for a quick profit. The borrower plans to put an estimated amount of $70,000 of upgrades into the…