Recently Funded Hard Money Loan- Murrieta: $320,500, 2nd TD, 67.0% CLTV, 11.0% Lender Rate

Real estate investor and business owner was seeking a business purpose 2nd TD on this SFR investment property in Murrieta in Riverside County.  Our new loan paid an existing 2nd TD, a Hero lien and minimal cash-out to invest into the borrower’s construction business. The subject property is a beautiful ranch style home located in…

Recently Funded Hard Money Loan- Manhattan Beach: $175,000, 2nd TD, 60.1%CLTV, 11% Lender Rate

Previous successful Mortgage Vintage borrowers, and business owners are seeking a business purpose cash-out 2nd TD on this beautiful Manhattan Beach SFR.  Funds from the Mortgage Vintage loan were used to invest back into borrower’s video production company. The subject property is an SFR located in a prime Manhattan Beach location.  The subject is a…

Recently Funded Hard Money Loan- Fullerton: $402,500, 1st TD, 70% LTV, 8.75% Lender Rate

Previous successful Mortgage Vintage borrowers and real estate investors were seeking a business purpose cash-out 1st TD on this non-owner occupied SFR in Fullerton in Orange County.  Funds from the loan were used to help purchase another investment property. The subject is a ranch style home with 6 rooms and 3 BR/2 BA.  The home…

Recently Funded Hard Money Loan- Santa Ana: $525,000, 1st TD, 60% LTV, 9.75% Lender Rate

Successful Mortgage Vintage borrower, real estate investor and developer was seeking a business purpose cash-out loan to be used to complete construction on a duplex and to invest into a new project. Construction plans for the subject property consisted of completing 2 units with one unit downstairs and one unit upstairs. The downstairs unit will…

Recently Funded Hard Money Loan- Westminster: $300,000 2nd TD, 61.2% CLTV, 10.00% Lender Rate

Mortgage Vintage successful repeat borrowers and estate investors needed a business purpose cash-out 2nd TD on this non-owner occupied 4-unit property in Westminster, CA in Orange County.  The funds were used to purchase another investment property. The subject property is ranch style 4-unit residence in Westminster.  Total SF of the property is 3,336 SF and…

Recently Funded Hard Money Loan- Rosamond, CA, $285,000 1st TD, 60% LTV, 9.75% Lender Rate

Business owner was seeking a 1st TD to purchase a mixed-use commercial property in Rosamond, CA in Kern County.  Borrower planed to expand his business into this property which sits right next to the entrance of the Willow Springs International Raceway. The subject property is a 5,782 SF mixed use commercial property with residential and…

Recently Funded Hard Money Loan – Riverside: $1,000,000, 1st TD, 16.68% LTV, Lender Rate: 13.50%

Experienced Real Estate Investor and successful MVI borrower sought a 2nd TD on two vacant lots with a cross collateral 1st TD combination cash-out loan on one other vacant land parcel.  Each of the three parcels is located in Riverside, CA.  The cash-out will be used for pre-development expenses where the borrower plans to build…

Recently Funded Hard Money Loan – Newport Beach: $430,000, 2nd TD, 65.69% CLTV, Lender Rate: 9.50%

Experienced real estate investor and  business owner sought a cash-out 2nd TD on this non-owner occupied property located in this Balboa Peninsula portion of  Newport Beach, Orange County.  Proceeds from this loan will be used to complete the renovation of the property.  There will be a funds control account established holding $250K. The subject property…

Recently Funded Hard Money Loan – Camarillo: $110,000, 2nd TD, 39.537% LTV, Lender Rate: 9.50%

Borrowers and business owners saught a business purpose cash-out 2nd TD on this owner-occupied Camarillo, CA single family residence to invest back into his Ventura County marina business for minor updates and repairs. The subject property is a beautiful two-story Spanish style home sitting on a 34,871 SF lot.  The home is 3,673 SF with…

Recently Funded Hard Money Loan – Fresno: $1,100,000, 1st TD, 29.73% LTV, Lender Rate: 12.00%

Experienced Assisted Living Facility Operator. Borrower sought a cash-out 1st TD on this Fresno Assisted Living and Memory Care Facility to complete the remodel of the subject property. Borrower has recently secured a new 1st Trust Deed of $700k that paid off a matured 1st TD that was used to purchase the property in Aug.…

Recently Funded Hard Money Loan – Lancaster: $1,000,000, 1st, LTV: 40.82%, Lender Rate: 12.00%

723 credit score borrower, real estate investor and business owner sought a 1st TD to purchase this commercial property in Lancaster, CA in Los Angeles County.  Property is currently rented to a long-time tenant since May 1, 2008.  Tenant signed a new 10-year NNN lease that began on May 1, 2016 and runs thru April…

Recently Funded Hard Money Loan – Bell Gardens: $416,000.00, 1st, LTV: 65.00%, Lender Rate: 10.00%

Real estate investor and business owner sought a business purpose loan to purchase this investment property in Los Angeles County for $640K. The subject is comprised of two SFRs. Unit 6811 is 2bd/1 bath and 1,060 sf. This unit is currently gutted with an estimated cost of $80K to renovate. The rear unit 6809 is…

Recently Funded Hard Money Loan – Santa Ana: $650,000.00, 2nd, CLTV: 25.341%, Lender Rate: 11.00%

Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU.  All three properties are currently in escrow to be sold upon completion of construction. Property 813 N. Figueroa St. will consist of a 2 story SFR…

The Payment is in the Mail and The Dog Ate My Homework

Originating and Servicing Hard Money Loans requires active listening to a Story.  There is typically a reason why the loan is not being funded conventionally.  Each hard money loan’s unique scenario potentially stretches guidelines as oftentimes the loan characteristics don’t fall into a Conventional or Non-QM underwriting box.  Many times, a loan’s wrinkles are legitimate…

Recently Funded Hard Money Bridge Loan – Aguanga, Aliso Viejo, $304,850, 1st and 2nd, CLTV: 89.662%, Lender Rate:10.75%

Retired contractor and full-time senior accountant soughta true Bridge Loan to purchase what will be their new primary residence. Our new loan isa blanket 1stTD on the subject property in Aguanga in Riverside County, and, a 2ndTD on the cross collateralproperty in Aliso Viejo in Orange County. The Aliso Viejo property is currently in escrow…

Recently Funded Hard Money Loan – San Juan Capistrano: $150,000, 2nd TD, 59.12% CLTV, 10.50% Lender Rate

Long-time business owner was seeking a business purpose cash-out 2nd TD on this owner-occupied San Juan Capistrano SFR to invest back into his real estate finance business. The subject property is a beautiful two-story Colonial style 3 BR/4.5 BA SFR located on a cul de sac street in San Juan Capistrano in Orange County. The…

Recently Funded Hard Money Loan – Monrovia: $150,000, 2nd TD, 56.00% CLTV, 10.25% Lender Rate

Long-time business owners were seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Monrovia in LA County. Proceeds from our loan will be used to help open a new location of the borrower’s restaurant business, Puebla Tacos. The subject property is a single level traditional style home sitting on a 6,888…

Recently Funded Hard Money Loan – Los Angeles: $115,000, 2nd TD, 50.55%, 10.00% Lender Rate

Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…

Recently Funded Hard Money Loan – Big Bear : $360,000 1st TD, 36.72% LTV, 10.00% Lender Rate

Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…

Recently Funded Hard Money Loan – Garden Grove: $375,000, 1st TD, 36.44% LTV, 9.00% Lender Rate

Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…

Recently Funded Hard Money Loan – Valley Springs: $217,000, 1st TD, 70.00% LTV, 10.00% Lender Rate

Self-employed borrower was seeking a 1st TD on this non-owner occupied SFR in Valley Springs, Calaveras County.  Borrower owns a construction company and has been in business for 10 years. Borrower purchased the home to fix up and turn into a rental property. Borrower’s down payment will be a gift from their in-laws. The source…

Recently Funded Hard Money Loan – Huntington Beach: $512,000, 2nd TD, 59.85% CLTV, 10.50 % Lender Rate

Borrower and real estate investor was seeking a business purpose 2nd TD on this Huntington Beach 12-unit multi-family property. Borrower is restructuring the 1st TD with Axos Bank and paid off an existing 2nd TD where the Note was coming due. This was a no cash-out refinance. The Axos Bank 1st TD is at 5.29%…