Successful hospitality business owners sought a 1st TD Business Purpose Cash-Out refinance on their multi-million dollar Motel 7 West in Redlands, CA. The borrower’s family have owned this property since 1982. Proceeds from the loan will pay off an existing $650,000 1st TD, provide funds to paint the property and slurry the parking lot and also pave…
Successful previous Mortgage Vintage borrower and Restaurant and Bar owners seeking a business purpose cash out 2nd TD on this owner occupied SFR in Solvang, Santa Barbara County. Proceeds from the loan will be used to help fund the third restaurant location in the city of Buellton which Is also m Santa Barbara County The…
Mortgage Vintage borrower is seeking a $550k business purpose 2nd TD on this commercial building in Adelanto, CA. Borrower’s recent $5.5M 1st TD is current and held by Mortgage Vintage. 100% funds from this 2nd TD will be used towards purchasing another high output cultivation system to maximize production and meet borrower’s climbing product demand.…
Experienced real estate investor sought a business purpose 2nd TD cash-out on this ranch rental investment property in Perris, CA. Borrower’s current $7.25M combined market value investment property portfolio with only $2.50M in combined mortgage debt is documented in their Schedule of Real Estate located in investor dropbox file. Funds from our loan proceeds will…
Successful Mortgage Vintage Borrower and Real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied investment property in Santa Ana, CA in Orange County. Borrower purchased the property in Sept. 2021 for all cash and the funds from our loan will be used to improve property and add an ADU and…
Real estate investor sought a business purpose 2nd TD cash-out on this Duplex rental investment property in Los Angeles, CA. 100% of the funds from our loan proceeds will be put into Funds Control to reconfigure the existing Duplex and add 2 new fully permitted ADU units in the back of this subject property. Exit…
Investor with a large real estate portfolio sought a business purpose cash out 2nd TD on this non-owner occupied mobile home park investment property in Rosamond, Kern County, CA. The purpose of these funds is to acquire another investment property related to a 1031 Exchange. Exit strategy from this loan is a conventional refinance to…
Group of experienced real estate investors sought a 1st TD loan to purchase this non-owner occupied, Duplex, investment property in Los Angeles, CA. Borrowers are putting down $115k personal funds “skin in the game” towards the purchase of this investment property. This group of investors have flipped several properties in the greater Los Angeles area…
Borrowers sought a 1st TD loan to purchase this non-owner occupied, SFR rental investment property in Paradise, Solano County, CA. Borrowers are putting down $148k personal funds “skin in the game” towards the purchase of this investment property. Exit strategy is a conventional refinance. The subject property is a contemporary styled, one story SFR with…
30+ years experienced residential developers and borrowers 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 8 SFRs similar to this subject property in this same “Dorada @ Vista Del…
30+ years experienced residential developers and borrowers 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 8 SFRs similar to this subject property in this same “Dorada @ Vista Del…
The purpose of this loan was to refinance out of a $4.5M 1st TD construction loan that’s at a higher rate, that was current, in good standing and matured in December of this year; 320k of this loan going towards 5 mos. of investor prepaid interest and the remaining 490k will be used towards expanding…
Existing Mortgage Vintage borrower, real estate investor and local Laguna Beach Realtor sought a business purpose cash-out & refinance 2nd TD on this Ocean View SFR non-owner occupied short term rental property in Laguna Beach, Orange County, CA. The subject property has a front unit and the main Ocean Facing SFR. Recent legislation allows borrower…
Experienced “fix & flip” and “fix & rent” real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Landers, San Bernardino County, CA. Funds from our loan will be used to pay off an in good standing and small 25K 1st TD; balance of the funds will…
Real estate investors and business owners pulled funds out of this non-owner occupied investment property to make minor improvements to the property. The borrower operates the business Ocean Hills Recovery and the subject property is currently being used as one of rehab facilities. Property is located in Dana Point, Orange County, CA. The subject property…
Real estate investors and business owners are pulling funds out of this non-owner occupied investment property to make minor improvements to the property. The Borrower operate the business Ocean Hills Recovery and the Subject Property is currently being used as one of rehab facilities. Property is located in Capistrano Beach, Orange County. The subject property…
Real estate investor business owner and current Mortgage Vintage borrower sought a new business purpose cash-out 1st TD on this non-owner occupied 3-unit multi-family property in Long Beach in LA County. The borrowers current $100k loan that this loan is paying off is current and has performed perfectly. Funds from our loan will be used…
Previously successful Mortgage Vintage Inc. borrowers, real estate investors and business owners sought a 1st TD to purchase this mixed use, non-owner occupied, commercial & residential investment property in Santa Ana, Orange County, CA. Borrowers own several other properties on the same “Main Street” in Santa Ana, CA. This subject property acquisition is an expansion…
Experienced real estate investor sought a business purpose cash-out 1st TD on this non-owner occupied, investment rental property in Whittier, Los Angeles, CA. Funds from our loan paid off an existing Business Purpose 1st of approx. $250k and the balance of the funds will invested in borrower’s new start-up business. Exit strategy is a conventional…
Experienced real estate investor and cannabis business owner sought a 1st TD cash-out loan on this “Free & Clear” fully-entitled, CUP permitted, city approved commercial 18 lot subdivide on Koala Road, in Adelanto, San Bernardino County, CA. The borrower is also cross-collateralizing “Free & Clear” land that is pending final fully-entitled, CUP permitted, city approved…