Recent Transaction in Santa Ana: $468,000 1st TD, 60.00% LTV, Cash-out, 9.00% Lender Rate

Real Estate Investor and previous Mortgage Vintage borrower sought a cash-out refinance 1st TD on this “free and clear” mixed use office/residential condominium property in Santa Ana, CA in Orange County.  The property is currently, and has since inception, being used as the Headquarters for Caboraca Investments, Inc.  which is a Real Estate Brokerage and…

Done Deal! Hard Money Loan 1st TD $211,250 in Lake Hughes, CA – Mortgage Vintage

Real estate investor and registered nurse sought a 1st TD to purchase this Lake Hughes non-owner investment property. Property is a 6 unit apartment development.  The subject property consists of five detached cottage-styled units and a detached single family residence.  There is a detached community laundry room.  The property contains a total of 1,608 sf…

Done Deal! Hard Money Loan 1st TD $285,000 Perris, CA – Mortgage Vintage

Previous successful Mortgage Vintage borrower and real estate investor/General Contractor builders sought a business purpose construction loan 1st TD on this Perris, CA lot that was purchased in May, 2018.  Borrowers successfully acquired permits and entitlements to build this SFR.  Funds from our loan are being used to payoff an existing seller carry back lien…

Done Deal! Hard Money Loan 1st TD $150,000 Sacramento, CA – Mortgage Vintage

Borrower is an experienced real estate investor who sought a business purpose 1st TD to purchase this SFR in Sacramento.  The borrower currently makes $5,000 monthly from Airbnb rentals and the estimated rental income for the subject property is $1,710/month, which will more than cover the monthly mortgage payment.  The Purchase Price of the property…

Recently Funded Hard Money Loan – Anaheim: $1,800,000, 1st TD, 60.00% LTV, Lender Rate 8.25%

Borrowers were outstanding previous Mortgage Vintage borrowers with 10 successful loans and 7 paid off, sought a 1st TD to help complete the purchase of this 14-unit multi-family property in Anaheim in Orange County.  The borrowers have a high level of real estate investment experience in and around the Orange County area covering both residential…

Recently Funded Hard Money Loan in Whittier for $681,000 1st TD @ 10.50%, 55.00% LTV on Purchase Price, 49.15% LTV on Appraised Value, Commercial, 36 Mos., 9 Mos Guar Int, $62,425 min inv

Business owner and real estate investor sought a 1st trust deed to complete the purchase of this commercial property in Whittier in LA County.  Though currently vacant, the borrower has a tenant-in-tow that has signed a 3-year lease starting at $7,500/month for the 1st floor of the building.  The lease began July 1st. The subject…

Recently Funded Hard Money Loan – Irvine: $1,030,000, 1st TD, LTV 50.74%, Lender Rate 9.00%

Borrowers are highly experienced real estate investors that sought a 1st TD to purchase this SFR new construction investment property in Irvine in Orange County.  With a background in the hotel and hospitality industry, the borrowers intend to furnish the property at the completion of the construction and then use as corporate housing to maximize…

Recently Funded Hard Money Loan – San Bernardino : $100,000 1st TD, 15.36% LTV, 10.00% Lender Rate

Real estate investor and previous successful MVI borrower is sought a business purpose cash-out 1st TD on this two-unit commercial building in San Bernardino.  Funds from our loan are being used for capital and tenant improvements on both the front and rear building.   The subject property is a commercial property in San Bernardino situated…

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 Closed Commercial Property Situated in Carlsbad, CA: $300,000 3rd Trust Deed, 60.00% CLTV, 12 Month Term.

Long-time real estate investor and  business owner was seeking a business purpose, cash-out 3rd TD on this Industrial Flex property in Carlsbad, CA.  Funds from our loan were used to help relocate his sports flooring and locker manufacturing business to Ensenada, Mexico where he is building a 25,000 SF factory.  For the past 20 years…

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…