Brief Overview Loan Description Borrower and real estate owner sought a $225,000 business purpose 2nd Trust Deed cash out loan on this non-owner and owner occupied well-maintained 4-unit multifamily investment property building located in Dana Point, Orange County, CA—approximately one mile from Dana Point Harbor and walking distance to local shops and restaurants. The borrower will…
1. Loan Purpose: Previous successful Mortgage Vintage Borrower sought a business-purpose cash-out loan to fund upgrades to a non-owner-occupied investment property located in Dana Point. The property serves as a facility for the Borrower’s licensed rehabilitation business. Loan proceeds from this 2nd TD will be used to improve the property to better serve the business.…
Repeat MVI borrower, very experienced 25 years developer and general contractor is sought a 2nd Trust Deed to pay off an existing, in good standing MVI $1.15M 2nd TD and the balance placed in Funds Control to complete this newly renovated 3 level, ocean-view SFR investment property in Capistrano Beach, Orange County, CA. Borrower is refinancing…
Very experienced 25 years + as property developer-owner, licensed general contractor and real estate investor with own RE portfolio of rental investment properties sought a 2nd Trust Deed to pay off an existing, in good standing 250K equity line and the balance will be placed in Funds Control to complete final finishing build on this 3…
Borrower and business owner sought a business purpose cash-out 1st TD on this free and clear owner-occupied condo in Dana Point, CA in Orange County. Funds from our loan will be used to payoff a business judgment. The subject property is 1,858 condo. The home has 6 total rooms with 3 BR/2.5 BA and a…
Successful repeat Mortgage Vintage borrowers sought a $200k business purpose 2nd Trust Deed loan on this non-owner-occupied investment rental SFR in Dana Point, Orange County, CA. The use of funds from our new loan will be applied towards minor upgrades to subject property as well as other investment properties borrowers own. Borrowers’ existing and in…
Successful Mortgage Vintage borrower, long time successful business owners (Burger Busters, Inc.), burgerbusters.com, with a 740 credit score is seeking a cash-out business purpose 2nd TD on this owner occupied ocean front property located in the ocean side community of Monarch Bay in Dana Point. The funds will be used to invest into the Borrower’s BurgerBusters…
Successful business owners and real estate investors sought a business purpose cash-out 2nd TD on this owner occupied SFR in Dana Point, Orange County, CA. The funds from our loan will be invested into their business, Sidewinder Manager, LLC, which owns a 300 acre parcel of land on the East coast. The plan is to…
Real estate investors and business owners pulled funds out of this non-owner occupied investment property to make minor improvements to the property. The borrower operates the business Ocean Hills Recovery and the subject property is currently being used as one of rehab facilities. Property is located in Dana Point, Orange County, CA. The subject property…
Real estate investors and business owners are pulling funds out of this non-owner occupied investment property to make minor improvements to the property. The Borrower operate the business Ocean Hills Recovery and the Subject Property is currently being used as one of rehab facilities. Property is located in Capistrano Beach, Orange County. The subject property…
Long time successful business owners and 705 and 728 credit score borrowers were looking to make a business purpose purchase with cross collateral 2nd TD of existing home. Our subject property is a beautiful 4 BR / 3 BA, 4,263 sf home in Monarch Bay community of Dana Point. This property is on a land…
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.…