Done Deal! Purchase in Orinda: $660,000 1st TD, 80% LTV, 10.99% Lender Rate

Real estate investor, previous Mortgage Vintage borrower and experienced Fix & Flip general contractor is sought a business purpose loan to purchase this prime fix & flip opportunity in Orinda, Contra Costa County, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Orinda’s desirable Ivy Drive neighborhood. The 1,572 SF home is situated on…

Recently Funded Commercial Purchase Transaction: $1,418,400 1st TD @ 8.50%, 60.00% LTV, Purchase, NOO, 36 Month Term.

Investment Scenario: 788 credit score borrower and long-time business owner was seeking a business purpose 1st TD to purchase this industrial building in Fullerton, CA in Orange County. The subject property was a 12,000 SF industrial building with 3 tenants – 100% occupancy.  The building was 12,000 SF.  Each unit offered an entrance from East…

Recently Funded Ground-up Construction Loan: $625,900 1st TD, SFR, 9.50% Lender Rate 55.00% LTV on ARV, 100% Funds Control of Budget, Rancho Cucamonga, CA

Real estate investor/builder was seeking a business purpose construction loan 1st TD on this Rancho Cucamonga permitted and entitled lot that he purchased in Dec. 2019.  Funds from our loan were used to payoff an existing lien on the property as well as fund the construction of the approved and permitted project.  At completion, the…

Closed! SFR Purchase in Orinda, CA: $656,250 1st TD, 9.50% Lender Rate, Orinda, Contra Costa County, CA

Previous successful MVI borrower and highly experienced general contractor was seeking a business purpose 1st TD to purchase this SFR in Orinda, CA in Contra Costa County.  Upon the close of escrow the borrower then put his 15 years of experience to work to remodel the kitchen, bathrooms, replace the roof and paint the home. …