Loan Purpose Mortgage Vintage funded a $128,000 business-purpose cash-out refinance secured by a fourplex multifamily property in Hawthorne, Los Angeles County, California. The borrower, an owner-occupant residing in one of the four units, sought a second trust deed to retire a small existing junior lien, fund minor improvements to the three occupied rental units, and…
2-4 unit multifamily properties are one of the most practical and affordable ways to build a long term, successful real estate portfolio in California. A current or soon-to-be Duplex, Triplex, or Fourplex can generate multiple streams of rental income from a single purchase, while still qualifying as residential property under most lending guidelines. For many…
Investment Opportunity: 1st Trust Deed Refinance Loan A highly qualified borrower, a proven track record as a repeat Mortgage Vintage investor, and extensive real estate experience sought a 1st Trust Deed refinance loan for a newly built, non-owner-occupied multifamily property in Santa Ana, Orange County, CA. The loan proceeds will refinance existing Mortgage Vintage maturing construction loans. Property Overview:…
Very successful real estate investor who is 100% owner of a total of 8 investment properties throughout Los Angeles County sought a 2nd TD business purpose cash out loan on this newly built 13 Unit Apartment Building in Los Angeles, Los Angeles County, CA. The subject property is 100% fully occupied. Borrower purchased the property in…
Successful business owner and real estate investor sought a small 200K 2nd Trust Deed business purpose cash out loan on this Fourplex (4 Unit) investment property near the “Beverlywood” neighborhood of Los Angeles, Los Angeles County, CA. The purpose of this loan is to pay off a current and in good standing 100K HELOC and the…
Borrower and successful real estate investor sought a 1st TD cash-out refinance on this 19-unit multi-family property in Los Angeles, CA. The borrower has multiple real estate investment properties in the Southern California area. They were looking to refinance the existing TD and also take out some cash to do numerous repairs and improvements to…
Borrower and successful real estate investor sought a 1st TD cash-out refinance on this 13-unit multi-family property in Los Angeles, CA. The borrower has multiple real estate investment properties in the Southern California area. They refinanced the existing TD and also took out some cash to do numerous repairs and improvements to the property to…
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…