Closed! Hard Money Purchase in Santa Ana: $922,000 @ 8.50%, 1st TD, Commercial Building, 83.82% LTV

Previously successful Mortgage Vintage Inc. borrowers, real estate investors and business owners sought a 1st TD to purchase this mixed use, non-owner occupied, commercial & residential investment property in Santa Ana, Orange County, CA. Borrowers own several other properties on the same “Main Street” in Santa Ana, CA. This subject property acquisition is an expansion…

Recently Funded Hard Money Loan in Whittier: $341,250 1st TD, 65.00% LTV, Cash-Out, 8.50% Lender Rate

Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA.  Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…

Done Deal! Cannabis Construction Loan in Adelanto: $1,375,000 @12.50%, Land, 1st TD, Cash-Out, 6.25% LTV

Experienced real estate investor and cannabis business owner sought a 1st TD cash-out loan on this “Free & Clear” fully-entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross-collateralizing “Free & Clear” land that is pending final fully-entitled, CUP permitted, city approved…

Done Deal! Purchase Bridge Loan in Downey & Fullerton: $1,308,000 @ 9.50%, 1st & 2nd TD, SFR, 55.29% CLTV

Borrowers sought a 1st and 2nd TD cash-out bridge loan cross-collateralized on their current primary residence SFR in Downey, Los Angeles, CA and their future primary residence SFR in Fullerton, Orange County, CA. The funds from our loan will be used towards purchasing the Fullerton subject property currently in escrow while they are prepping to…

Recently Funded Hard Money Loan in Riverside: $427,000 @ 8.50%, 1st TD, SFR, Cash-Out, 70.00% LTV

Previous and successful Mortgage Vintage borrower and Business owner sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Riverside, CA.  Funds from our loan will be used to pay-off existing, current $216k 1st TD and the balance of funds will be used to invest in borrower’s business. The subject property…

Recent Transaction in Newport Beach: $410,000 1st TD, SFR, 24.12% LTV, Cash-Out, 6.50% Lender

Borrower sought a business purpose cash-out 1st TD on this “Free & Clear” owner occupied property in Newport Beach, Orange County, CA.  Funds from our loan will be used to invest in a new business opportunity.   The subject property is single story, ranch style SFR in the highly desirable neighborhood of Newport Beach Heights,…

Closed! Construction Loan in Newport Beach: $835,000, 1st TD, 70.03% CLTV, SFR, Cash-Out, 10.00% Lender Rate

Successful business owner and Pacific Life 16 year employee sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The purpose of this loan is to pay off an existing $607,500 Business Purpose 2nd TD held by Mortgage Vintage and provide additional cash out to complete the…

Done Deal! Purchase in Moreno Valley: $1,050,000 @ 12.00%, 1st TD, Land, 60.00% LTV

Successful MVI Borrowers and Real Estate Developers sought a 1st TD to purchase this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. Borrowers have contributed to and secured $2.2 Million in Equity for this project and have an initial…

Done Deal! Hard Money Loan: $650,000 1st TD, Cash-Out, 26.53% LYV, SFR, 7.50% Lender Rate

Very experienced Builder, business owner and real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR investment property in Malibu, Los Angeles County, CA. Borrower will use funds from this loan to invest in a new business opportunity. The remaining construction on this subject property will be completed in less…

Recent Transaction in Lancaster: $195,000, 1st TD, Cash-Out, 65.00% LTV, SFR, 10.00% Lender Rate

Co-Borrower and long time Real Estate Investor and business owner is co-signing with Borrower who sought a Business Purpose Cash-Out Refinance on this Owner Occupied SFR to payoff an existing matured business purpose 1st position loan.  Any excess loan proceeds will be used to make repairs to the property.  Borrower had good payment record on…

Cash out and Capitalize

Now may be the time to Cash Out and Capitalize on the steamy housing market.  Home prices continue to reach record highs in the United States. The National Association of Realtors (NAR) released data showing that average home prices in June 2021 reached $363,300 — a 23.4% increase over the average of $294,400 in June 2020, as…

Closed! Hard Money Loan in Los Angeles: $283,000, 2nd TD, 65.05% CLTV, Condo, 9.00% Lender Rate

Successful business owner sought a business purpose cash-out 2nd TD on this owner-occupied, luxurious high-rise condominium on Wilshire Blvd. in Los Angeles, CA.  Funds from our loan will be used to meet the booming demand for borrower’s government sponsored COVID testing and vaccination program for uninsured individuals. Borrower’s existing 354k 1st TD is current in…

Done Deal! Hard Money Loan in Whittier: $718,500 @ 10.00% Lender Rate, 1st TD, Cash-Out, 55.27% LTV

Experienced General Contractor and business owner sought a 1st TD construction loan on this permitted and entitled subject vacant lot property in Whittier, Los Angeles County, CA. The funds from our loan will be used to pay-off a small existing and current $100k 1st TD and the remaining $568k will be placed in Funds Control to build…

Recent Transaction in Placentia: $200,000, 2nd TD, Cash-Out, 40.86% CLTV, 8.50% Lender Rate

Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA.  Borrowers existing, current…

Recently Funded Hard Money Loan in Anaheim: $200,000, 2nd TD, 15.89% CKTV, Cash-Out, 8.25% Lender Rate

Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA.  Borrowers existing, current…

Done Deal! Refinance in Lynwood: $2,820,000, 1st TD, 51.27% LTV, Industrial Building, 10.00% Lender Rate

Successful business owners and operators sought a 1st TD to consolidate their existing and current 1st TD $2.4M and 2nd TD $485k on this industrial building in Lynwood, Los Angeles County, CA. Borrowers have invested approx. $1 Mil. in manufacturing and distribution related improvements since purchasing building in 2018. The subject property is an industrial…

Recently Funded Hard Money Loan in Garden Grove: $370,000 @ 9.00% Lender Rate, 2nd TD, 68.98% CLTV, Cash-Out

Successful, existing Mortgage Vintage Inc. borrowers and experienced real estate investors sought a 2nd TD business purpose cash out loan on this non-owner occupied SFR rental property in Garden Grove, Orange County, CA. The funds from this loan will be used towards a down payment on borrowers’ recent 10 unit apartment building real estate acquisition…

Closed! Hard Money Loan in Indio: $120,000, 1st TD, Condominium, 61.54% LTV, Cash-Out, 8.00% Lender Rate

Successful, existing Mortgage Vintage Inc. borrower and experienced real estate investor sought a 1st TD business purpose cash out loan on this non-owner occupied condo rental property in Indio, Riverside County, CA. The funds from this loan will be used towards a down payment on a new real estate acquisition. The subject property is a…