Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The two subject properties are in the same complex and are model…
Real estate investor, business owner and 765 FICO score borrower was seeking a cash-out 2nd TD on this owner occupied Laguna Beach property to invest back into his wireless telecom business, Saturn Holdings Limited, a Cambodian based company. The subject property is a single-story, SFR sitting on a 5,000 sqft lot in a prime Laguna…
Real estate investor, 684 credit score borrower and full time wage earner with over 13 years at current employer as a medical assistant was seeking a cash-out 2nd TD on this non-owner occupied Santa Ana property. Loan proceeds will be used to make upgrades and repairs to the subject property. The subject property is a…
Real Estate Investor and 15-year employee with the City of San Diego was seeking a business purpose cash-out 1st TD of this non-owner occupied SFR. The property owner inherited this San Diego home in May, 2017. The loan proceeds will be used to help prepare the home for sale, payoff existing 1st and 2nd, acquire…
Real estate investor and self-employed borrower was seeking a business purpose cash-out refinance to payoff existing 1st TD and make improvements to the property. Subject is a 2-story, 4-unit multi-family property located in Los Angeles. Property measures 2,810 sf of gross living area, and is situated on a 4,996 sqft lot. Property consists of two…
Recently retired 766 & 715 fico score borrowers were in the process of selling their long time primary residence to buy a retirement home in the state of Washington. To accomplish this move, the borrowers needed a 2nd TD Bridge Loan for the downpayment of their new residence. The subject property is a two-story, SFR…
Business owner and 17-year property owner was seeking a business purpose cash-out 2nd TD on this owner occupied condo in Santa Monica to invest back into her casting agency, AYC Casting, LLC. Subject property is a single-story condo in a two story building. Subject is 874 sqft with 2 BR/1 BA and a detached 1-car…
Real estate investor, 11-year full-time employee with the same company and 679 credit score borrower was seeking a business purpose cash-out refinance 1st TD to make improvements to this non-owner occupied investment property. Subject property is a two-story, SFR located in Costa Mesa at the end of cul de sac. The subject is 2,413 sqft…
787 FICO score borrower and real estate investor was seeking a business purpose purchase loan to fix-and-flip this single family residence in San Bernardino County. Borrower was currently in escrow with purchase price $20,000 less than the BPO As-Is value. Subject is a single-story SFR home sitting on a large 7,000 sqft lot. The home…
Recent Transaction – $350,000 Business Purpose, Ladera Ranch, CA Real Estate investor and business owner was seeking a cash-out 2nd mortgage for working capital for his custom home building business, SC Homes. Subject Property is a beautiful 2-story, 5 BR / 5 BA contemporary SFR situated in the Covenant Hills area of Ladera Ranch, CA.…
Recent Transaction – $240,750 Business Purpose Cash Out, Buena Park, CA Real Estate Investor borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on this owner occupied property in Buena Park. Use of the loan proceeds will be to provide a share of the down payment for the borrower’s LLC to acquire 8-acres of…
Recent Transaction – $835,400 Business Purpose Cash Out in Huntington Beach, CA Real Estate Investor Borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on her beautiful owner-occupied property on Gilbert Island in Huntington Harbour. Purpose of the loan proceeds was to acquire 8 acres of fully entitled and permitted land in Indio, CA…
Recent Transaction – $256,750 Business Purpose Cash Out in Los Angeles Borrower was seeking a Business Purpose Cash-Out Refi to refinance the existing first TD and make improvements to this non-owner occupied property. Borrower and co-borrower are both employed with steady work histories having been at their jobs for over 10 years, respectively. Subject property…
Recent Transaction – $900,000 Business Purpose Cash Out, Newport Beach, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out of this non-owner occupied investment property to invest back into his custom modular tent business, Creative Tent International. Property is currently owned free and clear. With projects in more than 60 countries,…
Recent Transaction – $260,650 Business Purpose Purchase, Santa Ana, CA Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase this HUD owned Santa Ana property. Borrower owns multiple investment properties in and around Santa Ana in Orange County. Subject Property is a single-story,…
Recent Transaction – $200,000 Business Purpose Cash Out, Corona, CA High FICO score borrower and real estate investor was seeking a business purpose cash-out 1st Trust Deed on this property located in Corona. Funds will be used to complete construction of the property. The property promises to be an ideal starter home due to its…
Recent Transaction – $383,500 Business Purpose Cash Out, Oceanside, CA Real Estate Investor and business owner was seeking a cash-out 1st Trust Deed on this free-and-clear Oceanside, CA duplex to make improvements to both units that will in turn allow him to attract market rents. Property owner will also use a portion of the loan…
Recent Transaction – $308,000 Business Purpose Cash Out, Monterey Park, CA Real Estate investor was seeking a business purpose cash-out 2nd TD on this non-owner occupied property to use for real estate investments. Purpose of the loan proceeds was to acquire 8 acres of fully entitled and permitted land in Indio, CA to build a…
Recent Transaction – $200,000 Business Purpose Purchase, Santa Ana CA Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase these 2 properties in Santa Ana. Borrower is a successful home builder and Realtor in Santa Ana and owns multiple investment properties in Orange County.…
Recent Transaction – $150,000 Business Purpose Cash Out, Colton CA Self-employed borrower was seeking a Business Purpose Cash-Out Refinance on this non-owner occupied SFR to expand his business, E&G Mobile Truck Washing. Subject property is a single-story, single family residence located in Colton, CA. The Property is a ranch style 2 bdrm/1 bath home with…
Recent Transaction – $187,200 Business Purpose Cash Out, Weed, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out Refinance of this non-owner occupied investment property to invest back into her custom modular tent business, Creative Tent International. With projects in more than 60 countries, Creative Tent International provides custom tent solutions…
Recent Transaction – $275,000 Business Purpose, Jurupa Valley, CA Borrower was seeking this Business Purpose Cash-Out Refi to refinance the existing first TD on this non-owner occupied investment property. Subject property is a 2 story, single family residence located in Jurupa Valley in Riverside, CA. The Property is a 6 bdrm/3 bath home that is…
Recent Transaction – $107,250 Business Purpose Cash Out, Weed, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out Refinance of this non-owner occupied investment property to invest back into her custom modular tent business, Creative Tent International. With projects in more than 60 countries, Creative Tent International provides custom tent solutions…
Recent Transaction – $152,750 Business Purpose Cash Out, Lancaster CA Real Estate investor borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to two investment properties and bring property taxes current. Subject property is a single-story, single family residence located in Lancaster, CA. The Property is a traditional style 3 bdrm/2 bath home…
Recent Transaction – $75,000 Business Purpose, Santa Ana, CA Good credit score borrowers were seeking a Business Purpose Cash-Out loan to acquire an Orange County single family residence investment property in Tustin. Front unit has 4 bdrm / 2 ba, back unit has 2 bedrooms and 1 bathroom. There is a studio between the…
Real Estate investor was seeking a business purpose cash-out 2nd TD on this non-owner occupied property to use for real estate investments. Subject Property is a beautiful 2-story, 5 BR / 3 BA traditional style SFR in Hacienda Heights, CA. The home has 3,197 sf of living space and is situated on 42,248 sf, nearly…
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…
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…
Good credit, self-employed Borrowers seeking a business purpose cash-out 2nd TD to further grow their medical and urgent care business facilities. Borrowers are previous successful Mortgage Vintage borrowers. Subject Property is a non-owner occupied 2-story, 7 BR / 6 BA Tudor SFR in the Linda Vista neighborhood of Pasadena. The home has 5,463 sqft of…
Real Estate Investor Borrower was seeking a Business Purpose Purchase loan to acquire this investment property. Borrower plans to keep the property as a rental for $2,650/mo. The quality of construction is average for the area. No functional or external inadequacies were apparent. At the time of the inspection there did not appear to be…