Recently Funded Hard Money Loan in Los Angeles: $690,000 @ 6.00%, 1st TD, Multi-Family, 29.61% LTV, Cash-Out Refi

Successful real investor sought a 1st TD business purpose cash-out refinance loan on this 8 unit, non-owner occupied, apartment building in Los Angeles, Los Angeles County, CA.  Funds from our loan will be used to pay off a small, current $140k 1st TD and the balance of the funds will be used for interior and…

Done Deal! Hard Money Loan in Los Angeles: $330,000 @ 11.00%, 2nd TD, Cash-Out, 60.59% CLTV

Experienced real estate investor and attorney sought a business purpose cash-out 2nd TD on this non-owner occupied SFR rental property in Westwood, Los Angeles County, CA.  The funds from our loan will be used  towards the purchase of two 5 acre investment mining properties in CA and to bring current the existing 1st TD in…

Closed! Fix and Flip in Los Angeles: $360,000 1st TD, 67.29% LTV on Purchase Price, 8.50% Lender Rate

Experienced real estate investor and Licensed General Contractor sought a business purpose 1st TD to purchase and “Fix and Rent” this investment property Triplex in Los Angeles, CA.  Upon the close of escrow the borrower will immediately begin remodeling Triplex then refinance the property into a conventional loan.  The borrower only sought purchase money, he…

Done Deal! Hard Money Loan 1st TD $100,000 Los Angeles, CA – Mortgage Vintage

Real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Los Angeles, CA in Los Angeles County.  Funds from our loan will be used to payoff an existing 1st and additional cash-out to make minor improvements to the subject property.   The subject property is 1,115 SF contemporary…

Recently Funded Fix and Flip in Los Angeles: $353,624, 1st TD, 80% LTV on Purchase Price + 80% of Rehab Cost, 9.00% Lender Rate

Real estate investor and long-time general contractor was seeking a business purpose purchase loan to Fix & Flip this SFR in Los Angeles.  The loan of choice for this scenario was the “MVI 80/80” fix & flip loan where we provide 80% of the purchase price and 80% of the rehab cost all on one…

Recently Funded Hard Money Loan – Los Angeles: $115,000, 2nd TD, 50.55%, 10.00% Lender Rate

Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…

Recently Funded Hard Money Loan – Big Bear : $360,000 1st TD, 36.72% LTV, 10.00% Lender Rate

Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…

Recently Funded Hard Money Loan – Los Angeles: $175,000, 2nd TD, 63.38% CLTV, 11.00% Lender

Business owner was seeking a cash-out 2nd TD to invest back into a real estate investment business owned with her husband. Funds from our loan will be used for investing in distressed properties. The subject is a 2 story, 6 BR/3 BA Duplex located in the Boyle Heights neighborhood of Los Angeles. The property measures…

Recently Funded Hard Money Loan – Los Angeles: $564,000, 2nd TD, 58.52% CLTV, 10.50% Lender

Long time business owner was seeking a cash-out 2nd TD on this beautiful Westchester SFR in Los Angeles to payoff an existing 2nd & 3rd and cash-out for his business.  Borrower owns a successful landscape company specializing in design, maintenance and construction:  http://brownlandscapeco.com/.  The loan proceeds from our MVI loan will be invested back into…

Recently Funded Hard Money Loan – Los Angeles: $550,000, 1st TD, 64.71% LTV, 9.00% Lender

The borrower and real estate investor were seeking a new 1st TD to payoff existing mortgage and cash-out for reserves on this Los Angeles multi-unit apartment building. The subject property is a 5-unit apartment building that offers 2 freestanding buildings.  The buildings are 2-stories with good “class D” quality construction. Building measures 4,750 SF and…

Recently Funded Hard Money Loan – Los Angeles: $1,000,000, 1st TD, 10.00% CLTV, 9.25% Lender Rate

Real Estate Investor, General Contractor and Architect was looking for a business purpose cash-out 1st TD to complete plans and develop hillside property into a 78 unit apartment complex in the Baldwin Hills area of Los Angeles. Borrower’s exit strategy was to obtain a Take-Out construction loan to complete development. Subject View Property is a…

Recently Funded Hard Money Loan – Los Angeles: $125,000, 1st TD, 15.15% LTV, 6.75% Lender Rate

Real estate investor and 30-year FedEx employee was seeking a cash-out 1st TD on this LA non-owner occupied investment property to make improvements and updates to the same property. Property is a 2-story, 3 bedroom / 1.5 bath SFR located in Leimert Park neighborhood of Los Angeles. The property measures 1,671 sf of gross living…

Recently Funded Hard Money Loan – Los Angeles: $50,000, 2nd TD, 60.53% CLTV, 13.99% Lender Rate

Borrower and real estate investor was seeking a cash-out 2nd TD to make home improvements to the subject property. The subject property is located in the Avalon Gardens neighborhood of Los Angeles. The single-story home sits on a 5,030 sqft lot and comprises 3 bedrooms and 1 bath with 898 sqft.  The property is conveniently…

Recently Funded Hard Money Loan – Los Angeles: $150,000, 1st TD, 21.13% LTV, 7.00% Lender

808 credit score real estate investor and long-time business owner was seeking a cash-out 1st TD.  Loan proceeds from our Mortgage Vintage loan were used to purchase another investment property. The property is tri-plex located in the Jefferson Park neighborhood of Los Angeles.  Property measures 2,490 sf of gross living area and is situated on…

Recently Funded Hard Money Loan in Los Angeles for $1,020,000.00

Self-employed, strong credit score borrower was seeking a business purpose cash out refinance loan to refinance the existing loan on this multi-family property.  Borrower has owned the property since 2009. Subject is a 100% occupied property which consists of 3 parcels totaling 23,161 square and is located on a commercial/residential street. The Property is an…

Recently Funded Hard Money Loan in Los Angeles, CA For $425,100.00

Real estate investor and self-employed borrower was seeking a business purpose cash-out refinance to payoff existing 1st TD and make improvements to the property. Subject is a 2-story, 4-unit multi-family property located in Los Angeles.  Property measures 2,810 sf of gross living area, and is situated on a 4,996 sqft lot. Property consists of two…

Se Habla Español

  Mortgage Vintage and CrowdTrustDeed offer full Spanish speaking capabilities to all stakeholders Mortgage Vintage provides hard money lending guidance in both Spanish and English.  As a fluent Spanish speaker, I easily communicate with our Hispanic borrowers.  The opportunity to speak in Spanish allows the Hispanic borrower to comfortably review the loan scenario without concern…

Recently Funded Hard Money Loan in Los Angeles, CA for $256,750

Recent Transaction – $256,750 Business Purpose Cash Out in Los Angeles Borrower was seeking a Business Purpose Cash-Out Refi to refinance the existing first TD and make improvements to this non-owner occupied property.  Borrower and co-borrower are both employed with steady work histories having been at their jobs for over 10 years, respectively. Subject property…

Recently Funded Hard Money Loan in Los Angeles, CA for $600,000

Long time homeowner and Self-employed Borrower was seeking a business purpose cash out loan to invest in borrower’s business.Subject is a split-level 4 bdrm/3.0 ba Single Family Residence located in the desirable Hollywood Hills area just above Sunset Strip. Property is upgraded throughout, with a terraced backyard and several patio areas, swimming pool/spa, and fountains.…