Longtime successful real estate investor sought a business purpose cash-out 2nd TD on this non-owner occupied SFR in San Francisco, CA. Proceeds from our 2nd position loan will be used to do normal ‘wear and tear’ improvements on all his investment properties so that he can maximize rental income. The borrower has a total of…
The purpose of this loan is to finish the build of 3 new ADU units on subject property, increasing its size from a 4 Unit to a 7 Unit residential rental property. Mortgage Vintage had an independent 3rd party conduct a Construction Feasibility Report that confirmed the Funds Control from this loan will complete the ADU…
3x Successful Mortgage Vintage borrowers and 30+ years experienced residential developers sought a 1st TD loan to finish development on this “pre-sold”, SFR property in Apple Valley, San Bernardino County, CA. Borrowers own “Evergreen Homes, LLC” Evergreen Homes (evergreenhomesca.com). Borrowers have already built and sold 55+ SFRs similar to this subject property in this same…
Successful repeat Mortgage Vintage borrowers sought a small 290K 2nd Trust Deed rate and term refinance loan on this owner occupied SFR in the “Turtle Rock” neighborhood of Irvine, Orange County, CA. The purpose of this loan is to refinance out of an existing business purpose 2nd TD with Mortgage Vintage which is current and maturing this…
22 + years as successful real estate investors sought a refinance + 100% Funds Control 1st Trust Deed on this commercial investment property in Palm Springs, Riverside County, CA. The purpose of this loan is for the current building owners to pay off an existing, current and in good standing $796K 1st TD and the balance of…
Successful, previous Mortgage Vintage borrower and experienced “fix & flip” and “fix & rent” real estate investor sought a 1st TD Purchase Loan on this non-owner occupied, SFR investment property in Twentynine Palms, San Bernardino County, CA. Borrower is bringing in $37,500K “skin in the game” cash to close plus investing additional personal funds and…
Successful business owner and real estate investor sought a small 200K 2nd Trust Deed business purpose cash out loan on this Fourplex (4 Unit) investment property near the “Beverlywood” neighborhood of Los Angeles, Los Angeles County, CA. The purpose of this loan is to pay off a current and in good standing 100K HELOC and the…
Very successful real estate investor and multiple businesses owner sought a 1st TD straight rate and term refinance on this non-owner occupied SFR investment property in Bakersfield, Kern County, CA. In addition to this investment property, borrower wholly owns $18M in market value in Schedule of RE portfolio with $10M Net Equity throughout Kern County,…
Borrowers sought a small 125K 2nd Trust Deed business purpose cash out loan on this owner-occupied SFR in Huntington Beach, Orange County, CA. Loan proceeds will be used to finance expanding sales and marketing activities for borrowers’ wholesale building products business that services local small to medium sized developers. The borrowers $498K 1st TD is a…
Longtime successful real estate investor and business owner sought a business purpose cash-out 2nd TD on this non-owner occupied 2-Unit in Woodland Hills, Los Angeles County, CA. Proceeds from our 2nd position loan will be used to expand his business, Homepro Remodeling and Construction, Inc. The property is comprised of a single family residence with…
Real estate investor sought a new business purpose cash-out 1st TD on this family-owned Owner Occupied tri-plex in Bellflower, CA in Los Angeles County. Funds from our loan will be used to allow one sibling to buy out the other two siblings on Title after the death of a parent. The borrower will be bringing…
Borrower sought a $120K 2nd Trust Deed bridge loan on this owner-occupied Condominium in Costa Mesa, Orange County, CA. The purpose of this loan is minor remodeling/updating to subject property (paint, carpet, modern fixtures); the property is currently listed for sale at $680k. The borrower’s small $194K 1st TD is a VA loan, 30 year @…
Successful repeat MVI borrower, 40+ years experienced real estate owner, general contractor and fix & flipper sought a Blanket business purpose cash-out 2nd TD on two SFRs investment properties in Temecula, Riverside County and Pico Rivera, Los Angeles County CA; blanket also includes a 3rd TD on borrower’s primary owner-occupied SFR in Montebello, Los Angeles, CA. All…
Successful real estate investor and experienced business owner sought a 1st TD business purpose cash out refinance on this agricultural investment property in Hayfork, Trinity County, CA. Our loan was used to pay off a current, existing $190,000 1st that is in good standing. The remaining loan proceeds will be used to expand the cannabis grow…
Business owner is seeking a cash-out 2nd TD of this owner occupied SFR in San Bernardino County. Proceeds from this loan will be invested into borrower’s new business. The subject property is a beautiful two-story SFR located in Rialto and sits on a 4,000 sqft lot. The subject property was built in 2008 and has 2,672…
Borrowers sought a business purpose cash-out 2nd TD which will be used to build an ADU in the back of the property. The current 1st TD is conventional 30 year fixed with Wells Fargo, has a $178,000 balance, a 3.25% rate, and is in good standing. The subject property is a traditional 2,149 SF home…
Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied commercial property in Los Angeles. Co-Borrower has a high FICO and is the Borrower’s wife and is a successful Dr. with her own practice in Santa Monica. Los Angeles and has her own Funds from our loan…
20 years + business owner/operator borrower sought a 1st Trust Deed to purchase this commercial and agricultural land subject property in Willows Creek, Humboldt County, CA. Borrower bringing $260K “skin in the game” towards down payment and seller is carrying a 2nd Trust Deed behind our 1st TD. Property appraised for $2.6M and Purchase Price is $2.6M. The…
Successful Mortgage Vintage Borrower, developer, and real estate investor and his partner sought a new business purpose 1st TD construction loan on this free and clear, permitted and entitled parcel in Santa Ana, CA. This funds controlled construction loan will allow the experienced and well known Developer to build a non-owner occupied investment property in…
Business owner sought a business purpose cash-out 2nd TD of this owner occupied SFR in Orange County. Proceeds from this loan will be invested into the borrower’s interior design business. Our subject property is a beautiful two-story SFR located in Newport Coast and sits on a 11,151 sqft lot. The subject was built in 2001 and…
Successful Mortgage Vintage Borrower, business owner, and real estate investor (Fairbrook Communities, LLC) is seeking a Blanket 1st Trust Deed to purchase two well located lots of undeveloped land in Perris and Menifee in Riverside County. The multi-family development entitlements for both properties should be coming within the next 60 days. The borrower tied up…
Business owner and real estate investor is seeking a cash-out 2nd TD of this owner occupied SFR in Riverside County. Proceeds from this loan will be invested into the borrower’s investment business to pay for a build-out at their new office and build an online presence. Borrower entered into a Lease with Option to Buy Agreement…
Successful business owners, real estate investors sought a cash-out 2nd TD Bridge Loan on their investment property in Irvine, Orange County, CA. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new primary residence in Newport Coast, CA. The borrowers are already under contract on this beautiful new home…
(Glenn Goldan, Brock Vandenburg, Mayumi Bowers (Moderator), Sandy MacDougall and Ken Thayer face off at the CMA Summer Conference Mortgage Fund vs. Fractional Trust Deed Debate) The California Mortgage Association (CMA) held its first ever “Debate” at the 2022 Summer Conference in beautiful San Diego. On one side, Team Fund espoused the benefits and opportunities…
Successful business owner and real estate investor sought a 1st Trust Deed to refinance an existing, current and in good standing $1.1M 1st TD and 100% balance of the funds will be placed into Funds Control to complete permanent renovation property improvements on this commercial-industrial building in Long Beach, Los Angeles, CA. Borrower’s total personal “skin in…
Real estate investor sought a business purpose cash-out refinance on this SFR & AG investment property in Mendocino County, CA. The purpose of this loan is to pay-off an existing, current and in good standing small 130K 1st TD; the balance of funds will be applied towards minor property improvements. Exit strategy: refinance. The subject property…
Successful business owner and real estate investor sought a business purpose cash out 2nd TD on this owner occupied SFR in Dublin, Alameda County, CA. Borrower’s current and in good standing on his conventional 1st TD. The balance is at $1,487,000 and has an interest rate of 3.99%. Funds from our loan will be used…
Business owner and real estate investor sought a cash-out 2nd TD of this non-owner occupied two unit residential property in Orange County. Proceeds from this loan will be used to complete work at the property. Our subject property is recorded with the County as a Single Family Residence. However, the property has been divided into a…
Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Atwater, CA in Merced County. Funds from our loan will be used to invest into the Borrower’s restaurant (Tequila Restaurant) as well as for making improvements to the same property. Borrower’s Restaurant was impacted…
Successful Mortgage Vintage Borrowers and real estate investor sought a new business purpose purchase 1st TD on this non-owner occupied investment property in Placentia, CA in Orange County. Funds from our loan will be used to purchase the subject property The subject property is 1,440 SF ranch style SFR sitting on a 7,500 SF lot. …