Real estate investor is sought a 1st TD Cash-Out Refinance loan on this non-owner occupied SFR investment property in Lake Arrowhead, San Bernardino County, CA. Funds from our loan will be used to pay-off an existing HELOC lien and balance of funds will be used to complete interior property renovations. The subject property is a…
Owners/operators of a Construction & Development company are sought a business purpose 1st TD loan on these 3 Commercial buildings in Indio, CA. Borrowers are currently underway converting these Commercial buildings into to a single-tenant private Charter school. Funds from our loan will be used to pay off the existing $1,150,000k purchase loan on the…
Successful real estate investors and previous Mortgage Vintage Borrowers are seeking a 1st TD Refinance loan on this non-owner occupied Duplex rental property in Fullerton, Orange County, CA. Borrower is taking cash-out of a 22 Unit Apartment Building they own free and clear in Anaheim and is using those cash out proceeds to pay down…
Successful real estate investors and previous Mortgage Vintage Borrowers are seeking a 1st TD Refinance loan on this non-owner occupied SFR rental property in Anaheim, Orange County, CA. Borrower is taking cash-out of a 22 Unit Apartment Building they own free and clear in Anaheim and is using those cash out proceeds to pay down…
Successful real estate investors and previous Mortgage Vintage Borrowers are seeking a 1st TD Refinance loan on this non-owner occupied SFR rental property in Anaheim, Orange County, CA. The subject property is a two story SFR with 1,967 SF of rentable living space sitting on a 6,098 SF lot. The subject property has 4 Bedrooms…
Trust Deed Investments and the secured, equity protected, non-correlated monthly cash flow should create peaceful and blissful sleep filled nights. Sometimes, however, I wake up at 3 in the morning wondering about this hard money lending business and our loan originations. Usually, these sleepless encounters result from an upcoming decision or circumstance that causes angst. …
Experienced real estate investor, developer and existing Mortgage Vintage borrower sought a Blanket 1st TD on these two SFR investment properties in in Costa Mesa, CA. Funds from our loan will be used to pay-off higher interest rate TD’s on subject properties and provide cash-out to finish construction. We will be paying off a $2.3…
Successful business owners sought a business purpose cash-out 1st TD on this “free & clear”, owner-occupied, SFR in Malibu, CA. The funds from our loan are being used to expand borrowers current business Greenrock Life Group, LLC. This company provides a life settlement marketplace to individual investors. The subject property has been in the family…
Real estate investor, previous Mortgage Vintage borrower and experienced Fix & Flip general contractor is sought a business purpose loan to purchase this prime fix & flip opportunity in Orinda, Contra Costa County, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Orinda’s desirable Ivy Drive neighborhood. The 1,572 SF home is situated on…
Experienced real estate investor and Licensed General Contractor sought a business purpose 1st TD to purchase and “Fix and Rent” this investment property Triplex in Los Angeles, CA. Upon the close of escrow the borrower will immediately begin remodeling Triplex then refinance the property into a conventional loan. The borrower only sought purchase money, he…
Successful real estate investors and previous Mortgage Vintage Borrowers are sought a business purpose cash-out 1st TD on this “Free & Clear”, NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used to pay down loan amounts on 3 other real estate investment properties borrowers own…
Successful business owner is sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The majority of the loan proceeds will be used to support the expansion of the borrower’s growing Telemedicine business “Pioneer Technologies Solutions” and the balance of the funds will be held in funds…
Experienced real estate developer and investor sought a business purpose cash-out 1st TD on this non-owner occupied, vacant land in Penn Valley, CA. Funds from our loan were used to payoff a small existing 127k 1st TD. Additional cash-out will be applied to the development of Retirement & Affordable Housing units on this subject property…
Confused on how Fractional Trust Deed Investing works? Learn the basics below: The Law: A Fractional Trust Deed Investment is a transaction that pools together investor money to jointly lend on a California property with a compliant loan purpose. “Fractionalized” Promissory Notes and Deeds of Trust, when negotiated by a Mortgage Loan Broker (MLB),…
Real Estate Investor and previous Mortgage Vintage borrower sought a cash-out refinance 1st TD on this “free and clear” mixed use office/residential condominium property in Santa Ana, CA in Orange County. The property is currently, and has since inception, being used as the Headquarters for Caboraca Investments, Inc. which is a Real Estate Brokerage and…
Real estate investor sought a cash-out refinance 1st TD on this SFR non-owner occupied rental property in Compton, CA in Los Angeles County. Funds from our loan will be used to payoff existing 1st and additional cash-out used to make minor upgrades to subject property. The subject property is 1,182 SF bungalow style SFR sitting…
Real estate investor and registered nurse sought a 1st TD to purchase this Lake Hughes non-owner investment property. Property is a 6 unit apartment development. The subject property consists of five detached cottage-styled units and a detached single family residence. There is a detached community laundry room. The property contains a total of 1,608 sf…
Experienced real estate investor and local Laguna Beach Realtor sought a cash-out refinance 1st TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to payoff existing 1st and 2nd liens, additional small amount of cash-out will be used to make minor…
The subject property is a concrete tilt up, Class “B” 17,281 SF single-story industrial building on 1.03 acres located in Santa’s Ana’s “Green Zone”. The property is well located near the 405 & 55 freeways just off of Harbor Blvd. There are currently two units: front retail and back warehouse. The site has 28 parking…
Business owner and real estate investor is sought a cash-out 2nd TD of this owner occupied SFR in Riverside County. Borrower plans to use the loan proceeds to invest into the borrower’s body lotion and soap business, Organic Heaven. Our subject property is a beautiful custom built two-story SFR located in Riverside and sits on a…
Current MVI borrower and real estate investor developer is sought a business purpose refinance 1st TD on this residential lot in the Newport Heights neighborhood of Eastside Costa Mesa, Orange County. Funds from our loan will be used to consolidate and payoff an existing 1st TD and 2nd TD and provide funds controlled construction funds…
Previous successful Mortgage Vintage borrower and real estate investor/General Contractor builders sought a business purpose construction loan 1st TD on this Perris, CA lot that was purchased in May, 2018. Borrowers successfully acquired permits and entitlements to build this SFR. Funds from our loan are being used to payoff an existing seller carry back lien…
Real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Los Angeles, CA in Los Angeles County. Funds from our loan will be used to payoff an existing 1st and additional cash-out to make minor improvements to the subject property. The subject property is 1,115 SF contemporary…
Borrower is an experienced real estate investor who sought a business purpose 1st TD to purchase this SFR in Sacramento. The borrower currently makes $5,000 monthly from Airbnb rentals and the estimated rental income for the subject property is $1,710/month, which will more than cover the monthly mortgage payment. The Purchase Price of the property…
Real estate investor is sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Suisun City in Solano County. Funds from our loan will be used to payoff an existing 1st and a 2nd TD which is in default. The borrower suffered a broken back in a car accident and…
Elections matter and votes for our current Sacramento elected officials have consequences. My last Blog discussed AB 2501 which was a proposed Foreclosure Law that would create moratoriums on Foreclosures. Our voices, calls, letters and emails to elected officials quelled AB 2501, however the Super Majority in Sacramento took many of those same destructive ideas and passed…
A previous successful MVI borrower, Flipper, real estate investor and successful general contractor that sought a business purpose 1st TD to purchase this SFR in Orinda, CA in Contra Costa County. Upon the close of escrow the borrower put his 15 years of experience to work to add 900 SF to the home by building…
Real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Burbank in LA County. Funds from our loan will be used to payoff an existing 1st and a 2nd TD which is in default. The borrower lost his job last year and fell behind in payments, and…
Borrowers were outstanding previous Mortgage Vintage borrowers with 10 successful loans and 7 paid off, sought a 1st TD to help complete the purchase of this 14-unit multi-family property in Anaheim in Orange County. The borrowers have a high level of real estate investment experience in and around the Orange County area covering both residential…
What does it mean to be short to close? Property sellers, brokers and borrowers cringe when they hear the phrase, “Short to Close”. This Escrow alarm sent out to all stakeholders in the transaction means that the loan amount is not sufficient to cover all the costs necessary to close the loan transaction. Unfortunately, the…