A seasoned spanish-speaking real estate couple sought a business-purpose 1st Trust Deed loan to add to their growing rental portfolio. Mortgage Vintage Loan at 65.00% LTV on Purchase Price Value of $895,000 7.00% Annualized Lender Rate 6 Months Guaranteed Interest Loan structured at 59.67% LTV on BPO Value of $975,000 Over $330,000 down payment from…
Contractor/Borrower needed loan term flexibility to decide on his exit strategy. MVI came through with an extra year. $382,000 1st Trust Deed 55% LTV on After Repair Value 8.50% Lender Rate 24-month Loan Term 6 month’s Guaranteed Interest Funds Control This Escondido property was about to hit the market when the borrower and family member…
Contractor/Borrower needed a fast Fix & Flip loan to secure a golden real estate opportunity: $656,250 1st Trust Deed 82% LTV on Purchase Price 66% LTV on ARV Value 9.50% Lender Rate $100k Construction Budget All Cash Offer for $1.305M Borrower Profit: $381,000 This Orinda property was in bad shape but also possessed a great…
Mortgage Vintage, Inc. (MVI) is a direct hard money lender that originates and funds business purpose loans for real estate investors and business owners. Many of our loans are of the Fix & Flip variety where an investor purchases a property in relatively poor condition, and, with our funds in hand from our “80/80 Fix & Flip…
A Los Angeles real estate investor sought a business-purpose 2nd TD cash-out for a duplex rental investment. Mortgage Vintage Loan at 62% CLTV of After Completion Appraised Value Funded loan in less than a week 10% Lender Rate 24 Month Loan Term 100% of the $433,000 placed in Funds Control Originally a modest duplex, this…
Borrower needed a construction loan to add two fully permitted ADUs and complete a duplex renovation in Los Angeles. $460,000 business purpose 2nd TD $430,000 held in Funds Control 62.13% CLTV on appraised value 12.50% lender rate 24 months loan term 6 months guaranteed interest This Los Angeles duplex sat in a prime area just…
Loan Purpose Mortgage Vintage successfully funded a $100,000 business-purpose second trust deed secured by an owner-occupied duplex in the Koreatown/Mid-Wilshire corridor of Los Angeles, California. The long-time property owner, who had held the property for more than 33 years, sought a cash-out refinance to deploy capital toward business-purpose investment activities, including supporting growth initiatives, branding…
Loan Purpose Mortgage Vintage funded a $525,000 business-purpose cash-out refinance secured by a recently renovated single-family residence in Inglewood, Los Angeles County, California. The loan was structured as a first trust deed and was used to retire an existing first trust deed balance, provide working capital, and support the borrower’s ongoing real estate investment activities.…