Real estate investor/builder was seeking a business purpose construction loan 1st TD on this Rancho Cucamonga permitted and entitled lot that he purchased in Dec. 2019. Funds from our loan were used to payoff an existing lien on the property as well as fund the construction of the approved and permitted project. At completion, the…
What are the 2020 opportunities in ADU lending? This Blog is an update to our Additional Dwelling Unit (ADU) Blog published in Sept. 2018. Many new developments have happened in the last 1½ years relating to ADU’s that influence ADU requirements, development, construction, laws and financing. Recently I organized and spoke on a California…
Previous successful MVI borrower and highly experienced general contractor was seeking a business purpose 1st TD to purchase this SFR in Orinda, CA in Contra Costa County. Upon the close of escrow the borrower then put his 15 years of experience to work to remodel the kitchen, bathrooms, replace the roof and paint the home. …
Real estate investor was seeking a business purpose 2nd TD on this SFR in Rosemead, CA in Los Angeles County. Funds from our loan were used to bring the 1st TD current and invest back into the property in preparation for sale. The subject property is an 1,843 SF ranch style SFR that sits on…
Real estate investor and long-time general contractor was seeking a business purpose purchase loan to Fix & Flip this SFR in Los Angeles. The loan of choice for this scenario was the “MVI 80/80” fix & flip loan where we provide 80% of the purchase price and 80% of the rehab cost all on one…
Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Carlsbad. Funds from our loan were used to payoff an existing 2nd and to purchase a nail salon. The subject property is a traditional style SFR located in Carlsbad in San Diego County. The two-story home is 2,104 SF…
Successful business owner was seeking a business purpose cash-out 2nd TD on this beautiful Ojai SFR in Santa Barbara County. Funds from our new Mortgage Vintage loan were used to invest back into the borrower’s financial company for working capital. The home is a completely remodeled contemporary style SFR with beautiful mountain views. The subject…
Real estate investor was seeking a business purpose cash-out 2nd TD to make improvements to a non-owner occupied SFR investment property in Simi Valley in Ventura County. The subject property is a contemporary style SFR located in Simi Valley in Ventura County. The two-story home is 3,163 SF and sits on a large 10,454 SF…
Real estate investors were seeking a 1st Trust Deed to purchase this Seal Beach SFR as an investment property with the intent to continue the rehab of the property and then either sell the property or conventionally refinance as a rental property once the rehab is complete. The Borrowers entered into a Lease Option Agreement…
Long-time business owner was seeking a business purpose 1st TD to purchase this commercial shopping center in Lompoc, CA in Santa Barbara County. The borrower has been acting as the property manager of this property since 2015 and is now exercising his right to purchase the property for $1.2M under a Lease Option to Buy…
Long-time business owner was seeking a business purpose 2nd TD on this SFR home in Huntington Beach in Orange County. Our new loan paid-off an existing 2nd TD used for business related expenses to the borrower’s IT Consulting company, as well as a tax lien. There is no cash-out to the borrower – all payoffs…
Real estate investor, business owner and current MVI borrower sought a rate and term refinance (no cash-out) of his current business purpose 1st TD on a commercial building in San Clemente in Orange County. Funds from the loan were used to payoff a Mortgage Vintage 1st TD that was performing and matured on 10/1/19. The…
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 owner occupied SFR in Hesperia located in San Bernardino County. Our MVI loan paid-off an existing hard money 1st as well as cash-out for the borrower to invest back into his Premier Dollar retail store in Victorville, CA. The subject was a well-maintained 1,504…
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 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 building…
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…