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Recent Transaction in Pasadena, CA – Business Purpose Purchase
Pasadena, CA Download $2.08 Mil 1st Trust Deed Funded – Pasadena CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $2,080,000 Appraised Value $3.20Mil Occup Non-Owner Occ. Lender Rate 10.75% LTV on Purchase Price 75.17% Loan Type Business Purpose Purchase Amortization Interest Only Due in 18 mos. Guaranteed…
Recent Transaction in Tustin, CA – Business Purpose Purchase
Tustin, CA Download $981,750 1st Trust Deed Funded, Tustin, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $981,750 Appraised Value $1,305,900 Occup Non-Owner Occ. Lender Rate 9.50% LTV on Purchase Price 75.17% Loan Type Business Purpose Purchase Amortization Interest Only Due in3 years Guaranteed Interest 6 months …
2015 – The Year in Review
Happy New Year. We had an amazing 2015 and I want to thank each and every one of you for your support of Mortgage Vintage and CrowdTrustDeed. We experienced solid growth and results in our Hard Money Loan and Trust Deed Investment businesses’. Our message resonates with borrowers and lenders and we continue to build…
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Recent Transaction in Palm Desert – 2nd Business Purpose Cash-Out
Palm Desert, CA Download Recent Transaction – 2nd TD Cash-Out Commercial Loan Funded – Palm Desert, CA Property / Loan Information Property Type Commercial Building Lien Position 2nd TD Loan Amount $320,000 Appraised Value $3.78Mil Occup Non-Owner Occ. Lender Rate 12.75% CLTV on Appraised Value 50.50% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 2 years Guaranteed…
Recent Transaction in Perris – Cash-Out Construction Loan
Perris, CA Download Recent Transaction – $150k Construction Loan Funded – Perris CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $150,000 ARV Value $255,000 Occup Non-Owner Occ. Lender Rate 11.00% LTV on ARV Value 58.82% Loan Type Cash-Out Construction Loan Amortization Interest Only Due in 2 years Guaranteed Interest 6 months …
Recent Transaction in Perris – Cash-Out Construction Loan
Perris, CA Download Recent Transaction – Construction Loan Funded – $95k Perris CA Property / Loan Information Property Type Vacant Land Lien Position 1st TD Loan Amount $95,000 Estimated Value $220,000 Occup Non-Owner Occ. Lender Rate 10.00% LTV on Est. Value 43.18% Loan Type Cash-Out Construction Loan Amortization Interest Only Due in 2 years Guaranteed Interest 6 months …
Air and Attitude
Why is California the place you want to be? Go West Young Man/Woman! Our Fathers, Settlers, Adventurers, Immigrants, acted on this battle cry and moved west to California. We all know about the weather, but why else do residents put up with California’s housing prices, taxes, traffic and liberal slant? Why do we choose…
The 48 Hour Hard Money Loan
Can we do a loan in 48 hours? Yes! I received a call at Noon on a Wednesday from Paul. Paul, a Fix and Flipper and Home Builder, had borrowed successfully from Mortgage Vintage before and was now building infill homes. Paul had purchased some land in Orange County and was in the middle…
Recent Transaction in Hawthorne – Business Purpose Cash-Out
Hawthorne, CA Download Recent Transaction – Cash-Out Commercial Loan Funded – Hawthorne, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $470,000 Appraised Value $988,000 Occup Non-Owner Occ. Lender Rate 9.25% LTV on Appraised Value 47.57% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 5 years Guaranteed Interest 6 months …
Recent Transaction in Huntington Beach – Business Purpose 2nd Cash-Out
Huntington Beach, CA Download Recent Transaction – Business Purpose 2nd TD Cash-Out Loan Funded – Huntington Beach, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $185,000 AVM Value $799,000 Occup Non-Owner Occ. Lender Rate 11.00% LTV on AVM Value 53.27% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 12 months Guaranteed…
5 Questions to Ask Yourself Whether to Fix and Flip or Fix and Rent
Fix and Flip or Fix and Rent? Deciding whether to Fix and Flip or Fix and Rent can be a difficult decision. You may be evaluating a purchase or have already put substantial work and money into renovating a property. In either case the question is; sell now, sell in a few years, refinance:…
Recent Transaction in Los Angeles – Business Purpose Cash-Out
Los Angeles, CA Download Recent Transaction – Cash-Out Loan Funded – Brighton Ave, Los Angeles, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $195,000 BPO Value $285,000 Occup Non-Owner Occ. Lender Rate 10.50% LTV on BPO Value 68.42% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36months Guaranteed Interest 6 months …
Recent Transaction in Inglewood – Business Purpose Cash-Out
Inglewood, CA Download Recent Transaction – Cash-Out Loan Funded – Inglewood, CA Property / Loan Information Property Type Duplex Lien Position 1st TD Loan Amount $322,000 Appraised Value $460,000 Occup Non-Owner Occ. Lender Rate 9.00% LTV on AppraisedValue 70.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 months Guaranteed Interest 6 months …
Recent Transaction in Northridge – Fix and Flip Loan
Northridge, CA Download Recent Transaction – Fix and Flip Loan Funded – Northridge, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $520,000 Purchase Price $800,000 Occup Non-Owner Occ. Lender Rate 9.00% LTV on Purchase Price 65.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in 1 year Guaranteed Interest…
Recent Transaction in Los Angeles – Business Purpose Cash-Out
Los Angeles, CA Download Recent Transaction – Business Purpose 2nd TD Cash-Out Loan Funded – Los Angeles, CA Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $600,000 Appraised Value $3.6Mil Occup Owner Occ. Lender Rate 11.75% CLTV on Appraised Value 48.61% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in…
What’s Your Version?
Fix and Flip or Fix and Rent? The new Windows 10 is about to hit the shelves. Wow. What a sometimes frustrating but exciting ride from DOS. The imminent Windows 10 Version made me think about my own personal and professional resets and upgrades and how everyone should enjoy and contemplate their own life…
Recent Transaction in Perris – Business Purpose Cash-Out
Perris, CA Download Recent Transaction – Cash-Out Loan Funded – Perris CA Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $400,000 Appraised Value $2.6Mil Occup Non-Owner Occ. Interest Rate 11.00% LTV on AppraisedValue 15.38% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in12 months Guaranteed Interest 6 months …
Recent Transaction in Huntington Beach – Business Purpose Purchase
Huntington Beach, CA Download Recent Transaction – Business Purpose Purchase – Huntington Beach CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $235,500 Appraised Value $785,000 Occup Non-Owner Occ. Interest Rate 9.00% LTV on AppraisedValue 30.00% Loan Type Business Purpose Purchase Amortization Interest Only Due in12 months Guaranteed Interest 6 months …
Recent Transaction in Calabasas – Business Purpose Cash Out
Calabasas, CA Download Recent Transaction – Cash-Out Loan Funded – CalabasasCA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $600,000 Appraised Value $2.35Mil Occup Owner Occ. Interest Rate 9.00% LTV on AppraisedValue 25.53% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 36 months Guaranteed Interest 6 months …
Recent Transaction in Perris – Construction Loan
Perris, CA Download Recent Transaction – Construction Loan Funded – Perris CA Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $150,000 Appraised Value $255,000 Occup Non-Owner Occ. Interest Rate 11.00% LTV on AppraisedValue 58.82% Loan Type Business Purpose Construction Amortization Interest Only Due in 24 months Guaranteed Interest 6 months …
Trust but Verify
What does it mean to trust but verify during the underwriting process? I enjoy meeting people and I prefer to go through life trusting people when we first shake hands. I always like to assume that people I meet are generally good people. However, these days our motto is and has to be “Trust…
Recent Transaction in Santa Ana – Business Purpose Purchase
Santa Ana, CA Download Recent-Transaction-Business-Purpose-Purchase-Santa-Ana-CA Property / Loan Information Property Type Commercial Lien Position 1st TD Loan Amount $800,000 Appraised Value $1,705,000 Occup Non-Owner Occ. Lender Rate 9.50% LTV on Appraised Value 46.92% Loan Type Business Purpose Purchase Amortization Interest Only Due in 3 years Guaranteed Interest 180 days Loan Scenario: 666…
Recent Transaction in Redondo – Beach Business Purpose Cash-Out Loan
Redondo Beach, CA Download Recent Transaction Cash-Out-Redondo Beach, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $550,000 Appraised Value $855,000 Occup Non-Owner Occ. Interest Rate 8.99% LTV on AppraisedValue 64.32% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in12 months Guaranteed Interest 3 months …
Hard Money Loans: More Art than Science
How is Hard Money underwriting more art than science? High volume Conventional lenders world use Automated Underwriting (AU) engines to determine if a borrower qualifies for a loan. Fannie Mae’s Desktop Underwriter (DU) and Freddie Mac’s Loan Prospector digest reams of quantitative data and spit out the yes or no decision on a residential…
Recent Transaction in Yucca Valley, CA – Cash Out Refinance
Yucca Valley, CA Download Recent Transaction – Cash-Out Commercial Loan Funded – Yucca Valley Property / Loan Information Property Type Commercial Bldg, Retail Lien Position 1st TD Loan Amount $275,000 Est. Value $1,060,000 Occup Non-Owner Occ Note Rate 11% LTV on Est Value 25.94% Loan Type Cash Put Refinance Amortization Interest Only Due in 2 years Guaranteed…
Recent Transaction – Temecula, CA Business Purpose Purchase
Temecula, CA Download Recent Transaction – Business Purpose Purchase – Temecula, CA Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $516,000 Purchase Price $645,.000 Occup Non-Owner Occ. Interest Rate 10.99% LTV on Purchase Price 80% Loan Type Business Purpose Purchase Amortization Interest Only Due in 12 months Guaranteed…