Closed! Hard Money Loan in Santa Ana: $1,200,000 @19.50%, 1st TD, Multi-Family 2-4 Units, 64.86% CLTV

Brokers, Recent Transactions, Santa AnaLeave a comment

Investment Opportunity: 1st Trust Deed Refinance Loan A highly qualified borrower, a proven track record as a repeat Mortgage Vintage investor, and extensive real estate experience sought a 1st Trust Deed refinance loan for a newly built, non-owner-occupied multifamily property in Santa Ana, Orange County, CA. The loan proceeds will refinance existing Mortgage Vintage maturing construction loans. Property Overview:…

Done Deal! Hard Money Loan in Los Angeles: $1,303,000 @ 13.25%, 2nd TD, Cash-Out, SFR, 60.00% CLTV

Brokers, Los Angeles, Recent TransactionsLeave a comment

1. Loan Purpose: Real estate investors sought a 2nd Trust Deed on this non-owner-occupied property in, Hancock Park, Los Angeles.  Borrowers purchased the property in 2020 and paid $375k on Down Payment and have spent $874k to date on the horizontal and vertical development. The borrowers own a family-owned and operated Real Estate Development firm,…

Recently Funded! Hard Money Loan in Paradise: $288,000 @ 12.00%, 1st TD, Cash-Out Refi, SFR, 24.34% CLTV

Brokers, Paradise, Recent TransactionsLeave a comment

1. Loan Purpose: Experienced real estate investor and builder sought a 1st Trust Deed on this investment, non-owner occupied brand-new construction SFR located in a Paradise, Butte County, CA. The purpose of this loan is to pay off an existing and in good standing $100K 1st TD maturing and the balance placed into $145K Funds…

Closed! Hard Money Loan in Santa Ana: $1,235,000 @10.00%, 1st TD, Mixed Used, 65.00% CLTV

Brokers, Recent Transactions, Santa Ana

1. Loan Purpose: Successful Repeat Mortgage Vintage borrowers and real estate investors sought a $1,235,000 1st Trust Deed Rate and Term Refinance loan on this non-owner-occupied, Mixed-Use property off S. Main and Edinger in Santa Ana, Orange County, CA. The funds from the loan will be used to pay off existing, Mortgage Vintage maturing loans.…

Recently Funded! Hard Money Loan in Santa Ana: $520,000 @ 9.50%, 1st TD, Cash-Out, SFR, 27.96% CLTV

Brokers, Recent Transactions, Santa Ana

Loan Purpose: Successful Mortgage Vintage Borrower sought this 1st TD cash-out loan on this recently purchased Free and Clear SFR plus ADU and JADU in Santa Ana. Loan proceeds on this Free and Clear property will be used to complete the current renovation, adding an ADU and JADU to the existing single-family residence. 2. Property…

Closed! Hard Money Loan in Los Angeles: $1,300,000 @9.00%, 1st TD, Cash-Out, Multi-Family Unit, 47.27% CLTV

Brokers, Los Angeles, Recent Transactions

1. Loan Purpose: Successful Mortgage Vintage borrower and real estate investor sought a $1,300,000 1st Trust Deed business purpose cash-out loan on this non-owner occupied, fully occupied, and recently renovated 8-unit multi-unit property in Los Angeles, CA. The funds from the loan will be used to payoff an existing maturing loan and to make some…

Done Deal! Hard Money Loan in Ladera Ranch: $597,000 @ 12.00%, 2nd TD, Cash-Out, SFR, 60.85% CLTV

Brokers, Ladera ranch, Recent Transactions, Stanton, Success Stories, Sylmar, Taft, Temecula, Thermal, Thousand Oaks, Trust Deed Opportunities, Tuolumne County, Tustin

1. Loan Purpose: President/CEO sought a 2nd Trust Deed on this owner occupied SFR located within the privately gated “Covenant Hills” suburban neighborhood in Ladera Ranch, Orange County, CA. The purpose of this loan is to pay off an existing and in good standing $346K 2nd TD business purpose loan and the balance used to…

Closed! Hard Money Loan in San Diego: $255,000 @ 12.00%, 2nd TD, Cash-Out, Multi-Family Unit, 51.04% CLTV

Brokers, Recent Transactions, San Diego, Stanton, Success Stories, Sylmar, Taft, Temecula, Thermal, Thousand Oaks, Trust Deed Opportunities, Tuolumne County, Tustin

1. Loan Purpose: Borrower and real estate investor sought a $255,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied fully tenant-occupied tri-plex in San Diego. The loan proceeds will be used to complete a 2-unit ADU. The complete project is $449,000 to build. The Borrower has already paid $237,000 in costs towards…

Property and Borrower Types that Fit with Private Money Lending and Mortgage Vintage

Blog, Borrowers, Brokers, Santa Monica

Mortgage Vintage, Inc. provides a range of private money lending solutions for borrowers who face unique challenges that make conventional loans undesirable or unfeasible. Rapid Funding Required: Private Money is particularly valuable in situations requiring rapid funding, as Mortgage Vintage can fund real estate transactions in as little as 5-7 days and deliver loan term…

Done Deal! Hard Money ADU Loan: $345,000 @ 12.50%, 2nd TD, Cash-Out, 2-4 Unit, 53.59% CLTV

Brokers, Duarte, Recent Transactions, Stanton, Success Stories, Sylmar, Taft, Temecula, Thermal, Thousand Oaks, Trust Deed Opportunities, Tuolumne County, Tustin

1. Loan Purpose: Borrower and real estate investor sought a $345,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied, recently renovated and fully tenant occupied, detached duplex investment rental property in Duarte, Los Angeles County, CA. The city of Duarte is located 15 minutes east of Pasadena, CA. The funds from this…

Closed! Hard Money Loan in Rancho Santa Fe and Carlsbad: $1,330,000 @ 13.50%, 2nd, Cash-Out, SFR, 55.38% CLTV

Brokers, Carlsbad, Rancho Santa Fe, Recent Transactions

CEO/Founder of Sterogene Bioseparations, Inc. https://sterogene.com/company/ a biotech-pharmaceutical company and real estate owner sought a business purpose cash out loan on an owner-occupied SFR in Rancho Santa Fe and an investment rental condominium in Carlsbad, both in San Diego County. The purpose of this blanket loan is to pay off borrowers current and in good…

Recently Funded Hard Money Loan in Buena Park: $210,000 @ 12.50%, 2nd TD, Single Family Residence, 55.14 CLTV

Brokers, Buena Park, Recent Transactions

Successful Mortgage Vintage Borrower and Real Estate Investor is seeking a Business Purpose Refinance 2nd Trust Deed on this owner occupied property in Buena Park.  This is refinance of an existing loan. The original loan was used to to acquire 8-acres of fully entitled and permitted land in Indio, CA to build a 132 bed…

Closed! Hard Money Loan in Torrance: $130,000 @ 12.25%, 2nd TD, Condo, Cash-Out, 60.26% CLTV

Brokers, Recent Transactions, Torrance

Borrower sought a small business purpose 2nd Trust Deed on this investment townhome located in a gated community in Old Torrance, “Villages on Oak”, Los Angeles County, CA. The purpose of this loan is to remodel borrower’s “Togo’s sandwich restaurant located in Burbank, CA. Borrowers’ 1st mortgage is current with a principal balance of $400K…

Done Deal! Hard Money Loan in San Juan Capistrano: $210,000 @ 11.50%

Brokers, Recent Transactions, San Juan Capistrano

1. Loan Purpose: 766 and 795 credit score borrower and Business owner is seeking the 2nd Trust Deed cash-out loan to invest into their business, Citation Capital (website: https://citationcp.com). The existing first mortgage is with Morgan Stanley with a current balance of $1,290,426.65, a current adjustable interest rate of 2.55%. The first mortgage matures December 1,…

Why Borrowers work with Mortgage Vintage

Blog, Borrowers, Brokers

Mortgage Vintage, Inc. (MVI) provides a range of business purpose private money lending solutions for borrowers who face unique challenges that make conventional loans unfeasible. Mortgage Vintage Hard Money Loans are particularly valuable in situations requiring rapid funding, as they can fund real estate transactions in as little as 5-7 days and deliver loan term…

Closed! Hard Money Loan in Los Angeles: $758,000 @ 12.50%, 2nd TD, Cash-Out, 2-4 Unit, 62.22% CLTV

Brokers, Los Angeles, Recent Transactions

1. Loan Purpose: Successful Mortgage Vintage borrowers and successful real estate investors sought a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. 100% of the funds from our loan proceeds will be put into Funds Control to reconfigure the existing Duplex and add 2 new fully permitted ADU…

Done Deal! Hard Money Loan in Laguna Beach: $1,010,000 @ 13.99%, 2nd TD, Cash-Out, Condo,60.83% CLTV

Brokers, Laguna Beach, Recent Transactions

Borrowers sought a business purpose 2nd Trust Deed on this fully remodeled, ocean-front, owner-occupied condominium in the private community of “Laguna Lido” in Laguna Beach near popular Thousand Steps and Table Rock beaches. The purpose of this loan is to pay off an existing $484K 2nd TD in good standing and the balance will be…

home being repaired

Navigating the Risks in Lending Based on After Repair Value (ARV) in 2024

Blog, Borrowers, Brokers, Investors

In the ever-evolving landscape of real estate investing, understanding the concept of After Repair Value (ARV) remains crucial. ARV serves as an estimate of a property’s future worth after undergoing necessary repairs and improvements. Unlike the property’s current purchase price, ARV projects its potential value once the renovations are completed. It’s a pivotal tool, primarily…

Closed! Hard Money Loan in Los Angeles: $310,000 @ 13.50%, 1st TD, Cash-Out, Commercial, 48.44% LTV

Brokers, Los Angeles, Recent Transactions

Real Estate Investor and successful business owner sought a business purpose cash-out 1st TD on this ‘free and clear,’ non-owner-occupied investment mixed-use property in Los Angeles, CA. The subject property is comprised of two side-by-side parcels and is leased out to a cosmetic automotive car detail and improvement shop for a total of $4,500/mo.  A clean…

Done Deal! Hard Money Loan in Laguna Beach: $575,000 @ 11.00%, 2nd TD, Cash-Out, 57.55% CLTV

Brokers, Laguna Beach, Recent Transactions

Borrower sought a 2nd Trust Deed on this Ocean-View Beach Cottage investment SFR located in Laguna Beach, Orange County, CA. The purpose of this loan is to invest in borrowers’ merchant payment processing business. Borrowers’ small 1st mortgage is current with a principal balance of $144,427, a fixed interest rate of 4.75%, P&I payment of…