Refinance of a newly built multifamily investment property in Santa Ana, CA 9.50% Annualized Lender Rate Loan structured with Net LTV of 63.08% Fully leased property generating $13,700/month in rental income Experienced borrower with 772 FICO and repeat MVI loan history Refinance of stabilized new construction investment property in Orange County This Santa Ana property…
A seasoned spanish-speaking real estate couple sought a business-purpose 1st Trust Deed loan to add to their growing rental portfolio. Mortgage Vintage Loan at 65.00% LTV on Purchase Price Value of $895,000 7.00% Annualized Lender Rate 6 Months Guaranteed Interest Loan structured at 59.67% LTV on BPO Value of $975,000 Over $330,000 down payment from…
Contractor/Borrower needed loan term flexibility to decide on his exit strategy. MVI came through with an extra year. $382,000 1st Trust Deed 55% LTV on After Repair Value 8.50% Lender Rate 24-month Loan Term 6 month’s Guaranteed Interest Funds Control This Escondido property was about to hit the market when the borrower and family member…
Contractor/Borrower needed a fast Fix & Flip loan to secure a golden real estate opportunity: $656,250 1st Trust Deed 82% LTV on Purchase Price 66% LTV on ARV Value 9.50% Lender Rate $100k Construction Budget All Cash Offer for $1.305M Borrower Profit: $381,000 This Orinda property was in bad shape but also possessed a great…
Mortgage Vintage, Inc. (MVI) is a direct hard money lender that originates and funds business purpose loans for real estate investors and business owners. Many of our loans are of the Fix & Flip variety where an investor purchases a property in relatively poor condition, and, with our funds in hand from our “80/80 Fix & Flip…
A Los Angeles real estate investor sought a business-purpose 2nd TD cash-out for a duplex rental investment. Mortgage Vintage Loan at 62% CLTV of After Completion Appraised Value Funded loan in less than a week 10% Lender Rate 24 Month Loan Term 100% of the $433,000 placed in Funds Control Originally a modest duplex, this…
Borrower needed a construction loan to add two fully permitted ADUs and complete a duplex renovation in Los Angeles. $460,000 business purpose 2nd TD $430,000 held in Funds Control 62.13% CLTV on appraised value 12.50% lender rate 24 months loan term 6 months guaranteed interest This Los Angeles duplex sat in a prime area just…
Everyone comes out a winner when local flipper/contractor takes advantage of new ADU zoning laws: $269,500 1st Trust Deed 70% LTV on $385k Purchase Price 9.50% Lender Rate 12-month – Fix & Flip Loan $139k Borrower Profit MVI funds in 6 business days This dilapidated Santa Ana residence was in bad condition and reflecting poorly…
Repeat Borrower with excellent fix and flip history needed a loan to fund the purchase and construction costs for a diamond in the rough in Santa Ana. Mortgage Vintage Loan at 70% LTV of Purchase Price Funded loan in less than a week 9.5% Lender Rate 12 Months Loan Term MVI Fix and Flip Investor…
Investor with a 792-credit score develops a high-end, smart-tech home in Rancho Cucamonga, CA. Structured at 55% LTV on $1.138M ARV. 9.50% annualized lender yield. 9 months interest guaranteed, 3 months prepaid. Post-construction, the property is listed at $3,188,000. A savvy real estate investor/builder, boasting an impressive 792 credit score, embarked on a visionary project…
This property’s transformation shows our commitment and our investors’ vision, demonstrating strategic property development. Mortgage Vintage Loan at 60.62% CLTV of after Completion Appraised Value Funded loan in less than a week 9.5 Lender Rate 24 Month Loan Term 100% of the $400,000 loan placed in Funds Control This property began as a duplex rental…
Swiss architect on a California road trip falls in love with the desert & turns a dream & vision into an Airbnb.com reality $300,000 1st Trust Deed 46% LTV on Appraised Value 11.5% Lender Rate 18-month, IO Loan 6 month’s Prepaid Interest Foreign National borrower This remote Pipes Canyon home was all but forgotten, in…
This is what happens when a Broker’s Vision and an Owners’ Willingness come together… LTV on BPO 62.62% 11% Lender Rate 2-Year Interest Only Loan Previous Debt Paid In Full $130k Borrower Profit This San Diego property was inherited by a 15-year employee of the City of San Diego in poor condition, had both a…
Borrower needed a rehab loan to fund a rebuild of a home in Corona Del Mar with views of the ocean. $700,000 held in Funds Control 62.50% CLTV on After Repair Value 9.5% Lender Rate 24 Months Loan Term 6 months Guaranteed Interest This prime location Corona Del Mar property in Corona Highlands showed tremendous…
1. Loan Purpose: President/CEO sought a 2nd Trust Deed on this owner occupied SFR located within the privately gated “Covenant Hills” suburban neighborhood in Ladera Ranch, Orange County, CA. The purpose of this loan is to pay off an existing and in good standing $346K 2nd TD business purpose loan and the balance used to…
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…
1. Loan Purpose: Borrower and real estate investor sought a $345,000 2nd Trust Deed business purpose cash out loan on this non-owner-occupied, recently renovated and fully tenant occupied, detached duplex investment rental property in Duarte, Los Angeles County, CA. The city of Duarte is located 15 minutes east of Pasadena, CA. The funds from this…