COMPLETED! HARD MONEY LOAN IN BARSTOW: $374,000 @10.50%, 1ST TD, INVESTMENT PROPERTY, MULTI-FAMILY 7-UNITS, 69.91% CLTV
Mortgage Vintage successfully funded a $374,000 first trust deed purchase loan secured by a 7-unit residential income property in Barstow, California. The borrower, who carried a 733 FICO score, acquired the property under a contract price of $535,000 — a figure that aligned precisely with the appraiser’s concluded as-is market value as of September 2,…
