Current and successful Mortgage Vintage client wanted a business purpose cash out to consolidate the existing 1st and 2nd mortgages and to invest in his business. Borrower has owned the property for several years.Subject is an 8,136 s.f. single story retail multi-tenant center located in the the High Desert. The Property sits on a 15,300 s.f. lot…
Borrowers were seeking business purpose cash-out refinance loan to make repairs to the property.Subject is a 2 story, Multi-family property in Los Angeles. The Property is 100% occupied with rent-controlled contract rental rates. The Property consists of three buildings built in 1909, 1910, and 1947. There are three different 2 bedroom layouts. One is a…
Borrowers were seeking a Business Purpose Purchase loan to purchase this single family home as an investment rental property for the borrowers..Subject is a 2 story, 5 bdrm/4 ba Single Family Residence located in the Chapman Heights neighborhood in Yucaipa. The Property measures 4,375sf of gross living area, and is situated on an 11,445 sf…
Self-employed borrower was seeking a business purpose cash-out loan to consolidated 1st and 2nd TD loans, payoff tax lien and invest in business operated at property.Subject consists of a Single Family Residence (SFR) and two light Industrial Buildings. The SFR is a 1 story, 4 bdrm/1 full ba older SFR located in San Diego close to shopping,…
Borrower wanted to downsize and purchase 13 Sally Ann Road. SFR in Orinda, CA with cash plus a 1st TD on subject property and cross- collateral property located at 86 Hillcrest Drive, Orinda, CA.Subject Property is a 3 bed/2 bath, 2,221 s.f. SFR sitting on a 19,110 s.f. lot in heart of Glorietta, Orinda, one…
Borrower was seeking this Business Purpose Cash Out loan to invest in a 30 unit apartment building in CA. Subject is a 2 story SFR with 5 bedrooms, 3 bathrooms located in Placentia, CA . The property measures 3,500 sf on a 7,208 sf lot. The Property features a nice backyard with a pool & spa, and boasts formal dining…
Borrower was seeking this Business Purpose Cash Out loan to invest in a new business for online retail sales of transponder and car partsSubject is a 1 story SFR with 4 bedrooms, 3 bathrooms. Property is located in Garden Grove, CA . The property measures 2,975 sf on a 10,989 sf lot. The Property features a large lot, and…
Borrower was seeking this Business Purpose Cash Out loan to purchase a 30 unit apartment building in CA. Subject is a 1 story SFR with 3 bedrooms, 2 bathrooms. Property is located in Anaheim, CA within easy access to both the 5 and 91 freeways. The property measures 1,576 sf on a 6,000 sf lot.…
Riverside, CA DownloadRecent Transaction – $107,500 Business Purpose Cash Out, Riverside, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $107,500 Broker Opinion $450,000 Occup Owner Occ. Lender Rate 10.25% LTV on BPO Value 65.00% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months…
Dana Point, CA Download Recent Transaction – $500,000 Business Purpose Purchase, Dana Point CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $500,000 Broker Opinion $867,140 Occup Non Owner Occ. Lender Rate 8.25% LTV on BPO Value 57.66% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos.…
N. Hollywood, CA Download Recent Transaction – $115,000 Business Purpose Cash-Out – N. Hollywood, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $115,000 Appraised Value $670,000 Occup Non-Owner Occ. Lender Rate 10.00% CLTV on Appr. 63.58% Loan Type Business Purp. Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months…
Why are hard money loan rates dropping? Hard Money loan rates have dropped 50 to 150 basis points over the past 18 months, depending on the market and type of property. This market trend provides more favorable rates for borrowers and reduced yields to Hard Money Lenders. Hard Money Loans, and in some instances called…
Los Angeles, CA Download Recent Transaction $680,000 Business Purpose Cash Out, Los Angeles, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $680,000 Broker Price Opin. $1,500,000 Occup Non-Owner Occ. Lender Rate 7.75% LTV on BPO 45.33% Loan Type Consumer Purp. Cash-Out Amortization Interest Only Due in 6 mos. Guaranteed Int.…
Agoura Hills, CA Download Recent Transaction – $110,000 Business Purpose Cash-Out – Agoura Hills, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $110,000 Broker Price Opin $1,800,000 Occup Owner Occ. Lender Rate 10.00% CLTV on ARV 62.50% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 24 mos.…
Corona Del Mar, CA Download Recent Transaction – $700,000 Business Purpose Construction Loan – Corona Del Mar CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $700,000 After Repair Value $3,200,000 Occup Non Owner Occ. Lender Rate 9.50% CLTV on ARV 62.50% Loan Type Business Purpose Cash Out Amortization Interest Only…
5 underwriting criteria to determine the viability of a Hard Money Loan Scenario Every year, NFL executives, scouts, coaches, and analysts fly to college football games, scour videos, and scrutinize statistical reports about potential draft selections. The NFL conducts the Combine where NFL prospects try out in front of representatives from the 32 NFL…
Stanton, CA Download Recent Transaction – $150,000 Business Purpose Cash-Out, Stanton CA Property / Loan Information Property Type Commercial Building – Retail Center Lien Position 2nd TD Loan Amount $150,000 Appraised Value $1,475,000 Occup Non-Owner Occ. Lender Rate 10.50% CLTV on Appraised Value 47.46% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 Months…
West Covina, CA Download Recent Transaction – $174,000 Business Purpose Refinance, West Covina CA Property / Loan Information Property Type Single Family Residence Lien Position1st TD Loan Amount $174,000 AVM Value $429,200 Occup Non-Owner Occ. Lender Rate 6.75% LTV on AVM 40.54% Loan Type Business Purpose Refinance Amortization Interest Only Due in 12 mos. Guaranteed Int. 5 Months …
El Segundo, CA Download Recent Transaction – $165,000 Business Purpose Cash-Out, El Segundo CA Property / Loan Information Property Type Condiminium Lien Position 2nd TD Loan Amount $165,000 BPO Value $625,000 Occup Non-Owner Occ. Lender Rate 10.0% CLTV on BPO 63.52% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed Int. 12 Months …
Rancho Palos Verdes, CA Download Recent Transaction – $185,000 Business Purpose Cash-Out, Rancho Palos Verdes CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $185,000 BPO Value $1,350,000 Occup Owner Occ. Lender Rate 9.50% CLTV on BPO 35.62% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. Guaranteed…
Costa Mesa, CA Download Recent Transaction – $472,500 Business Purpose Fix and Flip, Costa Mesa CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $472,500 AVM Value $630,300 Occup Non-Owner Occ. Lender Rate 8.75% LTV on AVM 74.61% Loan Type Purchase Fix & Flip Amortization Interest Only Due in 12 mos.…
Long Beach, CA Download Recent Transaction – $158,000.00 Consumer Purpose Cash Out – Long Beach, CA Property / Loan Information Property Type Duplex Lien Position 2nd TD Loan Amount $158,000 BPO Value $800,000 Occup Non-Owner Occ. Lender Rate 9.00% CLTV on BPO 36.63% Loan Type Consumer Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 Months…
Irvine, CA Download Recent Transaction – $403,310 Consumer Bridge Loan, Irvine CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $403,310 Appraised Value $1,500,000 Occup Owner Occ. Lender Rate 7.50% LTV on Appraisal 26.89% Loan Type Consumer Bridge Loan Amortization Interest Only Due in 11 mos. Guaranteed Int. None …
What is happening in the Fix and Flip marketplace? Change and upheaval constitute Fix-and-Flip finance today. FinTech (High-Tech Lenders) companies, Wall Street and others have entered the Fix-and-Flip lending arena with an avalanche of capital. This new capital benefits borrowers with lower rates but is creating havoc with traditional lenders who are scrambling to keep…
Los Angeles, CA Download Recent Transaction – $250,000 Business Purpose Cash-Out, Los Angeles CA Property / Loan Information Property Type Single Family Residence Lien Position 3rd TD Loan Amount $250,000 Appraised Value $1,650,000 Occup Non Owner Occ. Lender Rate 12.00% CLTV on Appraisal 53.33% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed…
La Quinta, CA Download Recent Transaction – $60,000.00 Business Purpose Cash Out – La Quinta, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $60,000 Broker Price Opinion (BPO) $470,000 Occup Non Owner Occ. Lender Rate 9.00% LTV on Appraisal 12.77% Loan Type Business Purpose Cash Out Amortization Interest Only…
San Francisco, CA Download Recent Transaction – $165,000.00 Business Purpose Cash Out – San Francisco, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $165,000 Broker Price Opinion (BPO) $670,000 Occup Owner Occ. Lender Rate 9.00% LTV on Appraisal 24.63% Loan Type Business Purpose Cash Out Amortization Interest Only Due…
Sandy with Congressman Dana Rohrabacher at the recent 2017 Cannabis Business Expo in San Diego. Sandy and Mortgage Vintage launched their Cannabis Business Purpose Loan Program that provides cannabis-related business loans secured by California Real Estate. The ability to back cannabis businesses with Real Estate secured loans gives this program an extra advantage in the…
As a Hard Money Lender in Orange County, we receive inquiries like: Can I get cash out of my house for my business? Can I pull money/equity from my principal residence and apply those funds towards a business acquisition or my companies working capital or business equipment? As a real estate investor, can I pull…
Thousand Oaks, CA Download Recent Transaction – $55,000.00 Business Purpose Cash Out – Thousand Oaks, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $55,000 Broker Price Opinion (BPO) $680,000 Occup Owner Occ. Lender Rate 10.00% LTV on Appraisal 8.08% Loan Type Business Purpose Cash Out Amortization Interest Only Due…