Loan Purpose Borrower and business owner sought a $375,000 business purpose 2nd Trust Deed cash out refinance loan on this owner and non-owner occupied Duplex investment property in Encinitas, San Diego County, CA that is well located 5 blocks east of Encinitas beaches. The borrower will be using the loan proceeds to pay off an existing,…
1. Loan Purpose: Borrower and real estate investor sought a business-purpose cash-out loan secured by a 2nd Trust Deed on this owner-occupied residence in Laguna Beach, CA. Proceeds from this loan will be used for the Borrower to complete improvements on an investment property in Bishop, CA to prepare it for sale. The existing 1st…
Loan Purpose Repeat successful MVI borrowers. Real estate investors and business owners sought a $1,027,500 business purpose 2nd Trust Deed cash out refinance loan on this non-owner occupied SFR investment property in Newport Beach, CA. The borrowers will be using the loan proceeds to pay off an existing MVI 2nd TD that is maturing and…
1. Loan Purpose: The 3 Family Member Borrower’s sought a $120,000 business purpose second trust deed loan secured by their primary residence in Santa Ana, CA. The loan proceeds will be used to pay off an existing Home Equity Line of Credit (HELOC) and to complete restroom and cosmetic renovations at their popular family-owned Mexican…
1. Loan Purpose: Previous successful Mortgage Vintage Borrower sought a business-purpose cash-out loan to fund upgrades to a non-owner-occupied investment property located in Dana Point. The property serves as a facility for the Borrower’s licensed rehabilitation business. Loan proceeds from this 2nd TD will be used to improve the property to better serve the business.…
Executive Summary Real estate investors sought a 1st TD business purpose cash-out refinance loan to build an investment SFR in a gated community, “Scenic Bend Estates” in Modesto, Stanislaus County, CA. The purpose of this loan is to pay off an in good standing, on time payment history 1st TD and the balance placed in Funds…
LOAN PURPOSE Borrower sought a Business Purpose cash-out 2nd Trust Deed loan on their owner-occupied single-family residence located at 569 S. Fenimore Ave., Covina, CA. Proceeds will be used to renovate an investment property located at 1211 Stringer Ave., Los Angeles, CA a single-family home featuring 2 bedrooms and 1 bathroom, encompassing 754 square feet…
Executive Summary Borrowers sought a 2nd TD business purpose cash-out loan secured by an owner-occupied, full renovated single-family residence located in Cedar Glen, San Bernardino, CA – located 1 mile from Lake Arrowhead. The purpose of this loan is reinvestment into their high-end fashion and design Flaunt magazine. Property Overview The subject property is a…
1. Loan Purpose: Borrower, business owner, and successful Mortgage Vintage borrower sought a Business Purpose purchase 1st Trust Deed loan to purchase this commercial property in San Jacinto. Borrower operates, an e-commerce business that specializes in western apparel and accessories for men, women, and children. In addition to clothing, they also offer pet-related products, catering…
Loan Purpose Borrowers and real estate investors sought a Business Purpose Cash-Out 2nd Trust Deed loan on this non-owner-occupied property located in San Diego. Loan proceeds will be used to do light renovations to the property to prepare it for a new rental. The Borrower has the rental property professionally managed by Utopia Management. The existing…
1. Loan Purpose: Borrower sought a 2nd Trust Deed Bridge Loan on this owner-occupied property in the Santa Monica area. Loan proceeds will be used to prepare the property for sale and help with the Down Payment for the new home purchase. The Borrower will be listing the property for sale upon the purchase of his…
Executive Summary Borrower sought a 2nd TD cash-out loan secured by an owner-occupied single-family residence located in Buena Park, Orange County, California. The loan proceeds will be used to acquire a 25% ownership interest in a business consulting firm. Property Overview The subject property is a well-maintained, two-story colonial-style single-family residence in Buena Park’s most…
Executive Summary: Borrower sought a 1st TD cash out loan secured by a non-owner-occupied investment SFR located in a suburban neighborhood of Los Banos, Merced County, California. Borrower is employed by the U.S. Air Force and demonstrates a reliable income of over $100K in addition to another income generating investment property in Missouri. The borrower…
Loan Overview: An experienced Mortgage Vintage borrower—an entrepreneur and seasoned real estate investor—sought a first Trust Deed, cash-out loan secured by a recently acquired single-family residence in Santa Ana, CA. The borrower, will use the loan proceeds to complete a full property renovation and construct two ADU’s (Accessory Dwelling Units), maximizing the property’s value before sale. Loan Purpose: The property was purchased…
Executive Summary: Real estate owner-broker and investor sought a 2nd TD, rate-and-term refinance loan on a well-located commercial property, right on the 111 HWY near El Paseo shopping district, in Palm Desert, CA. The borrower is the owner, founder, and broker of www.firmcompanies.com, a company specializing in commercial real estate and property management throughout the Coachella Valley.…
Executive Summary: Borrowers sought a 1st TD purchase bridge loan secured by two owner-occupied single-family residences located in Hacienda Heights and San Dimas, Los Angeles County, California. Both properties are recently upgraded and located in nice, suburban residential neighborhoods. The borrowers are leveraging the equity in their “free and clear” Hacienda Heights residence to purchase…
General Contractor and real estate investor sought a $175,000 second trust deed business-purpose cash-out loan secured by a non-owner-occupied, single-family rental property in Duarte, Los Angeles County, CA—just 15 minutes east of Pasadena. Loan proceeds will be placed in a funds control account to finance the construction of a 1,000 SF Accessory Dwelling Unit (ADU) on the property. This General Contractor successful…
Trust Deed Opportunity Summary: A qualified borrower with extensive real estate experience sought a 1st Trust Deed refinance loan secured by two properties: An owner-occupied, free-and-clear Single-Family Residence (SFR) in La Mirada, Los Angeles County, CA A fully occupied, mixed-use commercial/residential property in Los Angeles, Los Angeles County, CA The loan proceeds will be used to…
Investment Opportunity: 1st Trust Deed Refinance Loan A highly qualified borrower, a proven track record as a repeat Mortgage Vintage investor, and extensive real estate experience sought a 1st Trust Deed refinance loan for a newly built, non-owner-occupied multifamily property in Santa Ana, Orange County, CA. The loan proceeds will refinance existing Mortgage Vintage maturing construction loans. Property Overview:…
1. Loan Purpose: Real estate investors sought a 2nd Trust Deed on this non-owner-occupied property in, Hancock Park, Los Angeles. Borrowers purchased the property in 2020 and paid $375k on Down Payment and have spent $874k to date on the horizontal and vertical development. The borrowers own a family-owned and operated Real Estate Development firm,…