Brief Overview 2nd Trust Deed Offering Description: Co-Borrowers, Real Estate Investors and previous successful MVI Borrowers sought a $500,000 Business Purpose Cash Out 2nd Trust Deed to finish construction on a Non-Owner Occupied Duplex Short Term Rental investment property in Newport Beach, CA. Borrower’s current and in good standing 1st Trust Deed is from PennyMac at a 7.125%…
INVESTOR RATE INCREASED TO 12.75% Borrowers and business owners sought a $2,800,000 business purpose 2nd Trust Deed cash out refinance loan on this owner occupied SFR investment property in “Dover Shores” by Newport Back Bay, the estuary and nature reserve area behind the coastal neighborhoods in Newport Beach, Orange County, CA. The borrowers will be using…
Brief Overview Borrowers and business owners sought a $1,225,000 business purpose 2nd Trust Deed cash out refinance loan on this owner and non-owner occupied Duplex investment property on Balboa Island, Newport Beach, Orange County, CA that is very well located a few blocks from bayfront beaches. The borrowers will be using the loan proceeds to…
Loan Purpose Repeat successful MVI borrowers. Real estate investors and business owners sought a $1,027,500 business purpose 2nd Trust Deed cash out refinance loan on this non-owner occupied SFR investment property in Newport Beach, CA. The borrowers will be using the loan proceeds to pay off an existing MVI 2nd TD that is maturing and…
Borrowers sought a $170,000 business purpose 2nd Trust Deed loan on this non-owner-occupied single-family residence in Corona Del Mar, Orange County, CA. The loan proceeds will be used to make some upgrades to the property. The borrower’s 1st mortgage is with 5th Street Capital and has a principal balance of $2,466,199 with a fixed interest…
Successful real estate investor and business owner sought a $500,000 business purpose 2nd Trust Deed loan on this non-owner occupied SFR investment property in Newport Beach, CA. The borrower is the Founder and CEO of Ducere Global Business School and will be using the loan proceeds for working capital and business expansion. Ducere currently has offices in the…
Business owner and real estate investor sought a $950K 2nd Trust Deed loan on this owner-occupied SFR located in Newport Beach, Orange County, CA. Loan proceeds will be used for Borrower’s Date Cultivation, packaging and sale business (Fountainhead Shrugged, LLC). The borrower secured Walmart as an account for their Coachella grown Dates and needs money to…
Business owner sought a new business purpose cash-out 1st TD on this owner occupied property in Newport Beach, CA in Orange County. Funds from our loan will be used for business expansion and investment purposes. The subject property is a custom built 3,400 SF contemporary SFR sitting on a 4,014 SF lot. The home has…
Successful business owners sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The loan proceeds will be used to support the expansion of the borrower’s growing Telemedicine business “Pioneer Technologies Solutions” and the balance of the funds will be held in funds control and used to…
Successful Mortgage Vintage borrower sought a business purpose cash-out 1st TD on this owner-occupied property in Newport Beach, Orange County, CA. Funds from our loan will be used to provide additional working capital for a growing Gaming business opportunity, Innovative Marketing Concepts, Inc. This new loan will provide additional cash out for the business and…
Borrower sought a business purpose cash-out 1st TD on this “Free & Clear” owner occupied property in Newport Beach, Orange County, CA. Funds from our loan will be used to invest in a new business opportunity. The subject property is single story, ranch style SFR in the highly desirable neighborhood of Newport Beach Heights,…
Successful business owner and Pacific Life 16 year employee sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The purpose of this loan is to pay off an existing $607,500 Business Purpose 2nd TD held by Mortgage Vintage and provide additional cash out to complete the…
Successful business owner is sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The majority of the loan proceeds will be used to support the expansion of the borrower’s growing Telemedicine business “Pioneer Technologies Solutions” and the balance of the funds will be held in funds…
Current Mortgage Vintage borrower and a professional developer sought a cash-out 2nd TD on a non-owner occupied property located in the Balboa Peninsula portion of Newport Beach, Orange County. Proceeds from this loan are being used to complete the construction of the property with $600K being held in Funds Control. At completion, this corner lot…
Experienced real estate investor and business owner sought a cash-out 2nd TD on this non-owner occupied property located in this Balboa Peninsula portion of Newport Beach, Orange County. Proceeds from this loan will be used to complete the renovation of the property. There will be a funds control account established holding $250K. The subject property…
Long-time business owner and Medical Device Attorney was seeking a business purpose cash-out 2nd TD on this owner occupied property in the prestigious Pelican Crest Community in Newport Coast, Orange County. Proceeds from this loan will be invested back into the borrowers business for expenses related to several significant cases nearing resolution. The subject is…
Business owner was seeking a very low LTV cash-out 1st TD on this owner occupied Newport Beach SFR. The proceeds from our Mortgage Vintage loan were used to invest back into the borrower’s psychology practice. The subject is a SFR located in a prime Newport Beach location. The subject property is 2,123 SF and has…
Long-time building owners and retired business owners were seeking a business purpose cash out 1st TD to refinance the existing conventional 1st and 2nd TDs, payoff other debts and made some improvements to this Newport Beach mixed use property. Subject property is a two story 3,610 s.f. mixed use commercial building. Owner lives on the…
Recent Transaction – $900,000 Business Purpose Cash Out, Newport Beach, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out of this non-owner occupied investment property to invest back into his custom modular tent business, Creative Tent International. Property is currently owned free and clear. With projects in more than 60 countries,…
Self-employed borrower was seeking a Business Purpose Cash-Out loan to invest in machine tools and precision measuring devices for their business located in Orange County. Subject is a tri-level condo located in beautiful Newport Beach, California in the Newport Crest community. The Property measures 1,934 sf of gross living area with 4 bedrooms and 2.5…
Newport Beach, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 2nd TD Loan Amount $400,000 Estimated Value $3.8Mil Occup Non-Owner Occ. Interest Rate 11.00% CLTV on Est. Value 50.00% Loan Type Business Purpose Cash Out Amortization Interest Only due in 12 mos. Guaranteed Interest 4 months Loan Scenario: 690 Mid FICO Borrower and Real Estate Investor…