Recently Funded Hard Money Loan in Garden Grove: $300,000 @ 6.00%, 1st TD, SFR, 35.93% LTV

Successful real estate investors and previous Mortgage Vintage borrowers sought to refinance their existing 1st Trust Deed on this non-owner-occupied Garden Grove, Orange County rental property.  In addition to our new $300k loan, the Borrower is bringing in over $215k cash to close to pay off the existing $515k US Bank 1st Trust Deed. The subject…

Recently Funded Hard Money Loan in Garden Grove: $370,000 @ 9.00% Lender Rate, 2nd TD, 68.98% CLTV, Cash-Out

Successful, existing Mortgage Vintage Inc. borrowers and experienced real estate investors sought a 2nd TD business purpose cash out loan on this non-owner occupied SFR rental property in Garden Grove, Orange County, CA. The funds from this loan will be used towards a down payment on borrowers’ recent 10 unit apartment building real estate acquisition…

Recently Funded Hard Money Loan – Garden Grove: $375,000, 1st TD, 36.44% LTV, 9.00% Lender Rate

Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…

Recently Funded Hard Money Loan – Garden Grove: $30,500, 2nd TD, 70.22% CLTV, 14.00% Lender Rate

Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The two subject properties are in the same complex and are next…