Santa Fe Springs loan

COMPLETED! HARD MONEY LOAN IN SANTA FE SPRINGS: $120,000 @13.50%, 2nd, Cash Out, SFR, 62.67% CLTV

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Loan Purpose Mortgage Vintage successfully completed a $120,000 second trust deed loan for mother and daughter co-borrowers who utilized the funds for business-purpose working capital and equipment for their commercial supply business. The loan was structured as a 36-month interest-only bridge facility with three months of prepaid interest reserves, providing interim capital while the borrowers…

COMPLETED! HARD MONEY LOAN IN LONG BEACH: $747,500 @11.00%, 1ST, INVESTMENT PROPERTY, SFR, 63.60% CLTV

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Loan Purpose Mortgage Vintage successfully funded a $747,500 rate and term refinance for a real estate investor on their non-owner occupied single-family property in Long Beach’s desirable El Dorado neighborhood. The borrower utilized the loan to pay off an existing $773,000 first trust deed while bringing $80,000 cash to closing. This investment property had been…