Mortgage Vintage maintains a simple business model and employs a common sense underwriting approach on each transaction. We lend based on collateral and ability to pay. Our simple philosophy is, “We will lend if you would lend”.
Below is a list of our hard money loan programs. Click the blue link for additional information on each respective program.
Accessory Dwelling Unit Construction Loan Program: An Accessory Dwelling Unit (ADU) is defined as an additional unit on a residential lot in addition to the main house (or main multi-family building). Recently in Los Angeles County, Orange County and California as a whole, laws and guidelines regarding ADU’s have been modified to allow for more ADU construction as a way to help solve the CA Housing shortage. The Mortgage Vintage ADU loan program provides purchase and refinance financing for additional dwelling unit construction on owner and non-owner-occupied properties.
Business Purpose Cash-Out Loan Program: This cash-out refinance program is used to draw equity from a subject property for a business purpose. The property collateralized can be owner-occupied or non-owner occupied as long as the funds are used for investment and/or business purposes. Our business purpose cash-out loan program provides financing for 1-to-4 years on loan amount from $50,000-$2.5mm+.
Cannabis Business Purpose Loan Program: Cannabis loans are available to finance a purchase or refinance on any of the licensed activities including dispensaries, farming, growing, distribution, manufacturing and processing facilities. Due to the scarcity of funding from banks, there is a need for alternative financing when it comes to Cannabis business loans. Mortgage Vintage offers commercial cannabis business purpose loan programs from $50,000 to $2.5mm+ on 1st and 2nd trust deeds.
Commercial Loan Program: A commercial hard money loan is a great alternative to traditional bank financing when time is of the essence or conventional guidelines, like challenging credit and limited income, are also in play. Our commercial hard money loan programs offer 1-to-4-year financing on office, retail, industrial and mixed-use properties and are great for quick closes, cash-outs, buy-outs, and repositioning.
Construction Loan Program: A construction hard money loan can be used to finance the acquisition and construction of real estate properties. These hard money loans are great alternatives to conventional or government loan programs if your project has specific deadlines. Loan Terms can range from 1-to-4 years and the 1st or 2nd Trust Deed provides funds for ground-up or to finish construction on single-family, multi-family and commercial properties.
Debt Service Coverage Ratio (DSCR) Loan Program: The DSCR is a simple, innovative, business purpose loan for non-owner occupied, 1-4 unit residential properties. The program features as little as 0 months reserves, FICOs as low as 620 and no seasoning on cash-outs or Rate/Terms. Also, max LTVs all the way up to 80%!
Fix and Flip Loan Program: Fix and Flip loans help bridge the gap between the buyer’s capital and the property’s purchase price and renovation costs. These are short term loans used by real estate investors to purchase and improve a property to then sell for profit. The Mortgage Vintage Fix and Flip loan program is designed for active re-habbers with a track record of acquiring distressed properties, fixing them, and selling them profitably within 12 months.
Fix and Rent Loan Program: Fix and Rent loans are designed for investors who are looking to purchase a property, renovate it, and keep it as a buy and hold investment. This loan program allows investors to finance the rehab costs in addition to the money needed to complete the purchase. Our fix and rent hard money loan programs provide real estate Investors with capital to purchase or refinance for rehab and rental of a single family, multi-family or commercial property.
Foreign National Loan Program: Foreign National hard money loan programs help non-U.S. Citizens purchase and/or refinance property when traditional lenders will not. These loans are the lending solution for individuals who live outside the U.S. but would still like to invest in real estate. Our foreign national loan programs allow foreign investors to purchase or refinance California investment real estate quickly with minimum documentation.
Land Loan Program: Hard money land loans are used to finance the purchase of a plot of land. They are used when the buyer is interested in buying a piece of land to build a home or utilize for business purposes. Our hard money land loan programs allow for the purchase or refinance of raw or entitled land for development.
Multi-Family Loan Program: Multi-family real estate properties are buildings that consist of two or more separate dwelling units. Investing in multi-family real estate provides many benefits including strong monthly cash-flow and long-term passive income. Our popular multi-family loan program provides a fast hard money alternative for real estate investors looking to capitalize on the growth in multi-family.
Owner-Occupied Construction Loan Program: Owner-occupied construction loans provide financing for both the price of the land and the construction costs associated with building. Whether you are building your home from scratch or under-estimated the costs associated, these loan programs are your answer. Our owner-occupied construction loan programs provide financing for consumer ground-up construction or funds to finish on your single-family home or multi-family property.
Residential Bridge Loan Program: Residential bridge loans allow homeowners to use the equity in their current home to facilitate the purchase of their new owner-occupied home before they have sold their existing home. This Bridge Loan allows a buyer to make an attractive and solid non-contingent offer on their new home purchase. We offer 12 month or less residential bridge loans to borrowers for peace of mind while they wait to sell their existing home.