Loan Summary: Real estate investor sought a business purpose 1st TD on this non-owner occupied, fully renovated single-family ranch-style residence located in the desirable El Dorado neighborhood of Long Beach, California. The purpose of this loan is to pay off a $773,000 1st TD. The borrower purchased the property as an investment fix-and-flip project and has invested…
Mortgage Vintage successfully funded a $747,500 rate and term refinance for a real estate investor on their non-owner occupied single-family property in Long Beach’s desirable El Dorado neighborhood. The borrower utilized the loan to pay off an existing $773,000 first trust deed while bringing $80,000 cash to closing. This investment property had been fully renovated…
Borrowers and family run business owners sought a 2nd Trust Deed on this owner occupied SFR located in a suburban neighborhood in Long Beach, Los Angeles County, CA. The purpose of this loan is to pay off an existing and in good standing $63K 2nd TD business purpose loan and the balance used to reinvest…
Successful wage earner and real estate investor sought a short-term $1,460,000 blanket 1st Trust Deed cash-out refinance on these two non-owner-occupied multi-family rentals in Long Beach, Los Angeles County, CA. The borrower is currently going through a divorce which is to be finalized in the next couple months. He has been ordered to pay his…
Experienced real estate investor is seeking the cash-out business purpose loan to payoff the existing loan and to make some minor improvements to the property. The property consists of two structures with each structure containing 2 units for a total of 4 units. Total square footage is 2,177 sf with two units being 533 sf…
Successful business owner and real estate investor sought a 1st Trust Deed to refinance an existing, current and in good standing $1.1M 1st TD and 100% balance of the funds will be placed into Funds Control to complete permanent renovation property improvements on this commercial-industrial building in Long Beach, Los Angeles, CA. Borrower’s total personal “skin in…
Real estate investor, business owner and successful Mortgage Vintage borrower sought a new business purpose cash-out 1st TD refi on this non-owner occupied 3-unit multi-family property in Long Beach in LA County. The borrowers $210k 1st TD that this loan is paying off is current and has performed perfectly. Funds from our loan will be…
Successful real estate investor and full time wage earner is seeking a cash-out 1st TD on this non-owner occupied property in Long Beach, CA. Loan proceeds will be used to improve the property and pay off a HERO loan. The subject property is a 1,014 SF row-house styled condo in Long Beach, Los Angeles County. …
Real estate investor business owner and current Mortgage Vintage borrower sought a new business purpose cash-out 1st TD on this non-owner occupied 3-unit multi-family property in Long Beach in LA County. The borrowers current $100k loan that this loan is paying off is current and has performed perfectly. Funds from our loan will be used…
Long Beach, CA Download Recent Transaction – $158,000.00 Consumer Purpose Cash Out – Long Beach, CA Property / Loan Information Property Type Duplex Lien Position 2nd TD Loan Amount $158,000 BPO Value $800,000 Occup Non-Owner Occ. Lender Rate 9.00% CLTV on BPO 36.63% Loan Type Consumer Cash-Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 Months…
Long Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $250,000 BPO Value $440,000 Occup Non-Owner Occ. Interest Rate 10.99% LTV on BPO Value 56.82% Loan Type Business Purpose Cash Out Amortization Interest Only due in 12 mos. Guaranteed Interest 6 months Loan Scenario: 730 Mid FICO Real Estate Investor and…
Long Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $50,000 Est. Valuation $350,000 Occup Owner Occ. Note Rate 13.50% CLTV on Est. Valuation 55.26% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Owner-Occupant looking for cash-out…
Long Beach, CA Download Full Summary Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $220,000 Est Valuation $834,609 Occup Non-Owner Occ. Interest Rate 15.00% LTV on Est Value 26.36% Loan Type Business Purpose Cash-Out Refi Amortization 40 Year amort/due in 12 months Guaranteed Interest 3 months