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Hard Money Newsletter for Brokers
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The Tenant demand for affordable rentals and the resulting lower vacancies combined with the diversified rental income stream make multi-family properties a darling of Real Estate Investors. Mortgage Vintage, Inc. offers a very competitive Multi-Family Loan Program for both new purchases and Cash-Out refinances. I hope these recent Oct. 2013 closed transactions and borrower testimonials enhance your market knowledge. If you have a client who needs private money financing on a multi-family property, please let me know. Thanks for your support.
~ Sandy MacDougall
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Recent Transaction:
Multifamily Loan -
Kern County
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 Address: Phillipine St. Taft, CA Property Type: Multi-Family 5 Unit Loan Type: Multi-Family Fix & Rent Loan Amt:$138,000 Loan Term: 30 yr amort/due in 2 years Note Rate: 12.00% Guaranteed Interest: 6 months LTV on Purchase Price: 62.72% Total Points: 4.0 pts
NOI/Cap Rate: $22,680/10.31%
For more information on this transaction - click here To see other recent transactions click here or Like us on  |
Recent Transaction: Multifamily Loan -
Inglewood
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 Address: 111th Place Inglewood Property Type: Duplex Loan Type: Multi-Family Business Purpose Cash Out Refi Loan Amt: $225,000 Loan Term: 40 yr amort/due in 2 years Note Rate: 11.50% Total Points: 3.0 pts LTV on Estimated Value: 60.00% NOI/Cap Rate: $19,440/5.2% For more information on this transaction - click here To see other recent transactions click here or Like us on |
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Multi-Family Loan Program
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Lending Criteria
- 1st Trust Deeds Only
- Loan Sizes from $100k to $750k
- Max 60% LTV on cash-out or refinance of improved property
- Max 65% loan to purchase cost
- Short-Term Bridge (12 months) and Mini-Perm (12-60 mos)
- Rates starting at 11%
- Acquisition, construction, recapitalization, rehabilitation, repositioning
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Borrower Testimonial
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I had a wonderful private money loan experience with Mortgage Vintage, Inc. I met Sandy at my Duplex rental property and we reviewed my loan scenario. Mortgage Vintage, Inc. (MVI) quickly determined and let me know the required due diligence material. MVI successfully worked through some payoff issues with the Title Company and funded the loan 8 days after we met at the property. Mortgage Vintage, Inc. did what they said they were going to do and delivered on their commitment. I would recommend Sandy and his team for anyone considering a multi-unit cash out refinance loan.
R. Jackson
Inglewood, CA
"We were very pleased with the private money loan services provided by Mortgage Vintage, Inc. for our multi-family property purchase. Sandy and his team were very professional, worked with us to quickly close the transaction and took a personal interest in our success. Mortgage Vintage, Inc. worked with our Wholesaler, the realtor, and Title and Escrow to enable a smooth and efficient purchase transaction. I would recommend Mortgage Vintage, Inc. to any real estate investor looking for a private money loan on a multi-family purchase."
J. Hunter
Taft, CA
See more borrower testimonials HERE
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