Done Deal! Purchase in Orinda: $660,000 1st TD, 80% LTV, 10.99% Lender Rate

Real estate investor, previous Mortgage Vintage borrower and experienced Fix & Flip general contractor is sought a business purpose loan to purchase this prime fix & flip opportunity in Orinda, Contra Costa County, CA. The subject property is a 3-bedroom/2-bathroom SFR located in Orinda’s desirable Ivy Drive neighborhood. The 1,572 SF home is situated on…

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Recently Funded Hard Money Loan – Compton, CA : $269,750, 1st TD

Real estate investor sought a cash-out refinance 1st TD on this SFR non-owner occupied rental property in Compton, CA in Los Angeles County. Funds from our loan will be used to payoff existing 1st and additional cash-out used to make minor upgrades to subject property. The subject property is 1,182 SF bungalow style SFR sitting…

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Done Deal! Hard Money Loan 1st TD $211,250 in Lake Hughes, CA – Mortgage Vintage

Real estate investor and registered nurse sought a 1st TD to purchase this Lake Hughes non-owner investment property. Property is a 6 unit apartment development.  The subject property consists of five detached cottage-styled units and a detached single family residence.  There is a detached community laundry room.  The property contains a total of 1,608 sf…

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Done Deal! Hard Money Loan 2nd TD $50,000 Riverside, CA – Mortgage Vintage

Business owner and real estate investor is sought a cash-out 2nd TD of this owner occupied SFR in Riverside County.  Borrower plans to use the loan proceeds to invest into the borrower’s body lotion and soap business, Organic Heaven. Our subject property is a beautiful custom built two-story SFR located in Riverside and sits on a…

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Done Deal! Hard Money Loan 1st TD $285,000 Perris, CA – Mortgage Vintage

Previous successful Mortgage Vintage borrower and real estate investor/General Contractor builders sought a business purpose construction loan 1st TD on this Perris, CA lot that was purchased in May, 2018.  Borrowers successfully acquired permits and entitlements to build this SFR.  Funds from our loan are being used to payoff an existing seller carry back lien…

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Done Deal! Hard Money Loan 1st TD $150,000 Sacramento, CA – Mortgage Vintage

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…

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