LOAN PURPOSE Borrower sought a Business Purpose cash-out 2nd Trust Deed loan on their owner-occupied single-family residence located at 569 S. Fenimore Ave., Covina, CA. Proceeds will be used to renovate an investment property located at 1211 Stringer Ave., Los Angeles, CA a single-family home featuring 2 bedrooms and 1 bathroom, encompassing 754 square feet…
Executive Summary Borrowers sought a 2nd TD business purpose cash-out loan secured by an owner-occupied, full renovated single-family residence located in Cedar Glen, San Bernardino, CA – located 1 mile from Lake Arrowhead. The purpose of this loan is reinvestment into their high-end fashion and design Flaunt magazine. Property Overview The subject property is a…
1. Loan Purpose: Borrower, business owner, and successful Mortgage Vintage borrower sought a Business Purpose purchase 1st Trust Deed loan to purchase this commercial property in San Jacinto. Borrower operates, an e-commerce business that specializes in western apparel and accessories for men, women, and children. In addition to clothing, they also offer pet-related products, catering…
Loan Purpose Borrowers and real estate investors sought a Business Purpose Cash-Out 2nd Trust Deed loan on this non-owner-occupied property located in San Diego. Loan proceeds will be used to do light renovations to the property to prepare it for a new rental. The Borrower has the rental property professionally managed by Utopia Management. The existing…
1. Loan Purpose: Borrower sought a 2nd Trust Deed Bridge Loan on this owner-occupied property in the Santa Monica area. Loan proceeds will be used to prepare the property for sale and help with the Down Payment for the new home purchase. The Borrower will be listing the property for sale upon the purchase of his…
Executive Summary Borrower sought a 2nd TD cash-out loan secured by an owner-occupied single-family residence located in Buena Park, Orange County, California. The loan proceeds will be used to acquire a 25% ownership interest in a business consulting firm. Property Overview The subject property is a well-maintained, two-story colonial-style single-family residence in Buena Park’s most…
Executive Summary: Borrower sought a 1st TD cash out loan secured by a non-owner-occupied investment SFR located in a suburban neighborhood of Los Banos, Merced County, California. Borrower is employed by the U.S. Air Force and demonstrates a reliable income of over $100K in addition to another income generating investment property in Missouri. The borrower…
Loan Overview: An experienced Mortgage Vintage borrower—an entrepreneur and seasoned real estate investor—sought a first Trust Deed, cash-out loan secured by a recently acquired single-family residence in Santa Ana, CA. The borrower, will use the loan proceeds to complete a full property renovation and construct two ADU’s (Accessory Dwelling Units), maximizing the property’s value before sale. Loan Purpose: The property was purchased…
Executive Summary: Real estate owner-broker and investor sought a 2nd TD, rate-and-term refinance loan on a well-located commercial property, right on the 111 HWY near El Paseo shopping district, in Palm Desert, CA. The borrower is the owner, founder, and broker of www.firmcompanies.com, a company specializing in commercial real estate and property management throughout the Coachella Valley.…
Executive Summary: Borrowers sought a 1st TD purchase bridge loan secured by two owner-occupied single-family residences located in Hacienda Heights and San Dimas, Los Angeles County, California. Both properties are recently upgraded and located in nice, suburban residential neighborhoods. The borrowers are leveraging the equity in their “free and clear” Hacienda Heights residence to purchase…
General Contractor and real estate investor sought a $175,000 second trust deed business-purpose cash-out loan secured by a non-owner-occupied, single-family rental property in Duarte, Los Angeles County, CA—just 15 minutes east of Pasadena. Loan proceeds will be placed in a funds control account to finance the construction of a 1,000 SF Accessory Dwelling Unit (ADU) on the property. This General Contractor successful…
Trust Deed Opportunity Summary: A qualified borrower with extensive real estate experience sought a 1st Trust Deed refinance loan secured by two properties: An owner-occupied, free-and-clear Single-Family Residence (SFR) in La Mirada, Los Angeles County, CA A fully occupied, mixed-use commercial/residential property in Los Angeles, Los Angeles County, CA The loan proceeds will be used to…
Investment Opportunity: 1st Trust Deed Refinance Loan A highly qualified borrower, a proven track record as a repeat Mortgage Vintage investor, and extensive real estate experience sought a 1st Trust Deed refinance loan for a newly built, non-owner-occupied multifamily property in Santa Ana, Orange County, CA. The loan proceeds will refinance existing Mortgage Vintage maturing construction loans. Property Overview:…
1. Loan Purpose: Real estate investors sought a 2nd Trust Deed on this non-owner-occupied property in, Hancock Park, Los Angeles. Borrowers purchased the property in 2020 and paid $375k on Down Payment and have spent $874k to date on the horizontal and vertical development. The borrowers own a family-owned and operated Real Estate Development firm,…
1. Loan Purpose: Experienced real estate investor and builder sought a 1st Trust Deed on this investment, non-owner occupied brand-new construction SFR located in a Paradise, Butte County, CA. The purpose of this loan is to pay off an existing and in good standing $100K 1st TD maturing and the balance placed into $145K Funds…
1. Loan Purpose: Successful Repeat Mortgage Vintage borrowers and real estate investors sought a $1,235,000 1st Trust Deed Rate and Term Refinance loan on this non-owner-occupied, Mixed-Use property off S. Main and Edinger in Santa Ana, Orange County, CA. The funds from the loan will be used to pay off existing, Mortgage Vintage maturing loans.…
1. Loan Purpose: 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…
Loan Purpose: Successful Mortgage Vintage Borrower sought this 1st TD cash-out loan on this recently purchased Free and Clear SFR plus ADU and JADU in Santa Ana. Loan proceeds on this Free and Clear property will be used to complete the current renovation, adding an ADU and JADU to the existing single-family residence. 2. Property…
1. Loan Purpose: Successful Mortgage Vintage borrower and real estate investor sought a $1,300,000 1st Trust Deed business purpose cash-out loan on this non-owner occupied, fully occupied, and recently renovated 8-unit multi-unit property in Los Angeles, CA. The funds from the loan will be used to payoff an existing maturing loan and to make some…
1. Loan Purpose: President/CEO sought a 2nd Trust Deed on this owner occupied SFR located within the privately gated “Covenant Hills” suburban neighborhood in Ladera Ranch, Orange County, CA. The purpose of this loan is to pay off an existing and in good standing $346K 2nd TD business purpose loan and the balance used to…
1. Loan Purpose: Borrower and real estate investor sought a $255,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied fully tenant-occupied tri-plex in San Diego. The loan proceeds will be used to complete a 2-unit ADU. The complete project is $449,000 to build. The Borrower has already paid $237,000 in costs towards…
1. Loan Purpose: Borrower and real estate investor sought a $345,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied, recently renovated and fully tenant occupied, detached duplex investment rental property in Duarte, Los Angeles County, CA. The city of Duarte is located 15 minutes east of Pasadena, CA. The funds from this…
CEO/Founder of Sterogene Bioseparations, Inc. https://sterogene.com/company/ a biotech-pharmaceutical company and real estate owner sought a business purpose cash out loan on an owner-occupied SFR in Rancho Santa Fe and an investment rental condominium in Carlsbad, both in San Diego County. The purpose of this blanket loan is to pay off borrowers current and in good…
Successful Mortgage Vintage Borrower and Real Estate Investor is seeking a Business Purpose Refinance 2nd Trust Deed on this owner occupied property in Buena Park. This is refinance of an existing loan. The original loan was used to to acquire 8-acres of fully entitled and permitted land in Indio, CA to build a 132 bed…
Borrower sought a small business purpose 2nd Trust Deed on this investment townhome located in a gated community in Old Torrance, “Villages on Oak”, Los Angeles County, CA. The purpose of this loan is to remodel borrower’s “Togo’s sandwich restaurant located in Burbank, CA. Borrowers’ 1st mortgage is current with a principal balance of $400K…
Successful Mortgage Vintage Borrower and Real estate investor is seeking a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. $430k of the funds from our loan will be put into Funds Control to construct 2 fully permitted ADU units in the back of this subject property. Exit strategy…
1. Loan Purpose: Repeat successful MVI borrowers are seeking a 2nd TD rate and term business purpose loan of this owner occupied SFR in Aguora Hills, Los Angeles County, CA. The purpose of this loan is to pay off a $200K MVI loan that is maturing. The current and in good standing 1st TD is $532,904…
1. Loan Purpose: 766 and 795 credit score borrower and Business owner is seeking the 2nd Trust Deed cash-out loan to invest into their business, Citation Capital (website: https://citationcp.com). The existing first mortgage is with Morgan Stanley with a current balance of $1,290,426.65, a current adjustable interest rate of 2.55%. The first mortgage matures December 1,…
Borrower sought a business purpose 2nd Trust Deed on this investment rental property in Jurupa Valley, Riverside County, CA.. The purpose of this loan is to pay off an existing $65K 2nd TD and the balance will be invested into borrower’s autobody company. Borrowers’ 1st mortgage is current with a small principal balance of $47,507…
1. Loan Purpose: Successful Mortgage Vintage borrowers and successful real estate investors sought a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. 100% of the funds from our loan proceeds will be put into Funds Control to reconfigure the existing Duplex and add 2 new fully permitted ADU…