Loan Purpose Mortgage Vintage funded a $525,000 business-purpose cash-out refinance secured by a recently renovated single-family residence in Inglewood, Los Angeles County, California. The loan was structured as a first trust deed and was used to retire an existing first trust deed balance, provide working capital, and support the borrower’s ongoing real estate investment activities.…
Loan Purpose: The Borrower sought this 1st Trust Deed investment on a non-owner-occupied single-family residence in Inglewood, CA. Loan proceeds will be used to reimburse the borrower for recent renovations, complete landscaping, and address miscellaneous repairs. The borrower’s exit strategy is to refinance into a conventional loan. Property Description: The subject property is a 796…
Retired LA Unified school teacher and counselor and now substitute teacher was seeking a 1st TD to purchase this SFR in Inglewood in LA County. Property will be used as a long term rental. The subject property is a beautiful and well maintained 2-story SFR in the Renaissance gated community in Inglewood in LA County.…
Real estate investor and long-time employee with the same company was seeking a new 1st TD on this LA County 4-unit non-owner occupied property to refinance the existing 1st TD and make minor repairs and upgrades to the subject property. The subject property is a fully rented 4-unit property in Inglewood. Built in 1950, the…
Inglewood, CA Download Recent Transaction – Cash-Out Loan Funded – Inglewood, CA Property / Loan Information Property Type Duplex Lien Position 1st TD Loan Amount $322,000 Appraised Value $460,000 Occup Non-Owner Occ. Lender Rate 9.00% LTV on AppraisedValue 70.00% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 months Guaranteed Interest 6 months …
Funded – Cash Out Refinance in Inglewood, CA. Duplex Property – Rehab, Cash Out Refinance Loan. 60% LTV, Note Rate 11.5%, First Trust Deed, Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $225,000 Est Valuation $375,000 Actual Rent $2,70 Interest Rate 11.50% LTV on Est Value 60.00%…