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…