Recently Funded Hard Money Loan in Whittier for $681,000 1st TD @ 10.50%, 55.00% LTV on Purchase Price, 49.15% LTV on Appraised Value, Commercial, 36 Mos., 9 Mos Guar Int, $62,425 min inv

Business owner and real estate investor sought a 1st trust deed to complete the purchase of this commercial property in Whittier in LA County.  Though currently vacant, the borrower has a tenant-in-tow that has signed a 3-year lease starting at $7,500/month for the 1st floor of the building.  The lease began July 1st. The subject…

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 Commercial Purchase Transaction: $1,418,400 1st TD @ 8.50%, 60.00% LTV, Purchase, NOO, 36 Month Term.

Investment Scenario: 788 credit score borrower and long-time business owner was seeking a business purpose 1st TD to purchase this industrial building in Fullerton, CA in Orange County. The subject property was a 12,000 SF industrial building with 3 tenants – 100% occupancy.  The building was 12,000 SF.  Each unit offered an entrance from East…

Recently Closed Commercial Property Situated in Carlsbad, CA: $300,000 3rd Trust Deed, 60.00% CLTV, 12 Month Term.

Long-time real estate investor and  business owner was seeking a business purpose, cash-out 3rd TD on this Industrial Flex property in Carlsbad, CA.  Funds from our loan were used to help relocate his sports flooring and locker manufacturing business to Ensenada, Mexico where he is building a 25,000 SF factory.  For the past 20 years…

Recently Funded Ground-up Construction Loan: $625,900 1st TD, SFR, 9.50% Lender Rate 55.00% LTV on ARV, 100% Funds Control of Budget, Rancho Cucamonga, CA

Real estate investor/builder was seeking a business purpose construction loan 1st TD on this Rancho Cucamonga permitted and entitled lot that he purchased in Dec. 2019.  Funds from our loan were used to payoff an existing lien on the property as well as fund the construction of the approved and permitted project.  At completion, the…

Closed! SFR Purchase in Orinda, CA: $656,250 1st TD, 9.50% Lender Rate, Orinda, Contra Costa County, CA

Previous successful MVI borrower and highly experienced general contractor was seeking a business purpose 1st TD to purchase this SFR in Orinda, CA in Contra Costa County.  Upon the close of escrow the borrower then put his 15 years of experience to work to remodel the kitchen, bathrooms, replace the roof and paint the home. …

Closed! “Owner Occupied” Hard Money Loan: $150,000, 2nd TD, 54.17% CLTV, 10.25% Lender Rate, Ojai, CA

Successful business owner was seeking a business purpose cash-out 2nd TD on this beautiful Ojai SFR in Santa Barbara County.  Funds from our new Mortgage Vintage loan were used to invest back into the borrower’s financial company for working capital. The home is a completely remodeled contemporary style SFR with beautiful mountain views.  The subject…

Done Deal! Recently Closed Private Money 2nd TD: $119,000, 69.97% CLTV, 10.50% Lender Rate, Simi Valley, CA

Real estate investor was seeking a business purpose cash-out 2nd TD to make improvements to a non-owner occupied SFR investment property in Simi Valley in Ventura County. The subject property is a contemporary style SFR located in Simi Valley in Ventura County.  The two-story home is 3,163 SF and sits on a large 10,454 SF…

Funded! “Lease Option to Buy” Hard Money Loan in Seal Beach: $967,000, 1st TD, 53.87% LTV, 7.25% Lender Rate

Real estate investors were seeking a 1st Trust Deed to purchase this Seal Beach SFR as an investment property with the intent to continue the rehab of the property and then either sell the property or conventionally refinance as a rental property once the rehab is complete.  The Borrowers entered into a Lease Option Agreement…

Closed! “Lease Option to Buy” Hard Money Loan: $1,200,000, Commercial, 1st TD, 55.81% LTV, 10.50% Lender Rate, Lompoc, CA

Long-time business owner was seeking a business purpose 1st TD to purchase this commercial shopping center in Lompoc, CA in Santa Barbara County.  The borrower has been acting as the property manager of this property since 2015 and is now exercising his right to purchase the property for $1.2M under a Lease Option to Buy…

Done Deal! Hard Money Commercial Loan in San Clemente: $845,000 1st TD, 65.00% LTV, 10.00% Lender Rate

Real estate investor, business owner and current MVI borrower sought a rate and term refinance (no cash-out) of his current business purpose 1st TD on a commercial building in San Clemente in Orange County.  Funds from the loan were used to payoff a Mortgage Vintage 1st TD that was performing and matured on 10/1/19. The…

Recently Closed! “Owner Occupied” Hard Money Loan: $156,000, 1st TD, 59.20% LTV, Cash-out, 9.50% Lender Rate, Hesperia, CA

Business owner needed a business purpose cash-out 1st TD on this owner occupied SFR in Hesperia located in San Bernardino County. Our MVI loan paid-off an existing hard money 1st as well as cash-out for the borrower to invest back into his Premier Dollar retail store in Victorville, CA. The subject was a well-maintained 1,504…

Done Deal! “Mixed-Use” Hard Money 2nd TD: $264,000, 60.00% CLTV, Cash-out, 11.25% Lender Rate, Lakeside, CA

Real estate investor & business owner was seeking a cash-out 2nd TD to payoff existing business debts and invest back into his company. The subject property is a mixed-use commercial property with 4 buildings totaling 5,782 SF.  The main building is a two-story 2,321 SF SFR with an offices and kitchen on the ground floor…

Funded! Hard Money Loan 2nd TD: $170,000 2nd TD, 57.56% CLTV, Cash-out, 10.00% Lender Rate, Encinitas, CA

Long-time business owner needed a business purpose cash-out 2nd TD on this Encinitas investment property in San Diego County.  Funds from our loan were used to make minor improvements so the borrower can increase rent.  Exit strategy from our loan is a conventional refi or a possible sale. The subject is a 3,342 SF split…

Closed! “Industrial” Hard Money Loan: $850,000, 1st TD, 34.69% LTV, Cash-out, 7.50% Lender Rate, Anaheim, CA

Business owner sought a cash-out 1st TD on this industrial building in Anaheim in Orange County.  Proceeds from our loan paid off an existing Union Bank 1st TD Note that is coming due.  The borrower owns the building and his successful solar business with two business partners. The subject is a single tenant industrial building…

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…