Recently Funded Purchase in Downey: $340,000 @ 9.75%, 1st TD, 61.00% LTV

Previous and successful Mortgage Vintage borrower sought a 1st TD to purchase this SFR + Land investment property in Downey, Los Angeles County, CA.  The borrower intends to develop a rental SFR on this subject property in the future.  The borrower is buying the subject property at a discount below the appraised value because borrower…

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Closed! Fix & Flip in Orinda: $188,000 @14.50%, 2nd TD, 80.00% CLTV

Real estate investor, existing Mortgage Vintage borrower and experienced Fix & Flip general contractor sought a business purpose cash-out 2nd TD loan on this prime fix & flip opportunity in Orinda, Contra Costa County, CA. Funds from our loan will be used to finish upgrades that are currently underway and $99k of the loan proceeds…

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