Business owner and real estate investor asked for a business purpose cash-out 2nd TD on this non owner-occupied duplex in Los Angeles. Funds from the loan were used to payoff an existing 2nd TD. The subject is a well maintained 2 story, 4 BR/3 BA Duplex located in the Echo Park neighborhood of LA. The…
Business owner needed a business purpose cash-out 1st TD on this occupied SFR in Hesperia located in San Bernardino County. Our MVI loan paid-off an existing hard money 1st as well as provide for some cash-out for the borrower to invest back into his Premier Dollar retail store in Victorville, CA. The subject is a…
Real estate investor & business owner was seeking a cash-out 2nd TD to payoff existing business debts and invest back into his company. The subject property is a mixed-use commercial property with 4 buildings totaling 5,782 SF. The main building is a two-story 2,321 SF SFR with an offices and kitchen on the ground floor…
Long-time business owner needed a business purpose cash-out 2nd TD on this Encinitas investment property in San Diego County. Funds from our loan were used to make minor improvements so the borrower can increase rent. Exit strategy from our loan is a conventional refi or a possible sale. The subject is a 3,342 SF split…
Business owner is sought a cash-out 1st TD on this industrial building in Anaheim in Orange County. Proceeds from our loan paid off an existing Union Bank 1st TD Note that is coming due. The borrower owns the building and his successful solar business with two business partners. The subject is a single tenant industrial…
This opportunity was a business purpose cash-out 2nd TD on an owner occupied SFR in Victorville. The borrower owns a non-emergency transportation business and used the proceeds for working capital and to pay off business related debt. The subject property is a ranch style SFR located in the Victorville in San Bernardino County. The single-story…
Business owner and licensed general contractor needed a business purpose cash-out 2nd TD on an owner-occupied property in Berkeley, CA. Funds from our loan were used to payoff an existing 2nd as well as provide cash-out to build an Accessory Dwelling Unit on the property. 100% of the construction budget was Funds Controlled. Subject property…
It’s never been clearer that there’s been a major pivot in the race to achieve the best hard money lending experience. It is clear the Digital Mortgage experience is more important than ever to lenders’ and loan officers’ production, profit and customer satisfaction. I recently joined Brian Boike, VP of Product Management at Simplifile, to…
Repeat, current Mortgage Vintage borrower with several successful transactions with MVI and a highly experienced builder/developer was seeking a business purpose cash-out 1st TD of these two vacant lots with approved plans in Anaheim, Orange County. Funds from our loan will be used to develop the lots into two single family residences with two ADU…
Current Mortgage Vintage borrower and a professional developer sought a cash-out 2nd TD on a non-owner occupied property located in the Balboa Peninsula portion of Newport Beach, Orange County. Proceeds from this loan are being used to complete the construction of the property with $600K being held in Funds Control. At completion, this corner lot…
Borrower and business owner was seeking a business purpose cash-out 1st TD on this owner occupied SFR in Moreno Valley in Riverside County. The MVI loan paid-off an existing private money 1st TD as well as provide cash-out for working capital for the borrower’s business as well as funds for home improvements. The subject is…
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…
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…
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…
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…
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…
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…
Real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR in Mission Viejo in Orange County. Our MVI loan paid off an existing 1st TD and private money 2nd as well as provide cash-out to cure a default on another investment property. The subject is a 2 story contemporary home…
Borrower was seeking a no cash-out 1st TD to refinance this non-owner occupied SFR in Los Angeles. Borrower inherited the property from a family member and needed to payoff a reverse mortgage with our loan. The subject is a traditional style single level home with 5 total rooms consisting of 2 BR/2 BA and a…
Real estate investor sought a cash-out 1st TD on this non-owner occupied SFR in Temecula in Riverside County. Our MVI loan paid off an existing private money 1st TD as well as provided cash-out to make repairs and improvements to the subject property. The subject is a beautiful 2 story Spanish style home with 10…
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…
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…
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…
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.…
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…
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…
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…
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…
Real estate investor is sought a business purpose cash-out 1st TD on this Santa Ana 3-unit investment property to remodel each of the three units and ultimately bring it up to code with the City of Santa Ana Planning & Building Department. The subject is a ranch style triplex located in Santa Ana in Orange…
Real estate investor and long time business owners sought a business purpose cash-out 2nd TD on this non-owner occupied SFRs on one lot in Rancho Cucamonga. Proceeds from our loan will be used to bring in entitlements for what will be the future site of a 17 unit home development. The subject property is a…