Done Deal! Hard Money Loan in Monrovia: $270,000 1st TD, 31.03% LTV, Cash-Out, 7.00% Lender Rate

Borrower sought a 1st TD refinance loan on this non-owner occupied SFR investment property in Monrovia, Los Angeles County, CA. Funds from our loan will be used to pay off an existing reverse mortgage (227k). Borrower’s father owned this subject property. Father recently passed away and borrower inherited this subject property.  The subject property is…

Done Deal! Hard Money Construction Loan in Indio for $1,800,000 @ 10.75%, 1st TD, 60.00% LTV

Owners/operators of a Construction & Development company are sought a business purpose 1st TD loan on these 3 Commercial buildings in Indio, CA. Borrowers are currently underway converting these Commercial buildings into to a single-tenant private Charter school.  Funds from our loan will be used to pay off the existing $1,150,000k purchase loan on the…

Closed! Construction Loan in Costa Mesa for $2,958,000 1st TD, 58.00% LTV, Lender Rate 8.50%

Experienced real estate investor, developer and existing Mortgage Vintage borrower sought a Blanket 1st TD on these two SFR investment properties in in Costa Mesa, CA.  Funds from our loan will be used to pay-off higher interest rate TD’s on subject properties and provide cash-out to finish construction.  We will be paying off a $2.3…

Recent Transaction in Malibu: $4,000,000 1TD, 20.00% LTV, Cash-Out, 8.00% Lender Rate

Successful business owners sought a business purpose cash-out 1st TD on this “free & clear”, owner-occupied, SFR in Malibu, CA. The funds from our loan are being used to expand borrowers current business Greenrock Life Group, LLC. This company provides a life settlement marketplace to individual investors. The subject property has been in the family…

Done Deal! Purchase in Orinda: $660,000 1st TD, 80% LTV, 10.99% Lender Rate

Real estate investor, previous Mortgage Vintage borrower and experienced Fix & Flip general contractor is sought a business purpose loan to purchase this prime fix & flip opportunity in Orinda, Contra Costa County, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Orinda’s desirable Ivy Drive neighborhood. The 1,572 SF home is situated on…

Closed! Fix and Flip in Los Angeles: $360,000 1st TD, 67.29% LTV on Purchase Price, 8.50% Lender Rate

Experienced real estate investor and Licensed General Contractor sought a business purpose 1st TD to purchase and “Fix and Rent” this investment property Triplex in Los Angeles, CA.  Upon the close of escrow the borrower will immediately begin remodeling Triplex then refinance the property into a conventional loan.  The borrower only sought purchase money, he…

Done Deal! Recently Closed Private Money Loan in Newport Beach: $607,500, 2nd TD, 64.64% CLTV, 10.00% Lender Rate

Successful business owner is sought a business purpose cash-out 2nd TD on this owner occupied SFR in Newport Beach, Orange County, CA. The majority of the loan proceeds will be used to support the expansion of the borrower’s growing Telemedicine business “Pioneer Technologies Solutions” and the balance of the funds will be held in funds…

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…