Recent Transaction – $900,000 Business Purpose Cash Out, Newport Beach, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out of this non-owner occupied investment property to invest back into his custom modular tent business, Creative Tent International. Property is currently owned free and clear. With projects in more than 60 countries,…
Recent Transaction – $260,650 Business Purpose Purchase, Santa Ana, CA Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase this HUD owned Santa Ana property. Borrower owns multiple investment properties in and around Santa Ana in Orange County. Subject Property is a single-story,…
Recent Transaction – $200,000 Business Purpose Cash Out, Corona, CA High FICO score borrower and real estate investor was seeking a business purpose cash-out 1st Trust Deed on this property located in Corona. Funds will be used to complete construction of the property. The property promises to be an ideal starter home due to its…
Recent Transaction – $383,500 Business Purpose Cash Out, Oceanside, CA Real Estate Investor and business owner was seeking a cash-out 1st Trust Deed on this free-and-clear Oceanside, CA duplex to make improvements to both units that will in turn allow him to attract market rents. Property owner will also use a portion of the loan…
Recent Transaction – $308,000 Business Purpose Cash Out, Monterey Park, CA Real Estate investor was seeking a business purpose cash-out 2nd TD on this non-owner occupied property to use for real estate investments. Purpose of the loan proceeds was to acquire 8 acres of fully entitled and permitted land in Indio, CA to build a…
Recent Transaction – $200,000 Business Purpose Purchase, Santa Ana CA Previous successful Mortgage Vintage borrower and experienced fix and flip professional was seeking a business purpose 1st Trust Deed to purchase these 2 properties in Santa Ana. Borrower is a successful home builder and Realtor in Santa Ana and owns multiple investment properties in Orange County.…
Recent Transaction – $150,000 Business Purpose Cash Out, Colton CA Self-employed borrower was seeking a Business Purpose Cash-Out Refinance on this non-owner occupied SFR to expand his business, E&G Mobile Truck Washing. Subject property is a single-story, single family residence located in Colton, CA. The Property is a ranch style 2 bdrm/1 bath home with…
Recent Transaction – $187,200 Business Purpose Cash Out, Weed, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out Refinance of this non-owner occupied investment property to invest back into her custom modular tent business, Creative Tent International. With projects in more than 60 countries, Creative Tent International provides custom tent solutions…
Recent Transaction – $275,000 Business Purpose, Jurupa Valley, CA Borrower was seeking this Business Purpose Cash-Out Refi to refinance the existing first TD on this non-owner occupied investment property. Subject property is a 2 story, single family residence located in Jurupa Valley in Riverside, CA. The Property is a 6 bdrm/3 bath home that is…
Recent Transaction – $107,250 Business Purpose Cash Out, Weed, CA Real estate investor and business owner was seeking a Business Purpose Cash-Out Refinance of this non-owner occupied investment property to invest back into her custom modular tent business, Creative Tent International. With projects in more than 60 countries, Creative Tent International provides custom tent solutions…
Recent Transaction – $152,750 Business Purpose Cash Out, Lancaster CA Real Estate investor borrower was seeking a Business Purpose Cash-Out Refinance to make improvements to two investment properties and bring property taxes current. Subject property is a single-story, single family residence located in Lancaster, CA. The Property is a traditional style 3 bdrm/2 bath home…
Recent Transaction – $75,000 Business Purpose, Santa Ana, CA Good credit score borrowers were seeking a Business Purpose Cash-Out loan to acquire an Orange County single family residence investment property in Tustin. Front unit has 4 bdrm / 2 ba, back unit has 2 bedrooms and 1 bathroom. There is a studio between the…
Real Estate investor was seeking a business purpose cash-out 2nd TD on this non-owner occupied property to use for real estate investments. Subject Property is a beautiful 2-story, 5 BR / 3 BA traditional style SFR in Hacienda Heights, CA. The home has 3,197 sf of living space and is situated on 42,248 sf, nearly…
Previous and successful Mortgage Vintage borrower and real estate investor was seeking a $59,150 1st mortgage to renovate and update this property in Bakersfield. $20,000 of the loan proceeds will be held back in funds control. After completion of renovation, Borrower intends to sell property. Subject Property is a non-owner occupied single-story, 3 BR / 2…
Good credit Real Estate Investor looking to cash – out to fund continued construction of multiple single family homes for a real estate investment project in Anaheim. Borrower purchased subject property in 2011 and currently operates California Team Realty office out of the space. Borrower is an experienced fix and flip investor and developer. Borrower improved…
Good credit, self-employed Borrowers seeking a business purpose cash-out 2nd TD to further grow their medical and urgent care business facilities. Borrowers are previous successful Mortgage Vintage borrowers. Subject Property is a non-owner occupied 2-story, 7 BR / 6 BA Tudor SFR in the Linda Vista neighborhood of Pasadena. The home has 5,463 sqft of…
Real Estate Investor Borrower was seeking a Business Purpose Purchase loan to acquire this investment property. Borrower plans to keep the property as a rental for $2,650/mo. The quality of construction is average for the area. No functional or external inadequacies were apparent. At the time of the inspection there did not appear to be…
Borrowers were seeking a business purpose cash-out refinance 2nd Deed of Trust for this owner-occupied property to invest in his Munoz Direct Push business. The subject property is a SFR with 3 bedrooms, 1 bathroom, 1,450 sf living area, 6446 sf lot size, and was built in 1955. Subject appears in average to good condition overall…
Borrower was seeking a Business Purpose Purchase to acquire this single family residence in Garden Grove as investment property. Subject property is a ranch style 1 story, single family residence located in Garden Grove. The Property is a 4 bdrm/2 bath home that is approximately 1,644 sf. Property has hardwood flooring throughout, two kitchens, and…
Borrowers were seeking a business purpose cash-out refinance for this non-owner occupied rental property to refinance existing loan and make improvements to the property. Borrower has owned the property since 2010. Subject property is a 2 story Single Family Residence located in the historic area of Santa Ana. The home is 1,533 sf with 3…