Done Deal! Hard Money Construction Loan in Los Angeles: $433,000 @ 10.00%, Cash-Out, 2nd TD, Duplex, 62.93% CLTV

Real estate investor 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 units in the back of this subject property. Exit…

Recent Commercial Transaction in Rosamond: $1,000,000 @ 11.25%, Cash-Out, 2nd TD, 63.73% CLTV

Investor with a large real estate portfolio sought a business purpose cash out 2nd TD on this non-owner occupied mobile home park investment property in Rosamond, Kern County, CA. The purpose of these funds is to acquire another investment property related to a 1031 Exchange. Exit strategy from this loan is a conventional refinance to…

Recently Funded Hard Money Purchase in Los Angeles: $345,000 @ 9.00% Lender Rate, 1st TD, Duplex, 75.00% CLTV

Group of experienced real estate investors sought a 1st TD loan to purchase this non-owner occupied, Duplex, investment property in Los Angeles, CA.  Borrowers are putting down $115k personal funds “skin in the game” towards the purchase of this investment property. This group of investors have flipped several properties in the greater Los Angeles area…

Done Deal! Hard Money Purchase in Paradise: $325,500 @ 9.50% Lender Rate, 1st TD, 70.00% LTV

Borrowers sought a 1st TD loan to purchase this non-owner occupied, SFR rental investment property in Paradise, Solano County, CA.  Borrowers are putting down $148k personal funds “skin in the game” towards the purchase of this investment property. Exit strategy is a conventional refinance. The subject property is a contemporary styled, one story SFR with…

Closed! Hard Money Construction Loan in Apple Valley: $468,994 @ 9.50%, 1st TD, 80.00% LTV

30+ years experienced residential developers and borrowers sought a 1st TD loan to finish development on this “pre-sold”, SFR property in Apple Valley, San Bernardino County, CA. Borrowers own “Evergreen Homes, LLC” Evergreen Homes (evergreenhomesca.com).  Borrowers have already built and sold 8 SFRs similar to this subject property in this same “Dorada @ Vista Del…

Done Deal! Hard Money Construction Loan in Apple Valley:$480,280.00 @9.50%, 1st TD, 8.05%LTV

30+ years experienced residential developers and borrowers sought a 1st TD loan to finish development on this “pre-sold”, SFR property in Apple Valley, San Bernardino County, CA. Borrowers own “Evergreen Homes, LLC” Evergreen Homes (evergreenhomesca.com).  Borrowers have already built and sold 8 SFRs similar to this subject property in this same “Dorada @ Vista Del…

Closed! Hard Money Loan in Laguna Beach: $280,000 @ 10.00% Lender Rate, 2nd TD, Cash-Out, 61.62% CLTV, SFR

Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out & refinance 2nd TD on this Ocean View SFR non-owner occupied short term rental property in Laguna Beach, Orange County, CA. The subject property has a front unit and the main Ocean Facing SFR.  Recent legislation allows borrower…

Closed! Hard Money Loan in Dana Point: $135,000 @ 9.25%, 2nd TD, Cash-out, 48.35% CLTV, SFR

Real estate investors and business owners pulled funds out of this non-owner occupied investment property to make minor improvements to the property. The borrower operates the business Ocean Hills Recovery and the subject property is currently being used as one of rehab facilities. Property is located in Dana Point, Orange County, CA. The subject property…

Recently Funded Hard Money Loan in Dana Point: $270,000 @ 9.50%, 2nd TD, Cash-Out, 61.80% CLTV, SFR

Real estate investors and business owners are pulling funds out of this non-owner occupied investment property to make minor improvements to the property. The Borrower operate the business Ocean Hills Recovery and the  Subject Property is currently being used as one of rehab facilities. Property is located in Capistrano Beach, Orange County. The subject property…

Recent Transaction in Long Beach: $210,000 1st TD, Cash-Out, 6.75% Lender Rate, Multi-Family, 22.58% LTV

Real estate investor business owner and current Mortgage Vintage borrower sought a new business purpose cash-out 1st TD on this non-owner occupied 3-unit multi-family property in Long Beach in LA County.  The borrowers current $100k loan that this loan is paying off is current and has performed perfectly.  Funds from our loan will be used…

Closed! Hard Money Purchase in Santa Ana: $922,000 @ 8.50%, 1st TD, Commercial Building, 83.82% LTV

Previously successful Mortgage Vintage Inc. borrowers, real estate investors and business owners sought a 1st TD to purchase this mixed use, non-owner occupied, commercial & residential investment property in Santa Ana, Orange County, CA. Borrowers own several other properties on the same “Main Street” in Santa Ana, CA. This subject property acquisition is an expansion…

Recently Funded Hard Money Loan in Whittier: $341,250 1st TD, 65.00% LTV, Cash-Out, 8.50% Lender Rate

Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA.  Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…

Done Deal! Cannabis Construction Loan in Adelanto: $1,375,000 @12.50%, Land, 1st TD, Cash-Out, 6.25% LTV

Experienced real estate investor and cannabis business owner sought a 1st TD cash-out loan on this “Free & Clear” fully-entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross-collateralizing “Free & Clear” land that is pending final fully-entitled, CUP permitted, city approved…

Done Deal! Purchase Bridge Loan in Downey & Fullerton: $1,308,000 @ 9.50%, 1st & 2nd TD, SFR, 55.29% CLTV

Borrowers sought a 1st and 2nd TD cash-out bridge loan cross-collateralized on their current primary residence SFR in Downey, Los Angeles, CA and their future primary residence SFR in Fullerton, Orange County, CA. The funds from our loan will be used towards purchasing the Fullerton subject property currently in escrow while they are prepping to…

Recently Funded Hard Money Loan in Riverside: $427,000 @ 8.50%, 1st TD, SFR, Cash-Out, 70.00% LTV

Previous and successful Mortgage Vintage borrower and Business owner sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Riverside, CA.  Funds from our loan will be used to pay-off existing, current $216k 1st TD and the balance of funds will be used to invest in borrower’s business. The subject property…

Recent Transaction in Newport Beach: $410,000 1st TD, SFR, 24.12% LTV, Cash-Out, 6.50% Lender

Borrower sought a business purpose cash-out 1st TD on this “Free & Clear” owner occupied property in Newport Beach, Orange County, CA.  Funds from our loan will be used to invest in a new business opportunity.   The subject property is single story, ranch style SFR in the highly desirable neighborhood of Newport Beach Heights,…

Closed! Construction Loan in Newport Beach: $835,000, 1st TD, 70.03% CLTV, SFR, Cash-Out, 10.00% Lender Rate

Successful business owner and Pacific Life 16 year employee sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The purpose of this loan is to pay off an existing $607,500 Business Purpose 2nd TD held by Mortgage Vintage and provide additional cash out to complete the…

Done Deal! Purchase in Moreno Valley: $1,050,000 @ 12.00%, 1st TD, Land, 60.00% LTV

Successful MVI Borrowers and Real Estate Developers sought a 1st TD to purchase this prime multi-family land in the heart of Moreno Valley, Riverside County, CA with proposed improvements to develop the land into a Multi-Family residential development. Borrowers have contributed to and secured $2.2 Million in Equity for this project and have an initial…

Done Deal! Hard Money Loan: $650,000 1st TD, Cash-Out, 26.53% LYV, SFR, 7.50% Lender Rate

Very experienced Builder, business owner and real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied SFR investment property in Malibu, Los Angeles County, CA. Borrower will use funds from this loan to invest in a new business opportunity. The remaining construction on this subject property will be completed in less…

Recent Transaction in Lancaster: $195,000, 1st TD, Cash-Out, 65.00% LTV, SFR, 10.00% Lender Rate

Co-Borrower and long time Real Estate Investor and business owner is co-signing with Borrower who sought a Business Purpose Cash-Out Refinance on this Owner Occupied SFR to payoff an existing matured business purpose 1st position loan.  Any excess loan proceeds will be used to make repairs to the property.  Borrower had good payment record on…

Closed! Hard Money Loan in Los Angeles: $283,000, 2nd TD, 65.05% CLTV, Condo, 9.00% Lender Rate

Successful business owner sought a business purpose cash-out 2nd TD on this owner-occupied, luxurious high-rise condominium on Wilshire Blvd. in Los Angeles, CA.  Funds from our loan will be used to meet the booming demand for borrower’s government sponsored COVID testing and vaccination program for uninsured individuals. Borrower’s existing 354k 1st TD is current in…

Done Deal! Hard Money Loan in Whittier: $718,500 @ 10.00% Lender Rate, 1st TD, Cash-Out, 55.27% LTV

Experienced General Contractor and business owner sought a 1st TD construction loan on this permitted and entitled subject vacant lot property in Whittier, Los Angeles County, CA. The funds from our loan will be used to pay-off a small existing and current $100k 1st TD and the remaining $568k will be placed in Funds Control to build…