Loan Purpose Mortgage Vintage funded a $1,980,000 first trust deed construction refinance with funds control on an 8-unit multifamily investment property located in the established Logan Heights neighborhood of San Diego, California, just southeast of Downtown San Diego with convenient access to I-5 and I-805. This San Diego multifamily loan retired an existing first trust…
Loan Purpose Mortgage Vintage funded a $1,200,000 first trust deed cash-out refinance secured by a fully occupied mixed-use commercial and residential investment property in the Lincoln Park area of San Diego, California. The borrower, a real estate investor and business owner, used the loan proceeds to retire an existing first trust deed of $765,000 that…
Loan Purpose Mortgage Vintage funded a $735,000 business-purpose second trust deed loan secured by an owner-occupied multifamily triplex property in the North Park neighborhood of San Diego, California. The loan proceeds were used to complete construction of four permitted accessory dwelling units and required solar improvements at the existing triplex, expanding the property from a…
Loan Summary Borrowers and real estate developers sought a 2nd TD business purpose cash out on this owner occupied high-end, contemporary SFR + ADU with city, canyon and hillside views located in the desirable “Mission Hills” neighborhood of San Diego, CA. Loan proceeds will be used to support interim cash flow needs for an 80-unit mixed-use…
Brief Overview Loan Scenario Business owner sought a $520,000 business purpose 2nd Trust Deed cash out refinance loan on this owner-occupied SFR with canyon views in the desirable University City neighborhood of San Diego, San Diego County, CA. The borrower will be using the loan proceeds to pay off a current and in good standing…
Loan Purpose Borrowers and real estate investors sought a Business Purpose Cash-Out 2nd Trust Deed loan on this non-owner-occupied property located in San Diego. Loan proceeds will be used to do light renovations to the property to prepare it for a new rental. The Borrower has the rental property professionally managed by Utopia Management. The existing…
1. Loan Purpose: Borrower and real estate investor sought a $255,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied fully tenant-occupied tri-plex in San Diego. The loan proceeds will be used to complete a 2-unit ADU. The complete project is $449,000 to build. The Borrower has already paid $237,000 in costs towards…
Borrowers sought a 2nd Trust Deed on this non owner-occupied, investment Condominium located on “Sail Bay” – by Mission Bay – with unobstructed beach, bay and pool views in San Diego, San Diego County, CA. The purpose of this loan is to invest in borrowers’ ophthalmology business. Borrowers’ 1st mortgage is current with a principal…
25 years + very experienced licensed general contractor, real estate investor and home developer throughout the San Diego County area sought a 1st Trust Deed to build an investment SFR in Spring Valley, San Diego County, CA; 13 miles east of downtown San Diego. As soon as complete, the borrower will sell property for profit and…
Successful real estate investor and 20 + years in business owner of “Taco Fiesta” sought a 1st Trust Deed cash out refinance loan on this commercial property in San Diego, San Diego County, CA. The purpose of this loan is to pay off a small, existing and in good standing $20K 1st TD and the balance will…
Borrowers and business owners sought a cash-out 2nd TD of this owner-occupied SFR in San Diego County. Proceeds from this loan will be used to complete the construction of an office add-on to the existing home. Our subject property is a beautiful one-story SFR located in San Diego and sits on an 18,361 sqft lot. The…
Borrower sought a business purpose cash-out 1st TD on this non-owner occupied property in San Diego, San Diego County, CA. Funds from our loan will be used to pay off an existing and in good standing $248k 1st Mortgage and the balance of funds, approx. $134K, will used to make improvements on the subject property.…
Real estate investor is seeking business a purpose cash-out 2nd TD on this non-owner occupied SFR investment property in San Diego to reinstate the past due balance of $32,520 on the existing 1st TD. The subject property is a 1,822 sf Bi-Level SFR that sits on a 3,913 SF lot. The property consists of 8…
Real estate investor was seeking a cash-out 1st TD on this free-and-clear San Diego investment property. The borrower inherited this property from his mom and intends to remodel the home, and, in turn, garner maximum rental income via Airbnb.com. Currently the subject is a single-story SFR with 1,350 SF of living space and 7 total…
712 Fico score borrower, Real estate investor and 11-year President & CEO of Howell Real Estate Management was seeking a business purpose purchase loan to purchase this investment property in San Diego. Our subject property is a single-story ground level condominium. The home is 1,294 SF and features 4 rooms with 2 BR and 2…
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…
Self-employed Borrower was seeking a business purpose cash out loan on an owner occupied SFR property to invest into borrowers business by paying off business debt and investing into marketing programs. Subject is a 2 story, 4 bdrm/4.5 ba Single Family Residence located in the gated community of Torrey Highlands in the Carmel Valley community…
Self-employed borrower was seeking a business purpose cash-out loan to consolidated 1st and 2nd TD loans, payoff tax lien and invest in business operated at property.Subject consists of a Single Family Residence (SFR) and two light Industrial Buildings. The SFR is a 1 story, 4 bdrm/1 full ba older SFR located in San Diego close to shopping,…
San Diego, CA Download Full Summary Property / Loan Information Property Type Land Lien Position 1st TD Loan Amount $270,000 Estimated Value $900,000 Occup Non-Owner Occ. Interest Rate 13.50% LTV on Est. Value 30.00% Loan Type Business Purpose Cash Out Amortization Interest Only due in 24 mos. Guaranteed Interest 6 months Loan Scenario: Real Estate Investor looking for a cash-out…
Carlsbad, CA – Funding Now Download Full Summary – Carlsbad, CA Property / Loan Information Property Type SFR Lien Position 2nd Trust Deed Trust Deed Amount $100,000 BPO Value $1.10Mil Amortization and Term 40 Year amort/due in 42 mos. CLTV on Appraised Value 55.00% Loan Type Business Purpose Cash-Out Occupancy Owner Occupied Rate for Investor 12.50%…
Loan Amount: $549,600
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