Loan Summary Borrower sought a 1st TD rate-and-term business purpose refinance on a non-owner occupied SFR investment property in the highly desirable Mesa Verde tract of Costa Mesa, Orange County, CA. Loan proceeds will pay off existing 1st mortgage lien currently in default and has a notice of default filed. The borrower, a registered nurse…
Repeat Mortgage Vintage Inc. through “CrowdTrustDeed” borrower, very successful Southern California realtor and real estate investor sought a 1st TD blanket cash out loan on these two “Free and Clear” non-owner occupied SFR + Condo investment properties. The Condo is in Costa Mesa, Orange County, CA and the SFR is located in the Palm Valley…
Successful repeat Mortgage Vintage borrower and long-time successful business owner sought a rate/term refinance 2nd TD on this owner-occupied SFR in Costa Mesa, Orange County, CA. Mortgage Vintage originated the current 2nd TD loan for this borrower last year and it has since matured. This new loan will payoff our existing business purpose loan and…
Experienced real estate investor, developer and successful Mortgage Vintage Fix and Flip borrower sought a 2nd TD business purpose cash-out on this SFR + 2 ADU’s investment property in Costa Mesa, CA. Funds from our loan will be used to build a third ADU ($200k) and will be held in Funds Control and the remainder…
Business owner sought a $245K 2nd Trust Deed business purpose loan on this owner-occupied SFR in Costa Mesa, Orange County, CA. 100% loan proceeds will be used for investment opportunities. The borrower’s 1st mortgage has a principal balance of $800,000 with a fixed interest rate of 4.25%, maturing November 2061 and a payment of $2,833/mo. The…
Borrower sought a $120K 2nd Trust Deed bridge loan on this owner-occupied Condominium in Costa Mesa, Orange County, CA. The purpose of this loan is minor remodeling/updating to subject property (paint, carpet, modern fixtures); the property is currently listed for sale at $680k. The borrower’s small $194K 1st TD is a VA loan, 30 year @…
Long-time successful business owner seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Costa Mesa, Orange County, CA. Funds from our loan will be used as capital investment into their company, Environmental Water Management. The company suffered some small setbacks because of COVID, but our loan proceeds will be used to…
Experienced real estate investor, developer and existing Mortgage Vintage borrower is sought a 2nd TD business purpose cash-out on these two SFR investment properties in Costa Mesa, CA. Funds from our loan will be used to pay-off a small, existing 2nd TD ($86k) and the rest of the funds ($200k) will be held in Funds…
Experienced real estate investor, developer and existing Mortgage Vintage borrower sought a Blanket 1st TD on these two SFR investment properties in in Costa Mesa, CA. Funds from our loan will be used to pay-off higher interest rate TD’s on subject properties and provide cash-out to finish construction. We will be paying off a $2.3…
Current MVI borrower and real estate investor developer is sought a business purpose refinance 1st TD on this residential lot in the Newport Heights neighborhood of Eastside Costa Mesa, Orange County. Funds from our loan will be used to consolidate and payoff an existing 1st TD and 2nd TD and provide funds controlled construction funds…
757 fico score borrower was beginning the process of selling his current primary residence in Huntington Beach to acquire a new permanent residence in Costa Mesa. Borrower used loan proceeds to purchase his new residence and will then payoff the loan when he sells his residence in Huntington Beach. The subject property is a single-story…
Business owner is seeking a cash-out 2nd TD of this owner occupied SFR in Costa Mesa. Proceeds from this loan will be used to invest real back into the borrower’s reconditioned furniture business, Refreshed. Our subject property is a single-story SFR situated on a 6,000 sqft lot. The subject was built in 1958 and has 1,647…
Real estate investor, 11-year full-time employee with the same company and 679 credit score borrower was seeking a business purpose cash-out refinance 1st TD to make improvements to this non-owner occupied investment property. Subject property is a two-story, SFR located in Costa Mesa at the end of cul de sac. The subject is 2,413 sqft…
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.…
Costa Mesa, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $100,000 Estimated Value $860,000 Occup Owner Occ. Interest Rate 12.50% CLTV on Est. Value 34.41% Loan Type Business Purpose Cash Out Amortization Interest Only due in 36 mos. Guaranteed Interest 6 months Loan Scenario: 670 Mid FICO Borrower looking for…