Recently Funded Hard Money Loan in Bakersfield, CA for $159,150

Previous and successful Mortgage Vintage borrower and real estate investor was seeking a $59,150 1st mortgage to renovate and update this property in Bakersfield.  $20,000 of the loan proceeds will be held back in funds control.  After completion of renovation, Borrower intends to sell property. Subject Property is a non-owner occupied single-story, 3 BR / 2…

Recently Funded Hard Money Loan in Santa Ana, CA for $390,000

Good credit Real Estate Investor looking to cash – out to fund continued construction of multiple single family homes for a real estate investment project in Anaheim.  Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space.  Borrower is an experienced fix and flip investor and developer. Borrower improved…

Recently Funded Hard Money Loan in Fullerton, CA for $415,000

Self-employed, repeat and successful Mortgage Vintage, Inc. Borrower, was seeking a business purpose cash out loan on multi-family property to purchase apartment building in Pomona. Subject is a 10-Unit Multi-Family Property. The property has 6,500 net rentable area. The property has 2 free standing apartment buildings. Each building is 1-story with average quality class “D”…

Recently Funded Hard Money Loan in Hillsborough, CA for $2.5M

Self-employed Borrower with excellent credit was seeking a Business Purpose Cash-Out loan to purchase a commercial building for their food products manufacturing business, Dean Distributors. Company has been in business since 1952 and is moving their headquarters from Vernon to San Bernardino. Subject is a 2 story, single family residence located in Hillsborough, CA.  Hillsborough…

Recently Funded Hard Money Loan in Modesto, CA for $1,150,000

Borrowers were seeking this Business Purpose Cash-Out loan to payoff existing conventional loan and use the remaining proceeds to fixup property. Borrowers have owned the subject property since 1987.  Subject is a two bldg. 14,563 s.f., single story retail multi-tenant center located in Modesto. The Property sits on a 42,749 s.f. lot with a 4.7/1,000…

Recently Funded Hard Money Loan in Altadena, CA for $500,000

Restaurant owner was looking for a business purpose loan cash-out to pay off the $70k 3rd TD she used to purchase the commercial property.   El Caporal’s Tacos draw hungry fans from all over AltaDena and Pasadena. Coupled with outstanding service, the restaurant continues to earn significant income.  Previous seller has a carryback 2nd that has subordinated. Borrower…