Loan Summary Borrower sought a 2nd TD business purpose cash out refinance on this owner occupied condo in the “Faubourg St. Denis” luxury boutique 22-unit condo complex in the highly desirable Hancock Park / Mid-Wilshire / Beverly Hills area of Los Angeles. The loan proceeds will be used to pay off an existing and in good…
Loan Purpose Refinance and consolidate existing debt secured by 1820 W. Martin Luther King Jr. Blvd. Business-purpose cash-out loan structured as non-owner occupied Loan proceeds primarily used to pay off existing first and second liens Limited net cash to borrower after payoff, fees, and prepaid interest Structured as a short-term bridge rather than a construction…
Loan Purpose Repeat Mortgage Vintage borrower and experienced business owner, sought a business-purpose, non-owner-occupied Blanket 1st/2nd Trust Deed blanket loan to acquire a 17-unit fully occupied multi-family property located on Vermont Avenue in Los Angeles, while cross-collateralizing an existing 5-unit multi-family property on 40th Place in Los Angeles. Loan proceeds will be used to purchase…
1. Loan Purpose The previously successful Mortgage Vintage Borrower sought a business-purpose loan secured by an existing 8-unit multifamily asset in Los Angeles. Loan proceeds will be used to refinance an existing Mortgage Vintage 1st Trust Deed and provide remodel funds and small cash-out liquidity to the borrowing entity. Based on the information provided, the transaction…
Brief Overview Successful repeat MVI borrowers and business owners sought a 2nd TD business purpose cash-out loan secured by an owner-occupied Estate SFR in the highly desirable “Hollywood Hills” neighborhood, with panoramic ocean, downtown LA city, the Hollywood Sign and Griffith Observatory views. The funds will be used to pay off a current, and good…
Brief Overview Loan Purpose: The borrower sought a $500,000 2nd Trust Deed secured by a single-family residence in Los Angeles. Loan proceeds will be used to complete the landscaping phase of a construction project, which includes an outdoor kitchen, hardscape, irrigation, lighting, and other exterior improvements. The full construction budget of $500,000 will be held…
Overview Repeat, successful Mortgage Vintage borrower and real estate investor sought a $400,000 business purpose 1st Trust Deed cash out loan on this “free and clear” non-owner occupied mixed-use residential and commercial investment property in Los Angeles, Los Angeles County, CA. The borrowers will be using a small portion of the loan proceeds for cosmetic…
1. Loan Purpose: Real estate investors sought a 2nd Trust Deed on this non-owner-occupied property in, Hancock Park, Los Angeles. Borrowers purchased the property in 2020 and paid $375k on Down Payment and have spent $874k to date on the horizontal and vertical development. The borrowers own a family-owned and operated Real Estate Development firm,…
1. Loan Purpose: Successful Mortgage Vintage borrower and real estate investor sought a $1,300,000 1st Trust Deed business purpose cash-out loan on this non-owner occupied, fully occupied, and recently renovated 8-unit multi-unit property in Los Angeles, CA. The funds from the loan will be used to payoff an existing maturing loan and to make some…
Successful Mortgage Vintage Borrower and Real estate investor is seeking a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. $430k of the funds from our loan will be put into Funds Control to construct 2 fully permitted ADU units in the back of this subject property. Exit strategy…
1. Loan Purpose: Successful Mortgage Vintage borrowers and successful real estate investors sought a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. 100% of the funds from our loan proceeds will be put into Funds Control to reconfigure the existing Duplex and add 2 new fully permitted ADU…
Real Estate Investor and successful business owner sought a business purpose cash-out 1st TD on this ‘free and clear,’ non-owner-occupied investment mixed-use property in Los Angeles, CA. The subject property is comprised of two side-by-side parcels and is leased out to a cosmetic automotive car detail and improvement shop for a total of $4,500/mo. A clean…
Borrower shows substantial cash reserves and net worth to service debt who is the Owner and Founder of “Vista Paint”. Borrower and his business partner, owner of commercial real estate company in Rancho Mirage, both placing personal guarantees on this loan. Loan Purpose: investment into Coachella Valley large development project. Exit plan: pay off this…
Real estate investor sought a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. 100% of the funds from our loan proceeds will be put into Funds Control to reconfigure the existing Duplex and add 2 new fully permitted ADU units in the back of this subject property. Exit…
Successful Mortgage Vintage Borrower sought $286,000 business purpose 2nd Trust Deed loan on this non-owner-occupied duplex in Los Angeles, CA. The loan proceeds were used to payoff a current and in good standing 2nd TD that we currently hold and the rest of the proceeds will be used to make minor repairs to the property.…
Very successful real estate investor who is 100% owner of a total of 8 investment properties throughout Los Angeles County sought a 2nd TD business purpose cash out loan on this newly built 13 Unit Apartment Building in Los Angeles, Los Angeles County, CA. The subject property is 100% fully occupied. Borrower purchased the property in…
Business owners sought a $365,000 business purpose 2nd Trust Deed loan on this owner-occupied single-family residence in Los Angeles, Los Angeles County, CA. Loan proceeds will be used for Borrower’s business, Powerfade Marketing, LLC (https://powerfademarketing.com). A Powerfade P&L for 2023 is in the CTD Due Diligence File and shows a company Net Income of $405k.…
Successful real estate investor and business owner sought a $990,000 2nd TD business purpose loan on this SFR investment rental property (AirBnB/VRBO) in Hollywood Hills, Los Angeles, CA. The purpose of this loan is to pay off an existing current and in good standing $200,000 2nd TD and the balance of funds will be used for minor…
Successful real estate investor, business owner and repeat MVI borrower sought a $1,000,000 2nd Trust Deed business purpose cash out refinance loan on this owner occupied, SFR estate located in the desirable high-end “Brentwood” neighborhood, bordering Bel Air and Pacific Palisades in Los Angeles, CA. The purpose of this loan is to pay off an existing…
Successful Mortgage Vintage borrower and business owner sought a Blanket $334,658 2nd Trust Deed cash-out loan on these three non-owner-occupied duplexes in Los Angeles, Los Angeles County, CA. The loan proceeds will be used to help the borrower payoff another investment property in his real estate investment portfolio. The three separate 1st mortgages are all with…
Business owners sought a small $110K 2nd Trust Deed business purpose loan on this owner-occupied + rental Duplex in Los Angeles, CA. 100% loan proceeds will be used to upgrade and expand borrowers’ landscaping business. The borrower’s 1st mortgage is with Wells Fargo and has a principal balance of $326,707 with a fixed interest rate of…
Successful business owner sought a $352,000 business purpose 2nd Trust Deed loan on this non-owner-occupied investment SFR in the Hollywood Hills of Los Angeles, CA. The borrower lives in Miami, Florida and will use the funds to finish cosmetic upgrades on this home so that he can sell the property in 3-6 months for maximum…
Borrower is an Attorney and Partner at AALRR law firm in Pasadena, CA Borrower earns estimated $289K annual income from law practice. Borrower also had approx. $489K liquid assets which include $354K in retirement accounts. Borrower projects $34,800 monthly rental income from this sought after “Mid-Wilshire” location Four-Plex investment property when Two ADUs expansion completed.…
Real estate investors sought a 1st TD Cash Out refinance loan on this non-owner occupied, SFR investment property in Los Angeles, Los Angeles County, CA. The use of funds will be to pay off an existing 1st TD and a balance will be used for minor upgrades to subject property. Subject property is a bungalow,…
Real estate investors are seeking a 1st TD Cash Out refinance loan on this non-owner occupied, SFR investment property in Los Angeles, Los Angeles County, CA. The use of funds will be to pay off an existing 1st TD and a balance of $60K will be used for minor upgrades to subject property. Subject property is a…
Business owner and 707 and 770 credit score borrower is seeking a cash-out business purpose 2nd TD to invest into his medical practice located in Los Angeles and associated with Cedars. The subject property is a 3,774 sf single-family residence, built in 1991 and located in West Los Angeles, CA. The subject property has 5…
Real estate investor sought a new business purpose purchase 1st TD on this non-owner occupied 3 unit investment property in Los Angeles, CA. The subject property is 2,240 SF contemporary style duplex sitting on a 6,346 SF lot. The home has 15 total rooms with 6 BR/4 BA and a 1-car attached garage. Property consists of…
Borrower has personally invested a total of $432K “skin in the game” into subject property; including purchase down payment on property and remodeling expenses paid out of pocket to date. 23 years’ experience borrower with history of borrower’s Fix & Flip remodel successes in Investor Dropbox. Our loan will pay off an existing, current and…
Successful business owner and real estate investor sought a small 200K 2nd Trust Deed business purpose cash out loan on this Fourplex (4 Unit) investment property near the “Beverlywood” neighborhood of Los Angeles, Los Angeles County, CA. The purpose of this loan is to pay off a current and in good standing 100K HELOC and the…
Business owner and real estate investor sought a new business purpose cash-out 1st TD on this non-owner occupied commercial property in Los Angeles. Co-Borrower has a high FICO and is the Borrower’s wife and is a successful Dr. with her own practice in Santa Monica. Los Angeles and has her own Funds from our loan…