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. …
Successful repeat MVI borrower and real estate investor seeking a business purpose 1st TD on this non-owner occupied, 3-unit in Los Angeles, CA. The funds from our loan will be used to refinance the subject property. The exit strategy is to do a conventional refinance within the next 24 months. The subject is a well…
Previous successful MVI borrower, business owner and real estate investor is seeking a cash-out 2nd TD of this Non-owner occupied SFR in Orange County. Proceeds from this loan will be invested to purchase an investment property. Our subject property is a beautiful single-story SFR located in Placentia and sits on a 7,280 sqft lot. The subject was built…
Long-time successful business owner seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Costa Mesa, Orange County, CA. Funds from our loan will be used as capital investment into their company, Environmental Water Management. The company suffered some small setbacks because of COVID, but our loan proceeds will be used to…
Successful business owners and real estate investors sought a business purpose cash-out 2nd TD on this owner occupied SFR in Dana Point, Orange County, CA. The funds from our loan will be invested into their business, Sidewinder Manager, LLC, which owns a 300 acre parcel of land on the East coast. The plan is to…
Borrowers and business owners sought a cash-out 2nd TD of this owner-occupied SFR in San Diego County. Proceeds from this loan will be used to complete the construction of an office add-on to the existing home. Our subject property is a beautiful one-story SFR located in San Diego and sits on an 18,361 sqft lot. The…
Successful real estate Investor and her Nephew, who is an employed Plumber, sought a business purpose cash-out refinance 1st TD on this non-owner occupied family legacy SFR in Los Osos, San Luis Obispo County, CA. Due to COVID, the tenants in the property fell behind on rent payments which in turn had the same effect…
Successful, repeat Mortgage Vintage borrower and business owner sought a business purpose cash out loan on this owner occupied, lakefront SFR in Lake Forest, Orange County, CA. Borrower’s current and in good standing 1st TD is $665K at an 8.99% interest only rate. Exit strategy: conventional refinance. The subject property is a contemporary style, two…
Borrowers sought a 2nd TD bridge loan on their primary residence in Los Gatos, CA. The funds from our loan will be used to make several improvements to the property prior to selling. The couple plans to move to Sacramento to be closer to their grown Children and Grandchildren. They already have a Listing agreement…
Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied investment property in Antioch, CA in Contra Costa County. Funds from our loan will be used to payoff an existing matured 1st Trust Deed. The subject property is 1,406 SF ranch style SFR sitting on a 6,930…
Successful Mortgage Vintage borrower, real estate investor and developer sought a cash-out 2nd TD on this non-owner occupied 3-unit investment property in Orange County. Proceeds from the loan will be used to complete construction of the triplex. Until recently, the subject was a 1,471 Sq Ft Single Family Residence. The funds from our loan will be…
Successful business owner sought a cash-out 2nd TD of this owner occupied SFR in Riverside County. Proceeds from this loan will be used for the investment into a pizzeria franchise and to purchase equipment for the business. Our subject property is a beautiful two-story SFR located in Beaumont and sits on a 7,405 sqft lot. The…