Recently Funded Hard Money Loan in Huntington Beach for $835,400

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 to build a 132-bed assisted living facility.

This stunning two-story single family residence was built in 2007.  The home has 5,556 sqft of livable space with 5 BR and 7 BA and 14 total rooms.  Situated at the end of a cul-de-sac, the property has direct access to the water and its own private doc with over 129 feet of frontage.  With water views from both floors, this home also features a home theater, elevator, travertine floors, custom iron banisters, crown and base moulding, chef’s kitchen, master suite with double steam shower and Jacuzzi tub, 4 car attached garage.


Recently Funded Hard Money Loan in Huntington Beach, CA for $2,300,000

Borrower was seeking a Business Purpose Purchase to acquire this single family residence in Huntington Beach as an investment property.

Subject property is a ranch style 1 story, single family residence located in Huntington Harbour in Huntington Beach, CA.  The Property is a 4 bdrm/4.2 bath home that has 5,002 sqft. of living space. Property has been completely remodeled with top of the line design elements, floor to ceiling windows with water views from nearly every room.  Property has two boat docks fitting boats up to 100 ft and 60 ft respectively.

Recent Transaction – $2,300,000 Business Purpose, Huntington Beach, CA


Recently Funded Hard Money Loan in Huntington Beach, CA for $450,000

Property / Loan Information
Property Type Single Family Residence
Lien Position 1st TD
Loan Amount $450,000
Broker Price Opinion $850,000
Occup Non-Owner Occ.
Lender Rate 7.75%
LTV on BPO 52.94%
Loan Type Business Purpose Cash Out
Amortization Interest Only Due in 24 mos.
Guaranteed Int. 6 months

 

 

 

Loan Scenario:

Borrower and long-time owner seeking a business purpose cash out to make cosmetic upgrades and repairs to improve marketability and increase rents.

Subject is a traditional 1-story, 3 bdrm/1ba Single Family Residence located in the highly desirable area Huntington Beach, CA.  The Property measures 1,334 sf of gross living area, and is situated on a 4,791 sf lot.  Property is in the downtown area and is in close proximity to restaurants and shops, as well as all services. Property features new roof, central air and heating, and hardwood floors throughout.

Mortgage Vintage, Inc. was able to fund this hard money loan in Huntington Beach, CA within 3 business days from receiving the signed Term Sheet.

 

 


Recently Funded Hard Money Loan in Huntington Beach, CA for $108,000

Property / Loan Information
Property Type 4 Unit Multi-Family
Lien Position 2nd TD
Loan Amount $108,000
Broker Price Opinion $1.62Mil
Occup Owner Occ.
Lender Rate 9.00%
CLTV on BPO 9.32%
Loan Type Business Purpose Cash Out
Amortization Interest Only Due in 60 mos.
Guaranteed Int. 12 months

 

 

 

Loan Scenario:

Self-employed Borrower seeking a business purpose investment cash out to invest in Borrower’s truck repair and leasing business.

Subject was a 2-story, 4 unit multi-family property 1.5 miles from the ocean.  Property measures 4,400 sf of gross living area, and is situated on a .191 acre lot.  Property is located next to Huntington Harbor in close proximity to many shops, entertainment and the ocean.  All the units were well maintained. .

Mortgage Vintage, Inc. was able to fund this hard money loan in Huntington Beach, CA within 3 business days from receiving the signed Term Sheet.

 

 


Recent Transaction in Huntington Beach – Business Purpose 2nd Cash-Out

Property / Loan Information
Property Type SFR
Lien Position 2nd TD
Loan Amount $185,000
AVM Value $799,000
Occup Non-Owner Occ.
Lender Rate 11.00%
LTV on AVM Value 53.27%
Loan Type Business Purpose Cash-Out
Amortization Interest Only Due in 12 months
Guaranteed Interest 4 months

 

 

 

Loan Scenario:

Real Estate Investor looking for a cash out 2nd TD on their well-located 3 level rental property in the SeaCliff Estates Development.  Loan amount is paying off an existing $135k 2nd TD and the cash-out funds will be used to finance a $50k rehab on the property in preparation for sale. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.


Recent Transaction in Huntington Beach – Business Purpose Purchase

Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $235,500
Appraised Value $785,000
Occup Non-Owner Occ.
Interest Rate 9.00%
LTV on
AppraisedValue
30.00%
Loan Type Business Purpose Purchase
Amortization Interest Only Due in12 months
Guaranteed Interest 6 months

 

 

 

Loan Scenario:
International Real Estate Investor and Foreign National looking to purchase SFR for rental income. Borrower is putting in over $550k of own cash in this investment. Subject Property is a 5 bdr, 1.75 baths two-story SFR located in Huntington Beach, CA. Property is sitting on a large 6,510 s.f. lot with 4 bedrooms upstairs and one downstairs, energy efficient dual pain windows, wood style laminate flooring, ceramic tile flooring, plush carpet flooring. Mortgage Vintage, Inc. was able to fund the loan quickly within 3 business days from receiving the signed Term Sheet.


Huntington Beach – Owner Occ. Bridge Loan Funded

Mortgage Vintage, Inc. funds Hard Money Loans in Huntington Beach, Orange County, and all of southern California. We are a direct lender located in Newport Beach.  We have funded dozens of private hard money loans in Orange County, Los Angeles, Riverside, San Diego, San Bernardino, and most of southern California. Call today to see how fast we can fund your first trust deed.  We specialize in Short Term Loans, Bridge Loans, Loans for Self Employed Borrowers, Small Commercial Loans, Business Purpose Cash Out Loans, First and Second Trust Deeds, Fast Funding Loans for Short Sales and Foreclosed Properties.

This is an example of Bridge Loan that we did for a borrower in Huntington Beach.

Huntington Beach, CA

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Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $300,000
Purchase Price $905,000
Estimate Rent $3,381
Interest Rate 11.25%
LTV on Purch Price 33.15%
Loan Type Owner Occ. Bridge Loan
Amortization 30 Year amort/due in 11 months
Guaranteed Interest 3 months