Successful real estate professionals and borrowers sought a cash-out 1st TD on this non-owner occupied property in Downey, CA. Loan proceeds will be used to purchase a new home in Tennessee. The subject property is a single-story, ranch style SFR sitting on a 5,815 sqft lot in a well established neighborhood in Downey, CA. The…
Borrowers sought a 1st and 2nd TD cash-out bridge loan cross-collateralized on their current primary residence SFR in Downey, Los Angeles, CA and their future primary residence SFR in Fullerton, Orange County, CA. The funds from our loan will be used towards purchasing the Fullerton subject property currently in escrow while they are prepping to…
Existing and successful Mortgage Vintage borrower is seeking a 2nd TD business purpose cash-out on this SFR investment property in Downey, Los Angeles County, CA. Funds will be used to start the demolition of the existing SFR structure. Borrower plans to build a new SFR on the property. Mortgage Vintage holds the current $340,000 1st…
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…
Borrower, real estate investor and long-time business owner was seeking a 1st TD to purchase this industrial condo corner unit in the City of Downey in Los Angeles County. The subject building is configured to house a single user and offers 3,992 SF interior space (1,600 SF of office space) which includes entry/lobby, 3 offices,…
Real estate investor borrower sought a new 1st TD to invest into to his property management company and other real estate investments. The exit strategy by the borrower was to refinance with a conventional loan or pay loan off. The subject property is a duplex home that contains 1,420 sf and was built in 1940.…
750 fico score real estate investor and real estate broker was seeking a business purpose loan to purchase this prime fix & flip opportunity in LA County. Subject property currently is a single-story traditional style SFR situated on a large 25,592 sqft lot in Downey. The subject was built in 1949. Property has 2,171 sqft of…
Self-employed Borrower was seeking a business purpose cash out loan on a non-owner occupied SFR property to make improvements to the property in preparation to sell it. Subject is a 2 story, 5 bdrm/2.0 bath, Single Family Residence located in Downey California just South of the 105 FWY and East of the 710 FWY. The…
Downey, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $326,400 Purchase Price $544,000 Occup Non-Owner Occ. Interest Rate 10.75% LTV on Purch. Price 60.00% Loan Type Rental Purchase Amortization Interest Only due in 12 mos. Guaranteed Interest 3 months Loan Scenario: Real Estate Investor looking to purchase Bank Owned SFR for…