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 Hard Money Loan- Victorville, CA: $90,900 2nd TD, 70.0% CLTV, 11.25% Lender Rate

This opportunity was a business purpose cash-out 2nd TD on an owner occupied SFR in Victorville.  The borrower owns a non-emergency transportation business and used  the proceeds for working capital and to pay off business related debt. The subject property is a ranch style SFR located in the Victorville in San Bernardino County.  The single-story…

Recently Funded Hard Money Loan- Berkeley: $445,000, 2nd TD, 64.17% CLTV, 11.0% Lender Rate

Business owner and licensed general contractor needed a business purpose cash-out 2nd TD on an owner-occupied property in Berkeley, CA.  Funds from our loan were used to payoff an existing 2nd as well as provide cash-out to build an Accessory Dwelling Unit on the property.  100% of the construction budget was Funds Controlled. Subject property…

Recently Funded Hard Money Loan- Anaheim: $382,500, 1st TD, 45.0% LTV, 10.50% Lender Rate

Repeat, current Mortgage Vintage borrower with several successful transactions with MVI and a highly experienced builder/developer was seeking a business purpose cash-out 1st TD of these two vacant lots with approved plans in Anaheim, Orange County.  Funds from our loan will be used to develop the lots into two single family residences with two ADU…

Recently Funded Hard Money Loan- Newport Beach: $920,000, 2nd TD, 62.54% CLTV, 10.50% Lender Rate

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…

Recently Funded Hard Money Loan- Manhattan Beach: $175,000, 2nd TD, 60.1%CLTV, 11% Lender Rate

Previous successful Mortgage Vintage borrowers, and business owners are seeking a business purpose cash-out 2nd TD on this beautiful Manhattan Beach SFR.  Funds from the Mortgage Vintage loan were used to invest back into borrower’s video production company. The subject property is an SFR located in a prime Manhattan Beach location.  The subject is a…