Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out & refinance 2nd TD on this Ocean View SFR non-owner occupied short term rental property in Laguna Beach, Orange County, CA. The subject property has a front unit and the main Ocean Facing SFR. Recent legislation allows borrower…
Experienced “fix & flip” and “fix & rent” real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Landers, San Bernardino County, CA. Funds from our loan will be used to pay off an in good standing and small 25K 1st TD; balance of the funds will…
Real estate investors and business owners pulled funds out of this non-owner occupied investment property to make minor improvements to the property. The borrower operates the business Ocean Hills Recovery and the subject property is currently being used as one of rehab facilities. Property is located in Dana Point, Orange County, CA. The subject property…
Real estate investors and business owners are pulling funds out of this non-owner occupied investment property to make minor improvements to the property. The Borrower operate the business Ocean Hills Recovery and the Subject Property is currently being used as one of rehab facilities. Property is located in Capistrano Beach, Orange County. The subject property…
Real estate investor business owner and current Mortgage Vintage borrower sought a new business purpose cash-out 1st TD on this non-owner occupied 3-unit multi-family property in Long Beach in LA County. The borrowers current $100k loan that this loan is paying off is current and has performed perfectly. Funds from our loan will be used…
Previously successful Mortgage Vintage Inc. borrowers, real estate investors and business owners sought a 1st TD to purchase this mixed use, non-owner occupied, commercial & residential investment property in Santa Ana, Orange County, CA. Borrowers own several other properties on the same “Main Street” in Santa Ana, CA. This subject property acquisition is an expansion…
Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA. Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…
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…
Borrower sought a business purpose cash-out 1st TD on this non-owner occupied property in San Diego, San Diego County, CA. Funds from our loan will be used to pay off an existing and in good standing $248k 1st Mortgage and the balance of funds, approx. $134K, will used to make improvements on the subject property.…
Borrower sought a 1st TD to pay-off current and in good standing $645k 1st TD and the balance of the funds will be held in Funds Control to complete the remodel of this subject property located in the city of West Hills, Los Angeles County, CA. Exit strategy is to pay off our loan from…
Borrowers sought a 1st and 2nd TD cash-out bridge loan cross-collateralized on their current primary residence SFR in Downey, Los Angeles, CA and their future primary residence SFR in Fullerton, Orange County, CA. The funds from our loan will be used towards purchasing the Fullerton subject property currently in escrow while they are prepping to…
Previous and successful Mortgage Vintage borrower and Business owner sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Riverside, CA. Funds from our loan will be used to pay-off existing, current $216k 1st TD and the balance of funds will be used to invest in borrower’s business. The subject property…
Borrower sought a business purpose cash-out 1st TD on this “Free & Clear” owner occupied property in Newport Beach, Orange County, CA. Funds from our loan will be used to invest in a new business opportunity. The subject property is single story, ranch style SFR in the highly desirable neighborhood of Newport Beach Heights,…
Successful business owner and Pacific Life 16 year employee sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The purpose of this loan is to pay off an existing $607,500 Business Purpose 2nd TD held by Mortgage Vintage and provide additional cash out to complete the…
Successful MVI Borrowers and Real Estate Developers sought a 1st TD to purchase this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. Borrowers have contributed to and secured $2.2 Million in Equity for this project and have an initial…
Borrowers sought a 1st TD loan to complete construction on this non-owner occupied “free & clear” SFR and land property in Ripon, San Joaquin County, CA. Borrowers have 657k “skin in the game”. Borrowers purchased the land free and clear in 2020 for 260k and have invested 397k personal funds to date on the major…
Very experienced Builder, business owner and real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR investment property in Malibu, Los Angeles County, CA. Borrower will use funds from this loan to invest in a new business opportunity. The remaining construction on this subject property will be completed in less…
Existing and successful Mortgage Vintage borrower is seeking a 2nd TD business purpose cash-out on this SFR investment property in Downey, Los Angeles County, CA. Funds will be used to start the demolition of the existing SFR structure. Borrower plans to build a new SFR on the property. Mortgage Vintage holds the current $340,000 1st…
Co-Borrower and long time Real Estate Investor and business owner is co-signing with Borrower who sought a Business Purpose Cash-Out Refinance on this Owner Occupied SFR to payoff an existing matured business purpose 1st position loan. Any excess loan proceeds will be used to make repairs to the property. Borrower had good payment record on…
Now may be the time to Cash Out and Capitalize on the steamy housing market. Home prices continue to reach record highs in the United States. The National Association of Realtors (NAR) released data showing that average home prices in June 2021 reached $363,300 — a 23.4% increase over the average of $294,400 in June 2020, as…
Successful Mortgage Vintage borrower and Business owner with a 763 credit score is seeking a new business purpose cash-out 1st TD on this non-owner occupied investment property in Stockton, CA in San Joaquin County. Funds from our loan will be used to make improvements to the existing property and to invest in borrower’s business. …
Successful business owner sought a business purpose cash-out 2nd TD on this owner-occupied, luxurious high-rise condominium on Wilshire Blvd. in Los Angeles, CA. Funds from our loan will be used to meet the booming demand for borrower’s government sponsored COVID testing and vaccination program for uninsured individuals. Borrower’s existing 354k 1st TD is current in…
Experienced General Contractor and business owner sought a 1st TD construction loan on this permitted and entitled subject vacant lot property in Whittier, Los Angeles County, CA. The funds from our loan will be used to pay-off a small existing and current $100k 1st TD and the remaining $568k will be placed in Funds Control to build…
Successful Mortgage Vintage borrower and real estate investor sought a business purpose 2nd TD to cash-out to be used to complete the construction of an ADU unit being built over a 2 car garage on the lot of an existing investment property. The subject property is on a large 41,382 (.95 acre) lot. Currently there…
Successful, existing Mortgage Vintage Inc. borrowers, experienced real estate investors and business owners sought a 1st TD loan on a non-owner occupied orchard property in Escondido in the Highland Valley wine region in San Diego County, CA + one vacant land lot in Lake Elsinore, Riverside County, CA. The funds from the loan will be…
Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA. Borrowers existing, current…
Successful, existing Mortgage Vintage Inc. borrower and experienced real estate investor sought a 1st TD business purpose cash out loan on this non-owner occupied condo rental property in Indio, Riverside County, CA. The funds from this loan will be used towards a down payment on a new real estate acquisition. The subject property is a…
Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA. Borrowers existing, current…
Borrower is real estate investor and 30 year experienced developer will be using these loan proceeds to 1) payoff and existing 1st mortgage and 2) for ground up construction to develop a fully entitled and permitted 4-unit condo project in the City of Pico Rivera. Grading is complete and the site is shovel ready which is…
Borrower sought a 1st TD blanket Loan on the subject SFR properties which are being used by a Non-Profit to house court placed abused minors. The borrower is on the Board of the Non-Profit, “Circle of Friends” and together they have the opportunity to purchase these two SFR’s that they have been operating in for…