Loan Purpose Mortgage Vintage funded a $735,000 business-purpose rate and term refinance secured by an owner-occupied single-family residence on a desirable cul-de-sac in Yorba Linda, Orange County, California. The loan proceeds were used to retire an existing high-interest business loan, with no cash-out to the borrowers. The borrowers, who own and operate a catering business,…
Loan Purpose Mortgage Vintage funded a $1,200,000 first trust deed cash-out refinance secured by a fully occupied mixed-use commercial and residential investment property in the Lincoln Park area of San Diego, California. The borrower, a real estate investor and business owner, used the loan proceeds to retire an existing first trust deed of $765,000 that…
Loan Purpose Mortgage Vintage successfully funded a $386,000 blanket 2nd Trust Deed as a rate and term refinance — no cash out — secured by two non-owner-occupied investment single-family residences located in Temecula, Riverside County and Pico Rivera, Los Angeles County, California. The purpose of this loan was to retire an existing, performing 2nd TD…
Loan Purpose Mortgage Vintage successfully funded a blanket second trust deed cash-out loan totaling $334,640, secured by three non-owner-occupied duplexes in Los Angeles, California. The borrower, an experienced real estate investor and repeat Mortgage Vintage client, used the loan proceeds to support business-purpose investment activities within an existing real estate portfolio. The loan was originated…
Loan Purpose Mortgage Vintage funded an $850,000 first trust deed secured by three vacant land parcels in the Ladera Heights neighborhood of Los Angeles, California. The borrower, a returning Mortgage Vintage client with a proven track record, sought a business-purpose cash-out refinance to retire an existing first trust deed and redeploy equity into business-purpose investment…
Loan Purpose Mortgage Vintage funded a $465,000 business-purpose construction loan secured by a single-family residence undergoing a substantial renovation and addition in Los Angeles, Los Angeles County, California. The borrowers, carrying strong FICO scores of 807 and 776, sought financing to support an active residential redevelopment project with clearly defined business-purpose investment objectives. Of the…
Loan Purpose Mortgage Vintage funded a $330,000 first trust deed cash-out loan secured by two adjoining vacant residential land parcels in the Sunland neighborhood of Los Angeles County, California. The borrowers, who carried strong FICO scores of 793 and 644, used a portion of the loan proceeds to resolve a partnership interest through escrow, while…
Loan Purpose Mortgage Vintage funded a $2,300,000 second trust deed cash-out refinance secured by a non-owner-occupied single-family residence in the prestigious gated Royal Oaks Colony community in Encino, Los Angeles County, California. The borrower, a long-established Southern California endodontist with nearly five decades of professional practice, sought this business-purpose loan to retire an existing second…
Loan Purpose Mortgage Vintage funded a $737,000 first trust deed cash-out loan on a free-and-clear commercial investment property located just two blocks from the world-famous El Paseo shopping district in Palm Desert, California, directly on high-traffic Highway 111. The borrower, a highly successful entrepreneur and seasoned real estate investor with a documented net worth of…
Loan Purpose Mortgage Vintage funded a $128,000 business-purpose cash-out refinance secured by a fourplex multifamily property in Hawthorne, Los Angeles County, California. The borrower, an owner-occupant residing in one of the four units, sought a second trust deed to retire a small existing junior lien, fund minor improvements to the three occupied rental units, and…
Loan Purpose Mortgage Vintage successfully funded a $3,300,000 business-purpose cash-out second trust deed loan secured by a privately gated luxury estate in Montecito, Santa Barbara County, California. The borrowers were established high-net-worth individuals with strong credit profiles — FICO scores of 781 and 743 — who held approximately $7.18 million in a major wealth management…
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.…
Loan Purpose Mortgage Vintage successfully funded a $400,000 business-purpose cash-out loan secured by a first trust deed on a luxury condominium located in the prestigious Century Park East community of Century City, Los Angeles County, California. The borrower had recently acquired the property and sought financing to support business-purpose investment activities while completing an extensive…
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…
Loan Purpose Mortgage Vintage funded a $180,000 business-purpose cash-out second trust deed on a non-owner-occupied single-family residence in Fountain Valley, Orange County, California. The borrower sought this business-purpose cash-out loan to finance property improvement activities designed to increase the home’s marketability and resale value ahead of a planned fix-and-flip sale. The borrower had acquired the…
Loan Purpose Mortgage Vintage successfully funded a $1,950,000 business-purpose first trust deed on a non-owner-occupied Spanish-style single-family residence with a detached accessory dwelling unit (ADU) situated in the Beverly Grove / West Hollywood neighborhood of Los Angeles, California. The Beverly Grove West Hollywood loan was structured as a rate-and-term refinance combined with a funds control…
Loan Purpose Mortgage Vintage successfully funded a $1,105,000 business-purpose cash-out refinance secured by a first trust deed on a non-owner occupied single-family residence in Alhambra, Los Angeles County, California. The borrower, an experienced real estate investor with a 687 FICO score and approximately $400,000 in verified cash reserves, used the proceeds to retire an existing…
Loan Purpose Mortgage Vintage successfully funded a $200,000 second trust deed business-purpose cash-out bridge loan secured by a non-owner-occupied, two-story multi-tenant commercial office and retail property located in an established business corridor in El Dorado Hills, California. The borrower sought this El Dorado Hills commercial loan to support general working capital, maintain portfolio reserves, cover…
Loan Purpose Mortgage Vintage successfully funded a $500,000 first trust deed for an experienced real estate developer seeking temporary liquidity for business-purpose investment activities. The borrower, who had over 40 years of experience in residential, commercial, hospitality, and mixed-use developments, required cash-out financing while completing entitlement approvals and preparing for permanent development financing. The borrower…
Loan Purpose Mortgage Vintage successfully funded a $120,000 business-purpose cash-out bridge loan secured by a second trust deed on a single-family residence in Santa Fe Springs, California. The mother and daughter co-borrowers utilized the loan proceeds for business-purpose working capital and equipment to support their telecommunications supply business operations. This business-purpose cash-out financing was structured…
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…
Loan Purpose Mortgage Vintage successfully funded a $220,000 business-purpose cash-out loan secured by a second trust deed on a single-family residence in Hacienda Heights, California. The borrower utilized the loan proceeds for business-purpose investment activities. The loan was structured as business-purpose financing and was fully collateralized by the subject property, providing liquidity for the borrower’s…