Recent Transaction in Berkeley: $575,000 2nd TD, 64.45% CLTV, Cash-Out, 11.00% Lender Rate

Successful, existing Mortgage Vintage Inc. borrower and construction business owner sought a 2nd TD business purpose cash out loan on this owner occupied SFR front unit + brand new ADU back unit rental in Berkeley, Alameda County, CA. The funds from this loan will be used to pay off an existing, current Business Purpose 2nd…

Recently Funded Hard Money Loan- Berkeley: $445,000, 2nd TD, 64.17% CLTV, 11.0% Lender Rate

Business owner and licensed general contractor needed a business purpose cash-out 2nd TD on an owner-occupied property in Berkeley, CA.  Funds from our loan were used to payoff an existing 2nd as well as provide cash-out to build an Accessory Dwelling Unit on the property.  100% of the construction budget was Funds Controlled. Subject property…