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 – $3.0M+|
|Interest Rates Starting at:||From 10.99% on 1st’s – 12.00% on 2nd TD’s|
|Loan Term:||1 to 4 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 60% LTV / CLTV on Refinance; Up to 65% LTV / CLTV on Purchase|
|Property Valuation:||Broker Price Opinion on Residential / Commercial Appraisal on Comm. Properties|
|Guaranteed Interest:||3-6 months|
|“Yes We Can!”:||Low FICO – BK – NOD – Foreign National – Self Employed|
|Timeline to Fund:||Typically 5-7 days|
Sandy MacDougall – (949) 632-6145 – firstname.lastname@example.org