Loan Purpose Mortgage Vintage funded a $735,000 business-purpose second trust deed loan secured by an owner-occupied multifamily triplex property in the North Park neighborhood of San Diego, California. The loan proceeds were used to complete construction of four permitted accessory dwelling units and required solar improvements at the existing triplex, expanding the property from a…
2-4 unit multifamily properties are one of the most practical and affordable ways to build a long term, successful real estate portfolio in California. A current or soon-to-be Duplex, Triplex, or Fourplex can generate multiple streams of rental income from a single purchase, while still qualifying as residential property under most lending guidelines. For many…
Investor with a 792-credit score develops a high-end, smart-tech home in Rancho Cucamonga, CA. Structured at 55% LTV on $1.138M ARV. 9.50% annualized lender yield. 9 months interest guaranteed, 3 months prepaid. Post-construction, the property is listed at $3,188,000. A savvy real estate investor/builder, boasting an impressive 792 credit score, embarked on a visionary project…
This property’s transformation shows our commitment and our investors’ vision, demonstrating strategic property development. Mortgage Vintage Loan at 60.62% CLTV of after Completion Appraised Value Funded loan in less than a week 9.5 Lender Rate 24 Month Loan Term 100% of the $400,000 loan placed in Funds Control This property began as a duplex rental…
Swiss architect on a California road trip falls in love with the desert & turns a dream & vision into an Airbnb.com reality $300,000 1st Trust Deed 46% LTV on Appraised Value 11.5% Lender Rate 18-month, IO Loan 6 month’s Prepaid Interest Foreign National borrower This remote Pipes Canyon home was all but forgotten, in…
This is what happens when a Broker’s Vision and an Owners’ Willingness come together… LTV on BPO 62.62% 11% Lender Rate 2-Year Interest Only Loan Previous Debt Paid In Full $130k Borrower Profit This San Diego property was inherited by a 15-year employee of the City of San Diego in poor condition, had both a…