Real estate investor and business owner sought a business purpose loan to purchase this investment property in Los Angeles County for $640K. The subject is comprised of two SFRs. Unit 6811 is 2bd/1 bath and 1,060 sf. This unit is currently gutted with an estimated cost of $80K to renovate. The rear unit 6809 is…
Successful Mortgage Vintage borrower and real estate investors and developer sought this business purpose cash-out loan to be used to complete construction of 3 SFRs and 3 accompanying ADU. All three properties are currently in escrow to be sold upon completion of construction. Property 813 N. Figueroa St. will consist of a 2 story SFR…
Real estate investor is sought a business purpose cash-out 1st TD on this Santa Ana 3-unit investment property to remodel each of the three units and ultimately bring it up to code with the City of Santa Ana Planning & Building Department. The subject is a ranch style triplex located in Santa Ana in Orange…
Real estate investor and long time business owners sought a business purpose cash-out 2nd TD on this non-owner occupied SFRs on one lot in Rancho Cucamonga. Proceeds from our loan will be used to bring in entitlements for what will be the future site of a 17 unit home development. The subject property is a…
Retired contractor and full-time senior accountant soughta true Bridge Loan to purchase what will be their new primary residence. Our new loan isa blanket 1stTD on the subject property in Aguanga in Riverside County, and, a 2ndTD on the cross collateralproperty in Aliso Viejo in Orange County. The Aliso Viejo property is currently in escrow…
Long-time business owner was seeking a business purpose cash-out 2nd TD on this owner-occupied San Juan Capistrano SFR to invest back into his real estate finance business. The subject property is a beautiful two-story Colonial style 3 BR/4.5 BA SFR located on a cul de sac street in San Juan Capistrano in Orange County. The…
Long-time business owners were seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Monrovia in LA County. Proceeds from our loan will be used to help open a new location of the borrower’s restaurant business, Puebla Tacos. The subject property is a single level traditional style home sitting on a 6,888…
Real estate investor borrower was seeking a business purpose 2nd TD to payoff an existing 2nd mortgage and cash-out to invest in real estate. The subject property is a ranch style home in Bermuda Dunes in Riverside County. The home is 5,067 SF with 10 total rooms and 6 BR/5 BA with a 3-car attached…
Real estate investors and long-time business owners were seeking a business purpose cash-out 2nd TD on this non-owner occupied SFR in Los Angeles. Funds from our loan will be used to make updates and repairs to the subject property to ready the property for sale. The subject property is a single level Spanish style home…
Borrower was seeking this Bridge Loan to purchase a SFR in Big Bear using her primary residence in Los Angeles as a cross collateral 2nd TD. The Borrower will be retiring from Merrill Lynch and moving to the Big Bear property for retirement. The Los Angeles property is already listed for sale. The subject is…
Borrower was seeking a cash-out 1st TD Bridge Loan on her current primary residence in Garden Grove SFR in Orange County. The funds from our Mortgage Vintage Bridge Loan will be used to purchase the borrower’s new out-of-state primary residence. Borrower plans to sell this Garden Grove property within the next 12 months. The subject…
Self-employed borrower was seeking a 1st TD on this non-owner occupied SFR in Valley Springs, Calaveras County. Borrower owns a construction company and has been in business for 10 years. Borrower purchased the home to fix up and turn into a rental property. Borrower’s down payment will be a gift from their in-laws. The source…
Borrower and real estate investor was seeking a business purpose 2nd TD on this Huntington Beach 12-unit multi-family property. Borrower is restructuring the 1st TD with Axos Bank and paid off an existing 2nd TD where the Note was coming due. This was a no cash-out refinance. The Axos Bank 1st TD is at 5.29%…
Business owner and polished real estate investor was seeking a business purpose 2nd TD on this owner occupied Seal Beach SFR to payoff an existing business purpose loan as well as property taxes. Our new MVI loan will payoff a loan that was used to buy a property that was in foreclosure and to fix…
Borrower, previous/current and on-time Mortgage Vintage borrower, and, highly experience real estate investor and developer was seeking a business purpose cash-out 1st TD on this vacant land with approved plans by the City of Santa Ana in Orange County. The subject property is a .25 acre vacant lot located in Santa Ana at the corner…
Self-employed borrower was seeking this business purpose 2nd loan to purchase an investment property in Nevada. All loan proceeds will be sent directly to the purchase escrow. Subject is a two-story traditional 4 BR/3 BA Single Family Residence located in Fountain Valley, Orange County. The Property measures 2,239 sf of gross living area, and is…
Real estate investor was seeking a cash-out 1st TD on this non-owner occupied SFR in La Verne in Los Angeles County. Our MVI loan paid off an existing 1st TD as well as provided cash-out to make repairs to the same property and payoff student loans. The subject is a traditional style single level home…
Retired LA Unified school teacher and counselor and now substitute teacher was seeking a 1st TD to purchase this SFR in Inglewood in LA County. Property will be used as a long term rental. The subject property is a beautiful and well maintained 2-story SFR in the Renaissance gated community in Inglewood in LA County.…
Experienced Real Estate Investor that has developed over 10 Mil. s.f. and his family business was seeking this business purpose blanket loan to finance three parcels of land in Riverside for Multi-Family Development. The first parcel (Pinebrook – 28 Units) is a 1st TD purchase with full entitlements and permits in place. The developer has…
Business owner was seeking a business purpose cash-out 2nd TD on this owner occupied SFR in Altadena to invest back into her cultural center in Pasadena, the Alkebu-lan Cultural Center, for supplies and updates to the building: http://www.alkebulanpasadena.com/. The subject property is a 1,800 sf Ranch style SFR that sits on a large 12,398 SF…