Recently Funded Hard Money Loan in Irvine, CA $403,310

Property / Loan Information
Property Type Single Family Residence
Lien Position 1st TD
Loan Amount $403,310
Appraised Value $1,500,000
Occup Owner Occ.
Lender Rate 7.50%
LTV on Appraisal 26.89%
Loan Type Consumer Bridge Loan
Amortization Interest Only Due in 11 mos.
Guaranteed Int. None

 

 

 

 

 

 

Loan Scenario:

Borrowers received a consumer bridge loan to close the purchase of this new home which is being built.

Subject is a 2 story, 4 bdrm/3 full ba Single Family Residence located in the gated community of Laguna Altura in Irvine.  The Property measures 2,459 sf of gross living area, and is situated on a 4,235 sf lot.

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

 

 


Recently Funded Hard Money Loan in Irvine, CA for $246,100

Property / Loan Information
Property Type Single Family Residence
Lien Position 2nd TD
Loan Amount $246,100
Broker Price Opinion $1.234Mil
Occup Owner Occ.
Lender Rate 9.50%
CLTV on BPO 65.00%
Loan Type Business Purpose Cash Out
Amortization Interest Only Due in 24 mos.
Guaranteed Int. 5 months

 

 

 

Loan Scenario:

Self-employed Borrower was seeking a business purpose investment cash-out refinance to invest in Borrower’s technology business and payoff existing two existing liens.  Subject is a 2-story, 5 bdrm/3ba SFR, 3,200 S.F., situated on a .0955 acre lot in Irvine, CA . Property is located in very close proximity to UC Irvine, University Town Center, Turtle Rock, John Wayne Airport, parks and shopping mall. Property features a large backyard and large patio.

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

 

 


Owner Occ. Rate & Term Refi Loan Funded

Irvine, CA

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Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $515,000
BPO Valuation $792,000
Occup Owner Occ.
Note Rate 11.50%
LTV on BPO Valuation 65.05%
Loan Type Business Purpose Cash-Out
Amortization 30 Year amort/due in 5 years
Guaranteed Interest 6 months



Loan Scenario:

Borrower is an attorney looking for rate and term refinance to payoff maturing existing business purpose 1st Trust Deed from California Bank and Trust and a Tax Lien. Borrower will be bringing close to $50k cash to close this transaction. Subject Property is a 4bdr, 3 baths SFR centrally located in the Woodbridge area of Irvine between the 405 Freeway and the 5 Freeway with close proximity to Deerfield Park.  Mortgage Vintage, Inc. was able to able to quickly fund the loan within 3 business daysfrom receiving the signed Term Sheet.


Business Purpose Cash Out TD Funded

Irvine, CA


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Property / Loan Information
Property Type SFR
Lien Position Second
Trust Deed Amount $339,000
Property Valuation $957,900
Amortization and Term 30 Year amort/due in 3 years
CLTV on As Is Valuation 60.18%
Loan Type Business Purpose Cash-Out
Occupancy Owner Occupied
Prepay Penalty 6 months