Recent Transaction in Newport Beach: $820,000 @ 7.25%, 1st TD, SFR, 48.24% LTV

Successful Mortgage Vintage borrower sought a business purpose cash-out 1st TD on this owner-occupied property in Newport Beach, Orange County, CA.  Funds from our loan will be used to provide additional working capital for a growing Gaming business opportunity, Innovative Marketing Concepts, Inc.  This new loan will provide additional cash out for the business and…

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Recent Transaction in Santa Ana: $585,000 @ 8.50%, 1st TD, Cash-Out, SFR, 65.00% LTV

Highly successful Real Estate Investor and previous Mortgage Vintage borrower sought a cash-out refinance 1st TD on this mixed use office/residential condominium property in Santa Ana, CA in Orange County.  The property is currently and has since inception being used as the Headquarters for Caboraca Investments, Inc.  which is a Real Estate Brokerage and Construction…

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Recently Funded Hard Money Construction Loan in Apple Valley: $466,962 @ 10.50%, 1st TD, SFR, 79.82% LTV, Cash-Out

30+ years experienced residential developers and borrowers are sought a 1st TD loan to finish development on this “pre-sold”, SFR property in Apple Valley, San Bernardino County, CA. Borrowers own “Evergreen Homes, LLC” Evergreen Homes (evergreenhomesca.com). Borrowers have already built and sold 55 SFRs similar to this subject property in this same “Dorada @ Vista…

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