Closed! Hard Money Loan in Escondido: $465,500 @ 12.00%, Land, 1st TD, 18.47% LTV

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…

Recently Funded Blanket Loan in Escondido: $805,000 1st TD, 55.52% LTV, Purchase, 9.25% Lender Rate

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…