Recent Transaction – $152,750 Business Purpose Cash Out, Lancaster CA Real Estate investor borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to two investment properties and bring property taxes current. Subject property is a single-story, single family residence located in Lancaster, CA. The Property is a traditional style 3 bdrm/2 bath home…
Recent Transaction – $75,000 Business Purpose, Santa Ana, CA Good credit score borrowers were seeking a Business Purpose Cash-Out loan to acquire an Orange County single family residence investment property in Tustin. Front unit has 4 bdrm / 2 ba, back unit has 2 bedrooms and 1 bathroom. There is a studio between the…
Real Estate investor was seeking a business purpose cash-out 2nd TD on this non-owner occupied property to use for real estate investments. Subject Property is a beautiful 2-story, 5 BR / 3 BA traditional style SFR in Hacienda Heights, CA. The home has 3,197 sf of living space and is situated on 42,248 sf, nearly…
Previous and successful Mortgage Vintage borrower and real estate investor was seeking a $59,150 1st mortgage to renovate and update this property in Bakersfield. $20,000 of the loan proceeds will be held back in funds control. After completion of renovation, Borrower intends to sell property. Subject Property is a non-owner occupied single-story, 3 BR / 2…
Good credit Real Estate Investor looking to cash – out to fund continued construction of multiple single family homes for a real estate investment project in Anaheim. Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space. Borrower is an experienced fix and flip investor and developer. Borrower improved…
Good credit, self-employed Borrowers seeking a business purpose cash-out 2nd TD to further grow their medical and urgent care business facilities. Borrowers are previous successful Mortgage Vintage borrowers. Subject Property is a non-owner occupied 2-story, 7 BR / 6 BA Tudor SFR in the Linda Vista neighborhood of Pasadena. The home has 5,463 sqft of…
A good joke is always fun during the Holidays. Have you heard the one about the two people who were about to do a Real Estate Deal? One person had all the money and the other person had all the experience. Well guess what happened after the Deal happened? The person with the money ended…
Real Estate Investor Borrower was seeking a Business Purpose Purchase loan to acquire this investment property. Borrower plans to keep the property as a rental for $2,650/mo. The quality of construction is average for the area. No functional or external inadequacies were apparent. At the time of the inspection there did not appear to be…
Borrowers were seeking a business purpose cash-out refinance 2nd Deed of Trust for this owner-occupied property to invest in his Munoz Direct Push business. The subject property is a SFR with 3 bedrooms, 1 bathroom, 1,450 sf living area, 6446 sf lot size, and was built in 1955. Subject appears in average to good condition overall…
Borrower was seeking a Business Purpose Purchase to acquire this single family residence in Garden Grove as investment property. Subject property is a ranch style 1 story, single family residence located in Garden Grove. The Property is a 4 bdrm/2 bath home that is approximately 1,644 sf. Property has hardwood flooring throughout, two kitchens, and…
Borrowers were seeking a business purpose cash-out refinance for this non-owner occupied rental property to refinance existing loan and make improvements to the property. Borrower has owned the property since 2010. Subject property is a 2 story Single Family Residence located in the historic area of Santa Ana. The home is 1,533 sf with 3…
Borrower was seeking a Business Purpose Purchase to acquire this single family residence in Huntington Beach as an investment property. Subject property is a ranch style 1 story, single family residence located in Huntington Harbour in Huntington Beach, CA. The Property is a 4 bdrm/4.2 bath home that has 5,002 sqft. of living space. Property…
Borrower was seeking a business purpose cash-out on this non-owner occupied rental property to make improvements to the property and to invest in other investment property. Borrower has owned the property since 2006. Subject property is a two story Single Family Residence located in the La Canada Flintridge area of Los Angeles. The home is…
Borrowers were seeking a business purpose cash-out refinance for this non-owner occupied rental property to refinance existing loan and make improvements to the property. Borrower has owned the property since 2009. Subject property is a single level Single Family Residence located in the South Bay area of Carson. The home is 1,452 sf with 4…
Borrowers were seeking this Business Purpose Cash-Out loan to payoff business debt and repair property roof. Borrower has owned the subject property since 2001. Subject is a single story commercial building configured to house 2 tenants one at 1,000 sf and the other is a 3,000 sf suite. The interior build out and design is…
Real estate investor and 18-year employee of the same company was seeking a business purpose cash-out refinance for this non-owner occupied rental property to remodel the kitchen and bathroom. Subject property is a two-level condominium located in the gated complex of Dronfield Villas in Sylmar, a neighborhood located in the San Fernando Valley area of…
How can hard money lenders help someone in need? After graduating from UCLA Allen purchased his dream lot in Malibu in 1984. He purchased a used Motor Home that first paraded to a UCLA vs. Cal football game in Northern California filled with delirious sorority and fraternity members, but then became his temporary home on…
Self-employed Borrower was seeking a business purpose cash-out refinance of this non-owner occupied investment property to invest in new real estate ventures and business opportunities. Subject property is a single-story Single Family Residence located in a prime location of the Century City neighborhood of Los Angeles. The home is a 2 BR / 1 BA…
Son and Mother, Borrower and Co-Borrower, were seeking a Business Purpose Cash-Out to make improvements to the Non-Owner Occupied long time inherited family property and to pay delinquent property taxes. Free and Clear subject property is a 1 story, single family residence located in Compton. The Property is a 3 bdrm/1 bath home that is…
Self-employed Borrower was seeking a Business Purpose Cash-Out Refinance to complete construction of a duplex in Compton. The funds will be used to payoff an existing loan and complete construction. $30,000 was collected for funds control. Borrower has put over $100K into the construction of the property. Subject is 80% complete and will be a…
Self-employed Borrower was seeking a business purpose cash out loan on a non-owner occupied SFR property to make improvements to the property in preparation to sell it. Subject is a 2 story, 5 bdrm/2.0 bath, Single Family Residence located in Downey California just South of the 105 FWY and East of the 710 FWY. The…
Borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to the property with an exit strategy of selling the property. Subject has 2 detached, 1 story, single family residences. The two units were built at two different times. Unit one was built in 1933 and unit two was built in 1972. Unit one…
Self-employed, repeat and successful Mortgage Vintage, Inc. Borrower, was seeking a business purpose cash out loan on multi-family property to purchase apartment building in Pomona. Subject is a 10-Unit Multi-Family Property. The property has 6,500 net rentable area. The property has 2 free standing apartment buildings. Each building is 1-story with average quality class “D”…
Self-employed Borrower with excellent credit was seeking a Business Purpose Cash-Out loan to purchase a commercial building for their food products manufacturing business, Dean Distributors. Company has been in business since 1952 and is moving their headquarters from Vernon to San Bernardino. Subject is a 2 story, single family residence located in Hillsborough, CA. Hillsborough…
Borrower was seeking a Business Purpose Cash-Out loan to complete the improvements to the property. Borrower has owned the property since 2015 and will be using funds to finish construction and improvements and then sell property. Subject is a 1 story, single family residence located in Sylmar. Property is north of the 210 FWY. The…
Self-employed borrower was seeking a Business Purpose Cash-Out loan to invest in machine tools and precision measuring devices for their business located in Orange County. Subject is a tri-level condo located in beautiful Newport Beach, California in the Newport Crest community. The Property measures 1,934 sf of gross living area with 4 bedrooms and 2.5…
Self-employed Borrower was seeking a business purpose cash out loan on an owner occupied SFR property to invest into borrowers business by paying off business debt and investing into marketing programs. Subject is a 2 story, 4 bdrm/4.5 ba Single Family Residence located in the gated community of Torrey Highlands in the Carmel Valley community…
Borrowers were seeking this Business Purpose Cash-Out loan to payoff existing conventional loan and use the remaining proceeds to fixup property. Borrowers have owned the subject property since 1987. Subject is a two bldg. 14,563 s.f., single story retail multi-tenant center located in Modesto. The Property sits on a 42,749 s.f. lot with a 4.7/1,000…
Recent examples of borrowers executing on ideas with their Business Purpose Cash-Out Loan. Home Equity continues to provide fuel for Entrepreneurs and Self Employed borrowers looking to grow their business and make their dreams come true! Why go to Shark Tank, Angel Investors, Venture Capitalists, Crowdfunding, Initial Coin Offerings or other high cost business…
Good credit borrower was seeking this Business Purpose Cash-Out Refi loan to make tenant improvements to this single tenant commercial mixed use property. Ownership of property is held in an LLC. Subject consists of 3 contiguous land parcels which together total 1.18 acres. The 8551 Mission Blvd. building consists of an 8,960 sf industrial bldg.…