Recently Funded Hard Money Loan- Newport Beach: $920,000, 2nd TD, 62.54% CLTV, 10.50% Lender Rate

Current Mortgage Vintage borrower and a professional developer sought a cash-out 2nd TD on a non-owner occupied property located in the Balboa Peninsula portion of Newport Beach, Orange County.  Proceeds from this loan are being used to complete the construction of the property with $600K being held in Funds Control. At completion, this corner lot…

Recently Funded Hard Money Loan- Manhattan Beach: $175,000, 2nd TD, 60.1%CLTV, 11% Lender Rate

Previous successful Mortgage Vintage borrowers, and business owners are seeking a business purpose cash-out 2nd TD on this beautiful Manhattan Beach SFR.  Funds from the Mortgage Vintage loan were used to invest back into borrower’s video production company. The subject property is an SFR located in a prime Manhattan Beach location.  The subject is a…

Recently Funded Hard Money Loan- Santa Ana: $525,000, 1st TD, 60% LTV, 9.75% Lender Rate

Successful Mortgage Vintage borrower, real estate investor and developer was seeking a business purpose cash-out loan to be used to complete construction on a duplex and to invest into a new project. Construction plans for the subject property consisted of completing 2 units with one unit downstairs and one unit upstairs. The downstairs unit will…

Recently Funded Hard Money Loan- Westminster: $300,000 2nd TD, 61.2% CLTV, 10.00% Lender Rate

Mortgage Vintage successful repeat borrowers and estate investors needed a business purpose cash-out 2nd TD on this non-owner occupied 4-unit property in Westminster, CA in Orange County.  The funds were used to purchase another investment property. The subject property is ranch style 4-unit residence in Westminster.  Total SF of the property is 3,336 SF and…

Recently Funded Hard Money Loan- Rosamond, CA, $285,000 1st TD, 60% LTV, 9.75% Lender Rate

Business owner was seeking a 1st TD to purchase a mixed-use commercial property in Rosamond, CA in Kern County.  Borrower planed to expand his business into this property which sits right next to the entrance of the Willow Springs International Raceway. The subject property is a 5,782 SF mixed use commercial property with residential and…

Recently Funded Hard Money Loan – Riverside: $1,000,000, 1st TD, 16.68% LTV, Lender Rate: 13.50%

Experienced Real Estate Investor and successful MVI borrower sought a 2nd TD on two vacant lots with a cross collateral 1st TD combination cash-out loan on one other vacant land parcel.  Each of the three parcels is located in Riverside, CA.  The cash-out will be used for pre-development expenses where the borrower plans to build…

Recently Funded Hard Money Loan – Newport Beach: $430,000, 2nd TD, 65.69% CLTV, Lender Rate: 9.50%

Experienced real estate investor and  business owner sought a cash-out 2nd TD on this non-owner occupied property located in this Balboa Peninsula portion of  Newport Beach, Orange County.  Proceeds from this loan will be used to complete the renovation of the property.  There will be a funds control account established holding $250K. The subject property…

Recently Funded Hard Money Loan – Camarillo: $110,000, 2nd TD, 39.537% LTV, Lender Rate: 9.50%

Borrowers and business owners saught a business purpose cash-out 2nd TD on this owner-occupied Camarillo, CA single family residence to invest back into his Ventura County marina business for minor updates and repairs. The subject property is a beautiful two-story Spanish style home sitting on a 34,871 SF lot.  The home is 3,673 SF with…

Recently Funded Hard Money Loan – Santa Ana: $650,000.00, 2nd, CLTV: 25.341%, Lender Rate: 11.00%

Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU.  All three properties are currently in escrow to be sold upon completion of construction. Property 813 N. Figueroa St. will consist of a 2 story SFR…

Recently Funded Hard Money Bridge Loan – Aguanga, Aliso Viejo, $304,850, 1st and 2nd, CLTV: 89.662%, Lender Rate:10.75%

Retired contractor and full-time senior accountant soughta true Bridge Loan to purchase what will be their new primary residence. Our new loan isa blanket 1stTD on the subject property in Aguanga in Riverside County, and, a 2ndTD on the cross collateralproperty in Aliso Viejo in Orange County. The Aliso Viejo property is currently in escrow…

Recently Funded Hard Money Loan – San Juan Capistrano: $150,000, 2nd TD, 59.12% CLTV, 10.50% Lender Rate

Long-time business owner was seeking a business purpose cash-out 2nd TD on this owner-occupied San Juan Capistrano SFR to invest back into his real estate finance business. The subject property is a beautiful two-story Colonial style 3 BR/4.5 BA SFR located on a cul de sac street in San Juan Capistrano in Orange County. The…

Recently Funded Hard Money Loan – Garden Grove: $375,000, 1st TD, 36.44% LTV, 9.00% Lender Rate

Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…

Recently Funded Hard Money Loan – Valley Springs: $217,000, 1st TD, 70.00% LTV, 10.00% Lender Rate

Self-employed borrower was seeking a 1st TD on this non-owner occupied SFR in Valley Springs, Calaveras County.  Borrower owns a construction company and has been in business for 10 years. Borrower purchased the home to fix up and turn into a rental property. Borrower’s down payment will be a gift from their in-laws. The source…

Recently Funded Hard Money Loan – Fountain Valley: $200,000, 2nd TD, 61.45% CLTV, 10.50% Lender

Self-employed borrower was seeking this business purpose 2nd loan to purchase an investment property in Nevada. All loan proceeds will be sent directly to the purchase escrow. Subject is a two-story traditional 4 BR/3 BA Single Family Residence located in Fountain Valley, Orange County. The Property measures 2,239 sf of gross living area, and is…