Real estate investor was seeking a cash-out 1st TD on this free-and-clear San Diego investment property. The borrower inherited this property from his mom and intends to remodel the home, and, in turn, garner maximum rental income via Airbnb.com. Currently the subject is a single-story SFR with 1,350 SF of living space and 7 total…
Borrowers, real estate investors and business owners were seeking a cash-out 2nd TD on this El Cajon property to help fund their real estate investment business. The subject is a ranch style SFR located in San Diego County. The home is 1,225 sf with 6 total rooms and 3 BR/2 BA. The home is single…
Previous Mortgage Vintage borrower and on-time payer was seeking a cash-out 2nd TD on this mixed-used property in Orange, CA. Funds were used as working capital for borrower’s construction company, which is operated out of the SFR of the subject. The subject is a mixed use property with SFR and commercial buildings. The subject property…
Real estate investor was seeking a rate and term refinance (no cash-out) 2nd TD on this non-owner occupied SFR in Orange County to payoff an existing 2nd mortgage. The subject property is a ranch style SFR situated on a large 7,480 SF lot in La Habra, CA. The home is 1,546 SF with 7 total rooms…
Real Estate Investor and Rehabber was looking for a business purpose cash-out to payoff current maturing 1st TD. Subject Property is a Single Family Manufactured Home built in 1998 with 3 bedrooms, 2 full baths and 1,512 square feet of living space. Manufactured Home has permanent foundation permit (Form 433A) and is sitting on a…
I recently teamed up with Joe Tyrrell, EVP at Ellie Mae, to speak at the California Mortgage Association Conference in Las Vegas. Joe and I discussed “Understanding the Digital Mortgage” from the Hard Money Lender (HML) perspective. This is an important topic and it will be broken up into two parts. This month we will…
Borrower and real estate investor was seeking a cash-out 2nd TD on this non-owner occupied 3-unit investment property in LA County. Proceeds from this loan were used to make improvements to the same property. The subject is a traditional style 3-unit property situated on a large 12,281 SF lot in Bell Gardens, CA. The property itself…
Borrower and real estate investor was seeking a cash-out 2nd TD on this 16-unit multi-family property in San Diego County. Proceeds from this loan were used to finish updating the units to allow for maximum rental income. The subject is a 16-unit apartment building in National City, CA. The apartment mix is made up of 10…
Real estate investors were seeking a 1st TD to purchase this beautiful Rancho Mirage home. Property will be used as a furnished vacation rental. The subject is a Spanish style single story residence in the gated Mira Vista neighborhood of Rancho Mirage. The home measures 2,332 sf of gross living area and is situated on…
Experienced Real estate investors and developers were seeking a business purpose purchase loan on these 5 parcels which include 3 SFR’s and 2 Vacant Lots. Borrower plans to build a 5,000 s.f. medical building on 3 of the contiguous parcels. Borrowers have a “Tenant In Tow” that plan to sign a lease on the newly…
Real Estate Investor, General Contractor and Architect was looking for a business purpose cash-out 1st TD to complete plans and develop hillside property into a 78 unit apartment complex in the Baldwin Hills area of Los Angeles. Borrower’s exit strategy was to obtain a Take-Out construction loan to complete development. Subject View Property is a…
Real estate investor was seeking a cash-out 2nd TD on this non-owner occupied SFR in Riverside County. Proceeds from this loan were used to make improvements to the same property. The subject property is a contemporary style SFR situated on a large 7,405 SF lot in Menifee, CA. The property is 3,453 SF with 14 total…
Long-time building owners and retired business owners were seeking a business purpose cash out 1st TD to refinance the existing conventional 1st and 2nd TDs, payoff other debts and made some improvements to this Newport Beach mixed use property. Subject property is a two story 3,610 s.f. mixed use commercial building. Owner lives on the…
Self-employed and long-time business owner was seeking a cash-out 2nd TD on this beautiful owner-occupied property in Los Angeles county. Proceeds from this loan were used to invest into borrower’s business. The subject property is a unique SFR featuring a main house, guest house, storage units and horse stables. The main house is over 4,000 SF…
Borrowers, real estate investors and long-time business owners were seeking a cash-out 2nd TD on this Orange County SFR. Proceeds from this loan were used to help finish construction on a new house being built in Turtle Rock, Irvine by the borrower’s construction company. This will be the third home built by the borrower in…
Real estate investor and long time business owner was seeking a cash-out 1st TD on this beautiful San Luis Obispo property to invest back into his contractors’ business. The subject property is a farmhouse style 2-story SFR with 9 total rooms, 3 bedrooms / 2.5 baths and is situated on 35 wooded acres. The home…
Real estate investor and 30-year FedEx employee was seeking a cash-out 1st TD on this LA non-owner occupied investment property to make improvements and updates to the same property. Property is a 2-story, 3 bedroom / 1.5 bath SFR located in Leimert Park neighborhood of Los Angeles. The property measures 1,671 sf of gross living…
Borrower and real estate investor was seeking a cash-out 2nd TD to make home improvements to the subject property. The subject property is located in the Avalon Gardens neighborhood of Los Angeles. The single-story home sits on a 5,030 sqft lot and comprises 3 bedrooms and 1 bath with 898 sqft. The property is conveniently…
Borrower and real estate investor was seeking a cash-out 1st TD on this non-owner occupied property to make improvements to the same property. Property is a traditional 1-story duplex located in Rosemead in LA County. The subject property is zoned as a 2-unit but currently being used as SFR. The home is 1,320 sqft and…
Real estate investor and long-time auto manufacturer was the majority Tenant at this commercial property. Borrower joined forces with 2 partners for this purchase opportunity and once the purchase of the subject property was complete, the plans were to supplement the existing auto storage and auto assembly with auto manufacturing at the subject property. Borrower…
Long-time business owner was seeking a new 1st TD to payoff an existing hard money 1st on this owner occupied property as well as cash-out for his business. Property is a contemporary 2-story SFR in Martinez, CA in Contra Costa County. The subject is 1,686 sqft and sits on a lot measuring 2,720 sqft. The…
Real estate investors were seeking a 1ST TD to purchase this Gardena home from a family member. Our subject property is a ranch- style SFR built in 1939 and sits on a large 8,135 SF lot. The subject has 1,360 sqft of living space with 3 bedrooms, 1 bath and 2-car detached garage. The home…
What are the current opportunities in ADU Lending? New California laws effective in 2017 and 2018 provide clarification and fee assistance for the creation of ADUs. These new regulations clarify and improve various provisions of the law to promote the development of ADUs, including allowing ADUs to be built concurrently with a single-family home, opening…
Real Estate Investor was looking for a cash-out 1st TD on this investment property to make improvements and repairs to the same home. The subject property is a 1-story bungalow style property consisting of 976 s.f. on a 7,750 s.f. lot in Anaheim. Subject property has 5 total rooms with 2 BR and 1 BA. …
773 fico score borrower, previous successful Mortgage Vintage borrower, real estate investor and experienced “fix & flipper” was seeking a business purpose 1st TD to purchase this prime fix & flip opportunity in Orange County. Property is a traditional 1-story, 2 bdrm/1ba SFR located in Santa Ana. The Property measures 797 sf of gross living…
703 and 666 Fico score real estate investors and business owners were seeking a 1st TD to purchase this non-owner occupied SFR in Bonsall, CA. Bonsall is an agricultural, horse and grape growing community located in North San Diego County. Our subject property is a ranch-style SFR built in 1977 and sits on a Bonsall…
Real estate investor and long-time employee with the same company was seeking a new 1st TD on this LA County 4-unit non-owner occupied property to refinance the existing 1st TD and make minor repairs and upgrades to the subject property. The subject property is a fully rented 4-unit property in Inglewood. Built in 1950, the…
732 fico score borrower, real estate investor and long-time business owner was seeking a cash-out 2nd TD on this beautiful new Laguna Beach property. Proceeds from this loan were used for ongoing marketing expenses for this same property. Our subject property is a beautiful stunning SFR situated on a corner lot in Laguna Beach. The…
808 credit score real estate investor and long-time business owner was seeking a cash-out 1st TD. Loan proceeds from our Mortgage Vintage loan were used to purchase another investment property. The property is tri-plex located in the Jefferson Park neighborhood of Los Angeles. Property measures 2,490 sf of gross living area and is situated on…
757 fico score borrower was beginning the process of selling his current primary residence in Huntington Beach to acquire a new permanent residence in Costa Mesa. Borrower used loan proceeds to purchase his new residence and will then payoff the loan when he sells his residence in Huntington Beach. The subject property is a single-story…