Recently Funded Hard Money Loan in Placentia: $400,000 @ 9.75%, 2nd TD, Cash-Out, SFR, 62.97% CLTV

Previous successful MVI borrower, business owner and real estate investor is seeking a cash-out 2nd TD of this Non-owner occupied SFR in Orange County.  Proceeds from this loan will be invested to purchase an investment property. Our subject property is a beautiful single-story SFR located in Placentia and sits on a 7,280 sqft lot.  The subject was built…

Recent Transaction in Placentia: $200,000, 2nd TD, Cash-Out, 40.86% CLTV, 8.50% Lender Rate

Successful real estate investors and existing, current Mortgage Vintage borrowers sought a business purpose cash-out 2nd TD on this NOO, 100% Rented, 22 Unit Multi-Family Residential building in Anaheim, CA. The funds from our loan will be used as a down payment on a 4-Plex real estate acquisition also in Anaheim, CA.  Borrowers existing, current…

Cash-Out-Loan-Funded-Placentia

Placentia, CA Download Full Summary Property / Loan Information Property Type SFR Lien Position 1st TD Loan Amount $480,000 Estimated Value $780,000 Occup Owner Occ. Interest Rate 10.25% LTV on Est. Value 61.54% Loan Type Business Purpose Cash-Out Amortization 40 Year amort/due in 3 years Guaranteed Interest 6 months Loan Scenario: 682 Mid FICO Real Estate…