Recently Funded Hard Money Loan in Murrieta for $100,000.00

800 credit score business owner, business owner and long-time nurse was seeking a cash-out 2nd TD to pay business expenses for a business that she owns with her husband, Predator Truck Caps.

Built in 2005, the subject is a beautiful 2-story home in the La Cresta neighborhood of Murrieta in Riverside County. The home sits on a 4.4-acre lot and comprises 5 bedrooms and 3.5 baths with 4,519 sqft.  The home features a living room, family room, loft and 3-car attached garage. The property is conveniently located near I-15 and I-215 as well as parks, recreation, shopping, schools, restaurants and medical facilities.

Recent Transaction – $100,000 Business Purpose Cash Out Re-Fi, Murrieta, CA


Recently Funded Hard Money Loan in Murrieta for $137,500.00

Foreign National real estate investor and business owner was seeking a cash-out 2nd TD on this non-owner occupied SFR to invest into his pharmacy business, The Chief Corner Stone. Loan proceeds were used for inventory, marketing and operating expenses.

The subject property is located in Murrieta, CA in Riverside County. The home sits on a 7,840 sqft lot and comprises 4 bedrooms and 3.5 baths with 3,977 sqft.  The home features a double staircase, living room, loft and a backyard.  The property is conveniently located near I-15 and I-215 as well as parks, recreation, shopping, schools, restaurants and medical facilities.

Recent Transaction – $137,500 Business Purpose Cash-Out Re-Fi, Murrieta, CA


Fix and Flip Loan Funded – Murrieta, CA

Murrieta, CA

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Property / Loan Information
Property Type SFR
Lien Position 1st TD
Loan Amount $1.56Mil
Purchase Price $1.95Mil
Occup Non-Owner Occ.
Interest Rate 11.50%
LTV on Purch Price 80.00%
Loan Type Fix and Flip
Amortization Interest Only due in 12 mos.
Guaranteed Interest 6 months


Loan Scenario:

737 Mid FICO Real Estate Investor and General Contractor purchasing this SFR for fix and re-sell.  Borrower is putting over $400k of own cash into this investment with $150k in rehab with funds control company. Subject Property is a 5 bdr, 5.3 baths SFR on a large 10,816 sq. ft. lot located in Murrieta, CA.  Mortgage Vintage, Inc. was able to fund the loan within 3 business days from receiving the signed Term Sheet.