COMPLETED! HARD MONEY LOAN IN CORONA: $180,000 @12.50%, 1ST TD, BLANKET, LAND, 53.68% CLTV
Mortgage Vintage funded a $180,000 business-purpose cash-out refinance structured as a blanket first trust deed secured by two Southern California properties: a vacant, multifamily-designated land parcel in San Bernardino County and a residential property with an ADU in Corona, CA. The borrowers, who had previously worked successfully with Mortgage Vintage, sought proceeds to advance pre-development…