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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Recently Funded Hard Money Loan in Whittier for $681,000

Business owner and real estate investor sought a 1st trust deed to complete the purchase of this commercial property in Whittier in LA County.  Though currently vacant, the borrower has a tenant-in-tow that has signed a 3-year lease starting at $7,500/month for the 1st floor of the building.  The lease began July 1st. The subject…

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Recently Funded Commercial Purchase Transaction: $1,418,400

Investment Scenario: 788 credit score borrower and long-time business owner was seeking a business purpose 1st TD to purchase this industrial building in Fullerton, CA in Orange County. The subject property was a 12,000 SF industrial building with 3 tenants – 100% occupancy.  The building was 12,000 SF.  Each unit offered an entrance from East…

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Recently Closed Commercial Property Situated in Carlsbad

Long-time real estate investor and  business owner was seeking a business purpose, cash-out 3rd TD on this Industrial Flex property in Carlsbad, CA.  Funds from our loan were used to help relocate his sports flooring and locker manufacturing business to Ensenada, Mexico where he is building a 25,000 SF factory.  For the past 20 years…

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Recently Funded Ground-up Construction Loan: $625,900

Real estate investor/builder was seeking a business purpose construction loan 1st TD on this Rancho Cucamonga permitted and entitled lot that he purchased in Dec. 2019.  Funds from our loan were used to payoff an existing lien on the property as well as fund the construction of the approved and permitted project.  At completion, the…

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Closed! SFR Purchase in Orinda, CA: $656,250 1st TD, 9.50%

Previous successful MVI borrower and highly experienced general contractor was seeking a business purpose 1st TD to purchase this SFR in Orinda, CA in Contra Costa County.  Upon the close of escrow the borrower then put his 15 years of experience to work to remodel the kitchen, bathrooms, replace the roof and paint the home. …

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