What is a Preliminary Title Report ?

When purchasing, selling or refinancing a property, the Preliminary Title Report (Prelim) shows critical elements of a Properties Chain of Title that must be verified and or cleared to transact.  A Preliminary Title Report can be obtained from a Title Company with a local County presence where the property resides.  While managing the prelim is…

California Accessory Dwelling Unit (ADU) Opportunities Update

This Blog is an update to our Additional Dwelling Unit (ADU) Blog published in Sept. 2018.  Many new developments have happened in the last 1½ years relating to ADU’s that influence ADU requirements, development, construction, laws and financing. Recently I organized and spoke on a California Mortgage Association (CMA) Seminar Panel regarding ADU’s and this…

How “E” Can You Be in Private Money Lending

It’s never been clearer that there’s been a major pivot in the race to achieve the best hard money lending experience.  It is clear the Digital Mortgage experience is more important than ever to lenders’ and loan officers’ production, profit and customer satisfaction. I recently joined Brian Boike, VP of Product Management at Simplifile, to…

Gaps, Cracks and Whacks: A Hard Money Lenders Guide to Identifying and Preventing Poor Quality Contractors and Construction

Many hard money loans in Orange County involve a borrower rehabbing or repositioning a property before a sale or rental. The resulting property sale or rental will happen faster when the rehabber deploys proper project management and quality construction. A well-run project will facilitate a timely exit and the lender won’t have to fix substandard…

Hard Money Loans & Trust Deed Investments – Test, Measure, Iterate

As CrowdTrustDeed enters its 4th year, I want to thank you for your continued support. When Mortgage Vintage founded and established CrowdTrustDeed on January 1, 2015, our vision was to use technology and data to help our borrowers and brokers receive a more streamlined origination process that provided more surety of funding while facilitating better Trust…

Hard Money Loans Solve Real Problems

In a recent top-rated business Podcast, Tony Robbins stated that “The Best Business’ Solve Real Problems.” Besides being simplistic, direct, transparent, and fast, Hard Money Loans and Trust Deed Investments solve real issues that finance seeking professionals encounter. This month’s Blog analyzes the problems facing Orange County and other Southern California Mortgage Brokers, Business Owners,…

Cannabis Business Purpose Loan

Sandy with Congressman Dana Rohrabacher at the recent 2017 Cannabis Business Expo in San Diego. Sandy and Mortgage Vintage launched their Cannabis Business Purpose Loan Program that provides cannabis-related business loans secured by California Real Estate. The ability to back cannabis businesses with Real Estate secured loans gives this program an extra advantage in the…

Leverage Fintech and the Internet

The Internet continues to destroy old and create new business models.  Disintermediation runs rampant.  How does a financial services business survive and thrive in the Financial Technology “FinTech” space and create a profitable business model in today’s Internet world? Old Business Model Internet Model Principle Banks Marketplaces and Crowdfunding 1 Blockbuster Netflix 2 Credit Cards…

Recently Funded Hard Money Loan in Van Nuys for $150,000

Van Nuys, CA                   Download recent-transaction-2nd-business-purpose-cash-out-loan-funded-van-nuys-ca Property / Loan Information Property Type SF Condo Lien Position  2nd TD Loan Amount $150,000 BPO Value $569,900 Occup Owner Lender Rate 10.50% CLTV 45.27% Loan Type Business Purpose Cash-Out Amortization Interest Only Due 60 mos. Guaranteed Int. 6 months  …

Recently Funded Hard Money Loan in Yorba Linda for $60,000

  Yorba Linda, CA         recent-transaction-2nd-business-purpose-cash-out-loan-funded-yorba-linda-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $60,000 BPO Value $375,000 Occup. Non-Owner Lender Rate 10.50% CLTV on BPO             58.13% Loan Type Business Purpose Cash-Out Amortization Interest Only Due in 24 mos. (Balloon) Gtd.…

Recently Funded Hard Money Loan in Simi Valley for $65,000

  Simi Valley, CA         recent-transaction-2nd-td-investment-property-cash-out-loan-funded-simi-valley-ca Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $65,000 BPO Value $540,000 Occup. Non-Owner Lender Rate 9.50% LTV on BPO             12.04% Loan Type Investment Prop. Cash-Out Amortization Interest Only Due in 6/2017 (Balloon) Gtd. Interest  …

Recently Funded Hard Money Loan in Eureka for $120,000

Eureka, CA             DownloadRecent Transaction – Business Purpose Purchase Loan Funded – Eureka, CA Property / Loan Information Property Type  SFR Lien Position  1st TD Loan Amount $120,000 BPO Value $175,000 Occup Non-Owner Lender Rate 10.00% LTV on BPO Value 68.57% Loan Type Business Purpose Purchase Amortization Interest Only Due in…