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…
Experienced real estate investor sought a 1st TD to purchase this 19-unit multi-family investment property in San Bernardino, San Bernardino County, CA. The borrower currently owns and operates a 4 unit, multi-family investment property and is acquiring this subject property to expand borrower’s real estate investment portfolio. The subject property is a gated, two story,…
Real estate investor and experienced Fix & Flip designer sought a business purpose loan to purchase this prime fix & flip opportunity in Redondo Beach, Los Angeles, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Redondo Beach’s highly desirable beach city neighborhood. The 1,615 SF home sits on a 2,501 SF lot with…
Real estate investor borrower sought a 1st TD loan for this non-owner occupied SFR investment property in Valley Center, San Diego County, CA. Funds from our loan will be used to pay-off an existing 1st TD and the remaining funds will be used to make minor upgrades to subject property. Subject property is a Spanish…
Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out 2nd TD on this Ocean View SFR non-owner occupied rental property in Laguna Beach, Orange County, CA. Funds from our loan will be used to support this investment property’s overhead while borrower obtains a conventional loan to to…
Borrower sought a business purpose cash-out 2nd TD on this owner occupied SFR property in Encino, Los Angeles County, CA. The funds from our loan will be used to launch borrower’s online retail clothing and provide working capital for his existing photography company. The subject property is a contemporary, one story SFR in good condition,…
The U.S. 10 Year Treasury continues to march higher daily and is making conventional loan interest rates tick up. This rise in interest rates will eventually slow refinance activity. Today’s Blog highlights proven methods for a Mortgage Broker to increase their revenue as the refinance market softens. What other loan products should a Mortgage Broker…
Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied SFR investment property in Cathedral City, Riverside County, CA. Borrower is putting down $340k of their own money towards this Purchase. Borrower owns four other investment properties in the area. Subject property is in a gated community, great condition and ready…
Experienced real estate investors sought a 1st TD loan to purchase these non-owner occupied 7 vacant land lots in Perris, Riverside County, CA. Borrowers intend to hold on to properties which are zoned for rural residential and build SFRs on each in the future or sell vacant lands as they increase in value. Borrowers are…