Successful Mortgage Vintage Borrower, developer, and real estate investor and his partner sought a new business purpose 2nd TD construction loan to complete the construction of the SFR with an ADU and Junior ADU. The project is a permitted and entitled parcel in Santa Ana, CA . This funds controlled construction loan will allow the…
Very successful, current MVI borrower with a consistently “on time” paying track record sought a 2nd TD cash out refinance loan on this 38,000 SF commercial building in Adelanto, CA. The purpose of this loan is to pay off an existing, current and in good standing Mortgage Vintage 2nd TD that is maturing in June 2023 as…
Successful real estate investor and full time wage earner is seeking a cash-out 1st TD on this non-owner occupied property in Long Beach, CA. Loan proceeds will be used to improve the property and pay off a HERO loan. The subject property is a 1,014 SF row-house styled condo in Long Beach, Los Angeles County. …
Successful dog training and breeding owners sought a business purpose cash-out 1st TD on this owner occupied SFR in Murrieta, Riverside County. Proceeds from the loan will be used to help expand their business by building a much larger area for the dogs and equipment as well as upgrading all of the current equipment tools…
Welcome to the Sharing Economy. We now share office space where we used to have our own desk or office. We share cars using Uber or Lyft. We now are even forced to share bathrooms. In Real Estate, Time Shares have survived for many years. The new Pacaso.com offers shared equity ownership in 1st or…
Successful real investor sought a 1st TD business purpose cash-out refinance loan on this 8 unit, non-owner occupied, apartment building in Los Angeles, Los Angeles County, CA. Funds from our loan will be used to pay off a small, current $140k 1st TD and the balance of the funds will be used for interior and…
Experienced real estate investor sought a 1st TD loan to purchase this non-owner occupied SFR investment property in Cathedral City, Riverside County, CA. Borrower is putting down $340k of their own money towards this Purchase. Borrower owns four other investment properties in the area. Subject property is in a gated community, great condition and ready…
Borrower sought a 1st TD refinance loan on this non-owner occupied SFR investment property in Monrovia, Los Angeles County, CA. Funds from our loan will be used to pay off an existing reverse mortgage (227k). Borrower’s father owned this subject property. Father recently passed away and borrower inherited this subject property. The subject property is…
Borrower is an experienced real estate investor who sought a business purpose 1st TD to purchase this SFR in Sacramento. The borrower currently makes $5,000 monthly from Airbnb rentals and the estimated rental income for the subject property is $1,710/month, which will more than cover the monthly mortgage payment. The Purchase Price of the property…
Thank you to all the Mortgage Vintage and CrowdTrustDeed related parties who contacted California Assembly members asking for a “NO” vote on AB 2501 earlier this month. With your help, AB 2501, the disastrous California Foreclosure Prevention Bill, appears dead for 2020. This outcome to defeat AB 2501 was the result of an enormous coalition effort…
Whether a Hard Money Lender (HML) uses a monolithic Customer Relationship Management (CRM) and/or Loan Origination System (LOS) or has cobbled together a variety of Systems to facilitate their loan origination, the lender should migrate towards a Digital Mortgage (DM) one piece at a time. Like how my 10 and 12-year-old Children use a fruit…
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Recent Transaction – $260,650 Business Purpose Purchase, Santa Ana, CA Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase this HUD owned Santa Ana property. Borrower owns multiple investment properties in and around Santa Ana in Orange County. Subject Property is a single-story,…
Recent Transaction – $150,000 Business Purpose Cash Out, Colton CA Self-employed borrower was seeking a Business Purpose Cash-Out Refinance on this non-owner occupied SFR to expand his business, E&G Mobile Truck Washing. Subject property is a single-story, single family residence located in Colton, CA. The Property is a ranch style 2 bdrm/1 bath home with…
TRUST DEED INVESTING FAQ Mortgage Vintage Trust Deeds are sold on the CrowdTrustDeed Marketplace. What is a Trust Deed? When a loan is completed on a home, there are two parts to the transaction: the Promissory Note and the Deed of Trust. This Deed of Trust is also referred to as a ‘Trust Deed’ and…