Good credit score and self-employed Borrower was seeking a business purpose cash out loan on an existing investment SFR property to start the development of the subdivision to eventually build homes. Borrower has owned both the SFR and the property to be developed for a number of years. Borrower is a well-respected architect. In addition,…
Good credit score borrower was seeking a Business Purpose Cash-Out Refinance loan to prepare this non-owner occupied property for sale. Borrower has owned the property since 1999. Subject is a 1 story condo located on the 2nd level with 2 bdrm/2 ba located in the South Coast Terrace community. The Property measures 865 sf of gross…
Borrower, and long-time owner of the Property, was seeking a business purpose cash-out refinance loan to payoff existing 1st TD, make repairs to the property, and payoff other debt.Subject is a 1 story, 5 unit Multi-family property in Hanford, CA (near Fresno). The Property is 100% occupied, rental rates ranging from $800 to $1,150. The Property…
Restaurant owner was looking for a business purpose loan cash-out to pay off the $70k 3rd TD she used to purchase the commercial property. El Caporal’s Tacos draw hungry fans from all over AltaDena and Pasadena. Coupled with outstanding service, the restaurant continues to earn significant income. Previous seller has a carryback 2nd that has subordinated. Borrower…
Borrower was seeking a Business Purpose Cash-Out 2nd TD to fund property improvements. Subject property has been in the family since 1999 and is non-owner occupied and currently rented to Tenants providing a positive cash flow. Subject is a 1 story, 4 bdrm/2 ba Single Family Residence located in West Covina. The Property measures 1,438…
Loan Scenario:
Owner and Business Operator at 919 Sycamore St., Santa Ana CA purchased this property in Santa Ana to expand his business. Owner used the cash out from his free and clear $400k valued – income producing property for the down payment on this $710k purchase of the adjacent property.
Owner and Business Operator at 919 Sycamore St., Santa Ana CA purchased an adjacent property in Santa Ana. Owner used the cash out from this free and clear $400k valued – income producing property for the down payment on the $710k purchase of the adjacent property. Both properties have a retail/commercial building in the front…
Long time homeowner and Self-employed Borrower was seeking a business purpose cash out loan to invest in borrower’s business.Subject is a split-level 4 bdrm/3.0 ba Single Family Residence located in the desirable Hollywood Hills area just above Sunset Strip. Property is upgraded throughout, with a terraced backyard and several patio areas, swimming pool/spa, and fountains.…
Self-Employed Borrower who owns & operates a Theatrical Company, and successful Mortgage Vintage borrower, was looking for a 2nd TD to expand its business & for working capital.Subject Property is a 1,394 s.f. SFR in the Valley Glen neighborhood of Van Nuys, CA, sitting on a 7,398 s.f. lot. Subject is adjacent to schools/college and just…
Former and successful Mortgage Vintage borrower and experienced real estate investors were seeking a new 1st Trust Deed on free and clear investment property to purchase a multi-unit apartment building in Pomona, CA. Subject is a 1 story SFR with 3 bedrooms, 2 bathrooms. Property is located in the heart of La Habra, CA. The property…
Current and successful Mortgage Vintage client wanted a business purpose cash out to consolidate the existing 1st and 2nd mortgages and to invest in his business. Borrower has owned the property for several years.Subject is an 8,136 s.f. single story retail multi-tenant center located in the the High Desert. The Property sits on a 15,300 s.f. lot…
Borrowers were seeking business purpose cash-out refinance loan to make repairs to the property.Subject is a 2 story, Multi-family property in Los Angeles. The Property is 100% occupied with rent-controlled contract rental rates. The Property consists of three buildings built in 1909, 1910, and 1947. There are three different 2 bedroom layouts. One is a…
Borrowers were seeking a Business Purpose Purchase loan to purchase this single family home as an investment rental property for the borrowers..Subject is a 2 story, 5 bdrm/4 ba Single Family Residence located in the Chapman Heights neighborhood in Yucaipa. The Property measures 4,375sf of gross living area, and is situated on an 11,445 sf…
Self-employed borrower was seeking a business purpose cash-out loan to consolidated 1st and 2nd TD loans, payoff tax lien and invest in business operated at property.Subject consists of a Single Family Residence (SFR) and two light Industrial Buildings. The SFR is a 1 story, 4 bdrm/1 full ba older SFR located in San Diego close to shopping,…
Borrower wanted to downsize and purchase 13 Sally Ann Road. SFR in Orinda, CA with cash plus a 1st TD on subject property and cross- collateral property located at 86 Hillcrest Drive, Orinda, CA.Subject Property is a 3 bed/2 bath, 2,221 s.f. SFR sitting on a 19,110 s.f. lot in heart of Glorietta, Orinda, one…
Borrower was seeking this Business Purpose Cash Out loan to invest in a 30 unit apartment building in CA. Subject is a 2 story SFR with 5 bedrooms, 3 bathrooms located in Placentia, CA . The property measures 3,500 sf on a 7,208 sf lot. The Property features a nice backyard with a pool & spa, and boasts formal dining…
Borrower was seeking this Business Purpose Cash Out loan to invest in a new business for online retail sales of transponder and car partsSubject is a 1 story SFR with 4 bedrooms, 3 bathrooms. Property is located in Garden Grove, CA . The property measures 2,975 sf on a 10,989 sf lot. The Property features a large lot, and…
Borrower was seeking this Business Purpose Cash Out loan to purchase a 30 unit apartment building in CA. Subject is a 1 story SFR with 3 bedrooms, 2 bathrooms. Property is located in Anaheim, CA within easy access to both the 5 and 91 freeways. The property measures 1,576 sf on a 6,000 sf lot.…
Riverside, CA DownloadRecent Transaction – $107,500 Business Purpose Cash Out, Riverside, CA Property / Loan Information Property Type Single Family Residence Lien Position 2nd TD Loan Amount $107,500 Broker Opinion $450,000 Occup Owner Occ. Lender Rate 10.25% LTV on BPO Value 65.00% Loan Type Business Purpose Cash Out Amortization Interest Only Due in 36 mos. Guaranteed Int. 6 months…
Dana Point, CA Download Recent Transaction – $500,000 Business Purpose Purchase, Dana Point CA Property / Loan Information Property Type Single Family Residence Lien Position 1st TD Loan Amount $500,000 Broker Opinion $867,140 Occup Non Owner Occ. Lender Rate 8.25% LTV on BPO Value 57.66% Loan Type Business Purpose Purchase Amortization Interest Only Due in 36 mos.…