Very successful, current MVI borrower with a consistently “on time” paying track record sought a 2nd TD cash out refinance loan on this 38,000 SF commercial building in Adelanto, CA. The purpose of this loan is to pay off an existing, current and in good standing Mortgage Vintage 2nd TD that is maturing in June 2023 as…
Successful, repeat Mortgage Vintage borrower and business owner, operator and real estate owner of “Stay Elevated LA” cannabis brand and existing cultivation center in Van Nuys, Los Angeles sought a 1st Trust Deed business purpose cash out loan on this entitled land in Adelanto, San Bernardino County, CA. Borrower’s “skin in the game” to date on…
Repeat MVI borrower and successful real estate investor is sought a 1st TD on this 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 a fully entitled, CUP permitted, city approved commercial 12 lot subdivide on Jonathan Street, in…
Very successful business owner, operator and real estate owner of “Stay Elevated LA” cannabis brand and existing cultivation center in Van Nuys, Los Angeles sought a 1st Trust Deed ground up construction loan to expand borrower’s own cultivation operations as well as generate rental income from other cannabis businesses in what will be this newly constructed…
Mortgage Vintage borrower is seeking a $550k business purpose 2nd TD on this commercial building in Adelanto, CA. Borrower’s recent $5.5M 1st TD is current and held by Mortgage Vintage. 100% funds from this 2nd TD will be used towards purchasing another high output cultivation system to maximize production and meet borrower’s climbing product demand.…
The purpose of this loan was to refinance out of a $4.5M 1st TD construction loan that’s at a higher rate, that was current, in good standing and matured in December of this year; 320k of this loan going towards 5 mos. of investor prepaid interest and the remaining 490k will be used towards expanding…
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…
Adelanto, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $86,700 BPO Valuation $144,500 Occup Non-Owner Occ. Interest Rate 11.25% LTV on BPO Valuation 60.00% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor…