Successful MVI Borrowers and Real Estate Developers, https://fairbrook.com/company/, sought a 1st TD to refinance this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. The Borrowers acquired this property in 2021 and have since invested a total of $2.8 million…
Successful MVI Borrowers and Real Estate Developers sought a 1st TD to purchase this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. Borrowers have contributed to and secured $2.2 Million in Equity for this project and have an initial…
Borrower and business owner was seeking a business purpose cash-out 1st TD on this owner occupied SFR in Moreno Valley in Riverside County. The MVI loan paid-off an existing private money 1st TD as well as provide cash-out for working capital for the borrower’s business as well as funds for home improvements. The subject is…
Previous successful borrower, foreign national real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. Borrower was a previous successful Mortgage Vintage client and owns several investment properties…
Moreno Valley, CA – Funding Now Download Full Summary – Moreno Valley, CA Property / Loan Information Property Type SFR Lien Position 1st Trust Deed Trust Deed Amount $135,000 BPO Value $225,000 Amortization and Term Interest Only due in 3 years LTV on BPO Value 60.00% Loan Type Business Purpose Cash-Out Occupancy Non-Owner Occupied Rate for Investor 10.00% Loan…
Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $217,750 Purch. Price $335,000 Occup Non-Owner Occ. Interest Rate 10.50% LTV on Purch. Price 65.00% Loan Type Rental Purchase Amortization 40 Year amort/due in 5 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investors and owners…
Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $129,000 BPO Valuation $215,000 Occup Non-Owner Occ. Interest Rate 11.50% LTV on Est. Valuation 70.00% Loan Type Business Purpose Cash-Out Amortization 30 Year amort/due in 2 years Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking…
Moreno Valley, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $81,900 As Is Valuation $126,000 After Repair Value $140,000 Monthly Rent $1,250/mo LTV on ARV 41.63% Loan Type Purchase Amortization 40 Year amort/due in 36 months Prepay Penalty 6 months