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…
Successful, current MVI borrower and real estate investor sought a 1st TD loan to purchase this non-owner occupied, Condo investment property in Santa Ana, Orange County, CA. Borrower is putting down approx. $128k of their own money to the closing of this Purchase. Exit strategy is a conventional refinance. The subject property is a traditional…
Successful business owners and operators sought a 1st TD to consolidate their existing and current 1st TD $2.4M and 2nd TD $485k on this industrial building in Lynwood, Los Angeles County, CA. Borrowers have invested approx. $1 Mil. in manufacturing and distribution related improvements since purchasing building in 2018. The subject property is an industrial…
Successful, existing Mortgage Vintage Inc. borrowers and experienced real estate investors sought a 2nd TD business purpose cash out loan on this non-owner occupied SFR rental property in Garden Grove, Orange County, CA. The funds from this loan will be used towards a down payment on borrowers’ recent 10 unit apartment building real estate acquisition…
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, 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…
Successful Mortgage Vintage Inc. borrower and real estate investor sought a 1st TD loan to purchase this non-owner occupied, SFR investment property in Santa Ana, Orange County, CA. Borrower owns multiple rental properties in Santa Ana. Borrower is putting down approx. $170,000 of their own money towards this Purchase. The subject property is a SFR…
Successful real investor sought a 1st TD business purpose cash-out refinance loan on this 8 unit, non-owner occupied, apartment building in Los Angeles, Los Angeles County, CA. Funds from our loan will be used to pay off a small, current $140k 1st TD and the balance of the funds will be used for interior and…
The Bloom is not off the Rose. Orange County’s homebuying binge continued in February with sales up 13% and prices increasing 9.6% over 12 months to a record high according to the Case-Shiller Index. These price increases zoomed through the Spring of 2021. While some have accurately predicted future occurrences, few have predicted the future with an associated…
Real estate investors are sought a 1st TD loan to purchase this non-owner occupied, SFR investment property in Indio, Riverside County, CA. Borrower is putting down approx. $358,000 of their own money towards this Purchase. Exit strategy is a conventional refinance. The subject property is a Spanish styled, SFR with mountain views, located in the…
Successful Mortgage Vintage Inc. borrower and real estate investor is seeking a 2nd TD business purpose cash out loan on this non-owner occupied Duplex investment rental property in Santa Ana, Orange County, CA. Borrower is pulling cash out of this investment property to purchase another investment rental property in Santa Ana. Borrower owns multiple rental…
Real estate investor is sought a 1st TD refinance loan on this non-owner occupied SFR investment property and adjacent vacant lot in Landers, San Bernardino County, CA. Funds from our loan will be used to pay-off an existing 1st TD that is currently in default. Borrower fell behind due to a work-related injury while serving…
Successful LA based Architect/Builder borrower sought a 2nd TD cash-out bridge loan on this owner-occupied SFR w/ ADU property in Culver City, Los Angeles, CA. The funds from our loan will be used to pay-off a small, current 182k HELOC and the remaining funds will be used to purchase the borrowers new out-of-state primary residence…
Successful real investor sought a 1st TD business purpose cash-out refinance loan on these two non-owner occupied SFRs rental properties in Indio, Riverside County, CA. Funds from our loan will be used to pay off a current 1st TD, the balance of the funds will be used for minor remodeling on subject properties and towards…
Previous and successful Mortgage Vintage borrower sought a 1st TD to purchase this SFR + Land investment property in Downey, Los Angeles County, CA. The borrower intends to develop a rental SFR on this subject property in the future. The borrower is buying the subject property at a discount below the appraised value because borrower…
Successful Mortgage Vintage borrower and real estate investor sought a business purpose cash-out 2nd TD on this investment property. The funds from our loan will be used to make improvements on another investment property borrower owns in Carson, Los Angeles County, CA. Exit strategy is a conventional refinance of either this property or one of…