Mortgage Vintage funded a $180,000 business-purpose cash-out refinance structured as a blanket first trust deed secured by two Southern California properties: a vacant, multifamily-designated land parcel in San Bernardino County and a residential property with an ADU in Corona, CA. The borrowers, who had previously worked successfully with Mortgage Vintage, sought proceeds to advance pre-development…
Long time successful real estate investor/flipper, business owner and borrower sought a 1st TD to purchase this SFR investment property in Corona, CA. Borrower plans to use $100k in equity from another investment property they own free and clear as a down payment for this property, and then this loan will be used to secure…
Real estate investor and previous successful Mortgage Vintage borrower sought a business purpose 1st TD to payoff an existing 1st TD and cash-out to complete the rehab of this SFR in Corona, CA in Riverside County. The exit strategy from our loan is the sale of the property. At completion of the rehab, the subject…
Real estate investor and experienced Fix and Flipper was seeking a business purpose purchase loan to acquire this investment property in Corona. Borrower plans to rehab the property and then sell. Our subject property is a single-story bungalow style single family residence built in 1940. The home is 600 SF with 4 rooms and 2…
Recent Transaction – $200,000 Business Purpose Cash Out, Corona, CA High FICO score borrower and real estate investor was seeking a business purpose cash-out 1st Trust Deed on this property located in Corona. Funds will be used to complete construction of the property. The property promises to be an ideal starter home due to its…
Real Estate Investor Borrower was seeking a Business Purpose Purchase loan to acquire this investment property. Borrower plans to keep the property as a rental for $2,650/mo. The quality of construction is average for the area. No functional or external inadequacies were apparent. At the time of the inspection there did not appear to be…
Borrowers were seeking this Business Purpose Cash-Out loan to payoff business debt and repair property roof. Borrower has owned the subject property since 2001. Subject is a single story commercial building configured to house 2 tenants one at 1,000 sf and the other is a 3,000 sf suite. The interior build out and design is…
Corona, CA Download Recent Transaction – $108,000.00 Construction Loan – Corona, CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $108,000 Dwelling Replacement Cost $481,000 Occup Non-Owner Occ. Lender Rate 11.25% LTV on DRC 22.45% Loan Type Construction Amortization Interest Only Due in 24 mos. Guaranteed Int. 5 months …