Irvine condo loan

COMPLETED! HARD MONEY LOAN IN IRVINE: $265,000 @12.99%, 1ST TD, INVESTMENT PROPERTY, CONDO, 63.86% CLTV

Borrowers, Brokers, Investors, Irvine, Recent Transactions

Mortgage Vintage funded a $265,000 business-purpose cash-out refinance secured by a non-owner-occupied condominium in Irvine, California. The borrower, a 721-FICO investment property owner, sought the loan to bring delinquent property taxes and HOA obligations current while directing remaining proceeds toward business-purpose investment activities. The property was held as a rental investment generating approximately $2,000 per…

Closed! Hard Money Loan in Irvine: $430,000 @12.00%, 2nd TD, Cash-Out-Refinance, Condo, 64.99% CLTV

Brokers, Irvine, Recent Transactions

Brief Overview Loan Scenario: Business owner sought a $430,000 business purpose 2nd Trust Deed cash out refinance loan on this owner-occupied detached condo in Portola Springs Community of Irvine, Orange County, CA. The borrower will be using the loan proceeds to pay off a current and in good standing existing 2nd TD loan, and the balance…

Closed! Hard Money Loan in Irvine: $620,000 @ 10.25%, 2nd TD, Condo, Cash-Out, CLTV 65.23%

Brokers, Irvine, Recent Transactions

Real estate investor sought a cash-out 2nd TD of this non-owner occupied Condo in Orange County.  Proceeds from this loan will be used to payoff two business purpose loans and invest back into the property. Our subject property is a beautiful two-story condominium located in Irvine in the Woodbridge neighborhood of Irvine.  The property is…

Recently Funded Hard Money Loan in Irvine: $305,000 @ 10.50%, 2nd TD, Cash-Out, SFR, 59.40% CLTV

Brokers, Irvine, Recent Transactions

Successful repeat Mortgage Vintage borrowers sought a small 290K 2nd Trust Deed rate and term refinance loan on this owner occupied SFR in the “Turtle Rock” neighborhood of Irvine, Orange County, CA. The purpose of this loan is to refinance out of an existing business purpose 2nd TD with Mortgage Vintage which is current and maturing this…

Recently Funded Hard Money Bridge Loan on Irvine: $915,000 @ 9.50%, 2nd, SFR, 65.00% CLTV

Brokers, Irvine, Recent Transactions

Successful business owners, real estate investors sought a cash-out 2nd TD Bridge Loan on their investment property in Irvine, Orange County, CA.  The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new primary residence in Newport Coast, CA. The borrowers are already under contract on this beautiful new home…

Recently Funded Hard Money Loan – Irvine: $1,030,000, 1st TD, LTV 50.74%, Lender Rate 9.00%

Brokers, Irvine, Recent Transactions

Borrowers are highly experienced real estate investors that sought a 1st TD to purchase this SFR new construction investment property in Irvine in Orange County.  With a background in the hotel and hospitality industry, the borrowers intend to furnish the property at the completion of the construction and then use as corporate housing to maximize…

Recently Funded Hard Money Loan in Irvine, CA for $246,100

Brokers, Irvine, Recent Transactions

Irvine, CA Download Recent Transaction – $246,100 Business Purpose Cash-Out Loan Irvine, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $246,100 Broker Price Opinion $1.234Mil Occup Owner Occ. Lender Rate 9.50% CLTV on BPO 65.00% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 24 mos. Guaranteed Int.…