Real Estate Investor and 20-year employee of with the same company was seeking a cash-out 1st TD on this non-owner occupied investment property. Our new Mortgage Vintage 1st TD was to payoff an existing 1st & 2nd and the remaining funds were used to make minor upgrades and improvements to the same property. Our subject…
Long time successful business owners and 705 and 728 credit score borrowers were looking to make a business purpose purchase with cross collateral 2nd TD of existing home. Our subject property is a beautiful 4 BR / 3 BA, 4,263 sf home in Monarch Bay community of Dana Point. This property is on a land…
Real estate investor, 20-year insurance broker and 762 mid-fico score borrower was seeking a business purpose purchase loan to Fix-&-Flip this Short Sale condo in LA County. Borrower was in escrow for $50,000 under the BPO “As-Is” value. Our subject property is a two-story end-unit condo in Van Nuys in the San Fernando Valley. The…
Real estate investor and long-time Realtor was seeking a new cash-out 1st TD to make improvements to the subject property and other investment properties owned by the borrower. Subject is a single-level condo sitting on a 2,614 sf lot. The home itself is 977 sf and features 6 rooms with 2 BR and 1.5 BA…
Real estate investor and 775 fico score borrower was seeking a cash-out 2nd TD on this LA investment property to make cosmetic upgrades to this property and another 4-plex owned by the borrower. The subject property is a single-story, bungalow style SFR sitting on a sizable 6,171 sqft lot in the Glassel Park neighborhood of…
Successful MVI borrower and real estate investor/flipper was seeking a business purpose purchase loan to fix-and-flip this SFR in Orange County. Borrower purchased property for $55,000 under BPO “As-Is” value. Subject is a bi-level SFR sitting on a large 6,762 sf lot. The home is 1,831 sf and features 6 rooms with 2 BR and…
Real estate investor and full time wage earner was seeking a cash-out 1st TD on this non-owner occupied property in Hemet, CA. Loan proceeds will be used to make upgrades and repairs to the subject property. The subject property is a single-story, ranch style SFR sitting on a 4,791 sqft lot in Hemet in Riverside…
Foreign National real estate investor and business owner was seeking a cash-out blanket 2nd TD on these two non-owner occupied Garden Grove properties to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses. The two subject properties are in the same complex and are model…
Real estate investor, business owner and 765 FICO score borrower was seeking a cash-out 2nd TD on this owner occupied Laguna Beach property to invest back into his wireless telecom business, Saturn Holdings Limited, a Cambodian based company. The subject property is a single-story, SFR sitting on a 5,000 sqft lot in a prime Laguna…
Real estate investor, 684 credit score borrower and full time wage earner with over 13 years at current employer as a medical assistant was seeking a cash-out 2nd TD on this non-owner occupied Santa Ana property. Loan proceeds will be used to make upgrades and repairs to the subject property. The subject property is a…
Real Estate Investor and 15-year employee with the City of San Diego was seeking a business purpose cash-out 1st TD of this non-owner occupied SFR. The property owner inherited this San Diego home in May, 2017. The loan proceeds will be used to help prepare the home for sale, payoff existing 1st and 2nd, acquire…
Real estate investor and self-employed borrower was seeking a business purpose cash-out refinance to payoff existing 1st TD and make improvements to the property. Subject is a 2-story, 4-unit multi-family property located in Los Angeles. Property measures 2,810 sf of gross living area, and is situated on a 4,996 sqft lot. Property consists of two…
Recently retired 766 & 715 fico score borrowers were in the process of selling their long time primary residence to buy a retirement home in the state of Washington. To accomplish this move, the borrowers needed a 2nd TD Bridge Loan for the downpayment of their new residence. The subject property is a two-story, SFR…
Business owner and 17-year property owner was seeking a business purpose cash-out 2nd TD on this owner occupied condo in Santa Monica to invest back into her casting agency, AYC Casting, LLC. Subject property is a single-story condo in a two story building. Subject is 874 sqft with 2 BR/1 BA and a detached 1-car…
Real estate investor, 11-year full-time employee with the same company and 679 credit score borrower was seeking a business purpose cash-out refinance 1st TD to make improvements to this non-owner occupied investment property. Subject property is a two-story, SFR located in Costa Mesa at the end of cul de sac. The subject is 2,413 sqft…
787 FICO score borrower and real estate investor was seeking a business purpose purchase loan to fix-and-flip this single family residence in San Bernardino County. Borrower was currently in escrow with purchase price $20,000 less than the BPO As-Is value. Subject is a single-story SFR home sitting on a large 7,000 sqft lot. The home…
Recent Transaction – $350,000 Business Purpose, Ladera Ranch, CA Real Estate investor and business owner was seeking a cash-out 2nd mortgage for working capital for his custom home building business, SC Homes. Subject Property is a beautiful 2-story, 5 BR / 5 BA contemporary SFR situated in the Covenant Hills area of Ladera Ranch, CA.…
Recent Transaction – $240,750 Business Purpose Cash Out, Buena Park, CA Real Estate Investor borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on this owner occupied property in Buena Park. Use of the loan proceeds will be to provide a share of the down payment for the borrower’s LLC to acquire 8-acres of…
Recent Transaction – $835,400 Business Purpose Cash Out in Huntington Beach, CA Real Estate Investor Borrower was seeking a Business Purpose Cash-out 2nd Trust Deed on her beautiful owner-occupied property on Gilbert Island in Huntington Harbour. Purpose of the loan proceeds was to acquire 8 acres of fully entitled and permitted land in Indio, CA…
Recent Transaction – $256,750 Business Purpose Cash Out in Los Angeles Borrower was seeking a Business Purpose Cash-Out Refi to refinance the existing first TD and make improvements to this non-owner occupied property. Borrower and co-borrower are both employed with steady work histories having been at their jobs for over 10 years, respectively. Subject property…