723 credit score borrower, real estate investor and business owner sought a 1st TD to purchase this commercial property in Lancaster, CA in Los Angeles County. Property is currently rented to a long-time tenant since May 1, 2008. Tenant signed a new 10-year NNN lease that began on May 1, 2016 and runs thru April…
Real estate investor and business owner sought a business purpose loan to purchase this investment property in Los Angeles County for $640K. The subject is comprised of two SFRs. Unit 6811 is 2bd/1 bath and 1,060 sf. This unit is currently gutted with an estimated cost of $80K to renovate. The rear unit 6809 is…
Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU. All three properties are currently in escrow to be sold upon completion of construction. Property 813 N. Figueroa St. will consist of a 2 story SFR…
Reading between the lines on Borrower loan scenarios and excuses – how it affects underwriting and loan preparation Originating and Servicing Hard Money Loans requires active listening to a Story. There is typically a reason why the loan is not being funded conventionally. Each hard money loan’s unique scenario potentially stretches guidelines as oftentimes…
Real estate investor is sought a business purpose cash-out 1st TD on this Santa Ana 3-unit investment property to remodel each of the three units and ultimately bring it up to code with the City of Santa Ana Planning & Building Department. The subject is a ranch style triplex located in Santa Ana in Orange…
Real estate investor and long time business owners sought a business purpose cash-out 2nd TD on this non-owner occupied SFRs on one lot in Rancho Cucamonga. Proceeds from our loan will be used to bring in entitlements for what will be the future site of a 17 unit home development. The subject property is a…
Retired contractor and full-time senior accountant soughta true Bridge Loan to purchase what will be their new primary residence. Our new loan isa blanket 1stTD on the subject property in Aguanga in Riverside County, and, a 2ndTD on the cross collateralproperty in Aliso Viejo in Orange County. The Aliso Viejo property is currently in escrow…
Long-time business owner was seeking a business purpose cash-out 2nd TD on this owner-occupied San Juan Capistrano SFR to invest back into his real estate finance business. The subject property is a beautiful two-story Colonial style 3 BR/4.5 BA SFR located on a cul de sac street in San Juan Capistrano in Orange County. The…
Long-time business owners were seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Monrovia in LA County. Proceeds from our loan will be used to help open a new location of the borrower’s restaurant business, Puebla Tacos. The subject property is a single level traditional style home sitting on a 6,888…
Real estate investor borrower was seeking a business purpose 2nd TD to payoff an existing 2nd mortgage and cash-out to invest in real estate. The subject property is a ranch style home in Bermuda Dunes in Riverside County. The home is 5,067 SF with 10 total rooms and 6 BR/5 BA with a 3-car attached…
Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…
Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…
Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…
Self-employed borrower was seeking a 1st TD on this non-owner occupied SFR in Valley Springs, Calaveras County. Borrower owns a construction company and has been in business for 10 years. Borrower purchased the home to fix up and turn into a rental property. Borrower’s down payment will be a gift from their in-laws. The source…
Borrower and real estate investor was seeking a business purpose 2nd TD on this Huntington Beach 12-unit multi-family property. Borrower is restructuring the 1st TD with Axos Bank and paid off an existing 2nd TD where the Note was coming due. This was a no cash-out refinance. The Axos Bank 1st TD is at 5.29%…
Business owner and polished real estate investor was seeking a business purpose 2nd TD on this owner occupied Seal Beach SFR to payoff an existing business purpose loan as well as property taxes. Our new MVI loan will payoff a loan that was used to buy a property that was in foreclosure and to fix…
Borrower, previous/current and on-time Mortgage Vintage borrower, and, highly experience real estate investor and developer was seeking a business purpose cash-out 1st TD on this vacant land with approved plans by the City of Santa Ana in Orange County. The subject property is a .25 acre vacant lot located in Santa Ana at the corner…
Self-employed borrower was seeking this business purpose 2nd loan to purchase an investment property in Nevada. All loan proceeds will be sent directly to the purchase escrow. Subject is a two-story traditional 4 BR/3 BA Single Family Residence located in Fountain Valley, Orange County. The Property measures 2,239 sf of gross living area, and is…
Real estate investor was seeking a cash-out 1st TD on this non-owner occupied SFR in La Verne in Los Angeles County. Our MVI loan paid off an existing 1st TD as well as provided cash-out to make repairs to the same property and payoff student loans. The subject is a traditional style single level home…
Retired LA Unified school teacher and counselor and now substitute teacher was seeking a 1st TD to purchase this SFR in Inglewood in LA County. Property will be used as a long term rental. The subject property is a beautiful and well maintained 2-story SFR in the Renaissance gated community in Inglewood in LA County.…
Experienced Real Estate Investor that has developed over 10 Mil. s.f. and his family business was seeking this business purpose blanket loan to finance three parcels of land in Riverside for Multi-Family Development. The first parcel (Pinebrook – 28 Units) is a 1st TD purchase with full entitlements and permits in place. The developer has…
Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Altadena to invest back into her cultural center in Pasadena, the Alkebu-lan Cultural Center, for supplies and updates to the building: http://www.alkebulanpasadena.com/. The subject property is a 1,800 sf Ranch style SFR that sits on a large 12,398 SF…
Real estate investor is seeking business a purpose cash-out 2nd TD on this non-owner occupied SFR investment property in San Diego to reinstate the past due balance of $32,520 on the existing 1st TD. The subject property is a 1,822 sf Bi-Level SFR that sits on a 3,913 SF lot. The property consists of 8…
Real Estate Investor was looking to cash – out to fund continued construction of multiple single family homes real estate investment project in Santa Ana. Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space. Borrower is an experienced fix and flip investor and developer. Subject property is…
Real estate investor and business owner was seeking a 1st TD to purchase this non-owner occupied SFR investment property in Anza, CA in Riverside County. The subject property is a 911 sf 2 BR/1 BA SFR sitting on 20 acres of land in Anza. The property features a 1,360 sf Metal Shop Building as well…
Business owner was seeking a cash-out 2nd TD to invest back into a real estate investment business owned with her husband. Funds from our loan will be used for investing in distressed properties. The subject is a 2 story, 6 BR/3 BA Duplex located in the Boyle Heights neighborhood of Los Angeles. The property measures…
Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County. Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution. The subject is…
Business owner and long time property owner seeking this business purpose loan to refinance existing first on this investment property and to invest in his insurance business. The subject property is a traditional style 1-story home in Lake Forest. The home has 7 total rooms with 4 BR and 2 BA and is 2,028 SF…
How can you tidy up your workplace and home? On a local Corona Del Mar Buck Gulley nature walk this last weekend, I encountered this breathtaking spring flowery hillside and a sign that said, “Habitat Restoration in Progress.” A few days before this walk during a routine property visit in Riverside County, I noticed cars…
Long time business owner was seeking a cash-out 2nd TD on this beautiful Westchester SFR in Los Angeles to payoff an existing 2nd & 3rd and cash-out for his business. Borrower owns a successful landscape company specializing in design, maintenance and construction: http://brownlandscapeco.com/. The loan proceeds from our MVI loan will be invested back into…