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Mortgage Vintage, Inc. is a direct hard money lender that originates and funds business purpose loans for real estate investors and business owners.  All Mortgage Vintage loans must be secured by California real estate.

Cannabis Business Purpose Loan Program This loan is for purchase or cash-out on 1st or 2nd Trust Deeds for cannabis related business purpose loans secured by residential and/or commercial real estate.

Pre-Approved Loan Amounts:$50K – $2.5M+
Interest Rates Starting at:From 12.00% – 14.00% on 2nd TD’s
Loan Term:1 to 5-year term with Balloon; Interest Only payments
Lender Origination Points:2+ points plus Underwriting & Valuation
Property Valuation:Appraisal Required
Underwriting:Equity Driven – Bank Statements – No Tax Returns required (other docs will apply)
Loan-to-Value:Up to 65% LTV / CLTV on Refinance; Up to 70% LTV / CLTV on Purchase
Property Valuation:Broker Price Opinion on Residential / Commercial Appraisal on Comm. Properties
Guaranteed Interest:6 months +
“Yes We Can!”:Low FICO – BK – NOD – Foreign National – Self Employeed
Timeline to Fund:Typically 3-7 days

 

 


Contact Us:
Sandy MacDougall – (949) 632-6145 – sandy@mortgagevintage.com