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Property Geographic Area Details

Southern California - LA, Orange County, San Diego, Inland Empire, Ventura, Santa Barbara, Bakersfield

Loan Amounts

$50,000 to $5,000,000

Interest Rates

7.99% to 10.99%

Max Loan-To-Value

65%

Max Loan-To-Cost

80%

Origination Fees

2% to 4%

Loan Terms

12 months to 60 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial
  • Owner Occupied Residential

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Casino
  • Child Day Care
  • Club
  • Community Center
  • Condominium
  • Gym
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Mobile Home
  • Motel
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Residential Properties
  • Ranch
  • Recreational
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Sports Facility
  • Student Housing
  • Theater
  • Vehicle Parking
  • Winery

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Land Development
  • Residential Long-Term Rental
  • Note Purchase
  • Partner Buyout
  • Discounted Note Payoff
  • Bankruptcy Resolution
  • Foreclosure Bailout
  • Cannabis Use Properties
  • Primary Residence Business Purpose Cash Out

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

60%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Special Purpose Land
  • Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

35%

Max LTC for Land Acquisition

50%

Purchase Loan

Max Loan-To-Purchase Price

80%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Seller Financing
  • Crowdfunding
  • Family

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

1

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Bank Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Always

Fees

Underwriting Fee

$995.00 to $1,995.00

Inspection Fee

$395 to $495 per inspection for a rehab or construction loan

Mortgage Vintage, Inc. is a fast and professional direct lender specializing in bridge loans for real estate investors and business purpose borrowers looking to capitalize on market opportunities.

Mortgage Vintage, Inc. connects people who want to invest money secured by Real Estate with real estate investors and business professionals who want to borrow money. Specifically we’re a Hard Money Lender placing private investment capital into well secured and well underwritten Trust Deed Investments. Our mission is to provide the highest quality Trust Deed Investment opportunities with first class service, communication and transparency

License

CA DRE#01870605, NMLS#348836

Year Established

2009

Associations

  • California Mortgage Association - Member

Office Locations

260 Newport Center Drive, Newport Beach, California 92660

Primary Capital Source

  • Own Funds
  • Individual Investors

Alternative Capital Sources

  • Family Offices
  • Bank Credit Line
  • Crowdfunding
  • Friends & Family

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • One Investor One Loan
  • Multiple Investor Fractionalized Note

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Brokerage
  • Commercial Mortgage Banking
  • Residential Mortgage Brokerage
  • Residential Mortgage Banking

Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Percentage of Residential Property Loans Which are Fix and Flip

35%

Percentage of Residential Property Loans Which are Buy and Hold

65%

Percentage of Residential Property Loans Which are Owner-Occupied

35%

Percentage of Loans Secured by Land

10%

Total Number of Loans Funded to Date

595

Total Loan Volume Funded to Date

$150,000,000

2017 Number of Loans Funded

71

2017 Loan Volume Funded

$23,000,000

Sandy MacDougall

President and Founder

Sandy MacDougall, President and Founder, brings a wealth of financial services and technology expertise to Mortgage Vintage, Inc. and CrowdTrustDeed. At Mortgage Vintage, Sandy specializes in originating residential and commercial business purpose real estate loans in California. Sandy has orchestrated hundreds of real estate transactions throughout his career on residential, multi-family and commercial properties. Whether the transaction involved a property sale, lease or a loan, Sandy understands the needs of his clients and secures the best solution available. His unique approach to financing with private capital allows speed and flexibility that traditional banking environments cannot provide. For borrowers, Sandy and Mortgage Vintage have developed a variety of hard money loan programs that fit in the seams of conventional loans. Whether the borrower needs financing to fix and flip, fix and rent or supplement his/her business, Sandy and his team provide a fast and professional loan.

License Information
CA DRE - 01007035

Mayumi T. Bowers

Director of Operations

Mayumi T. Bowers is Director of Operations and Underwriting for Mortgage Vintage, Inc. and CrowdTrustDeed, a lender/broker which sells and originates residential and commercial business purpose real estate private money loans, in Orange County, California. As Director of Operations and Underwriting, Mayumi oversees loan originations, underwriting, closing, and compliance. Mayumi has over 20 years’ experience in commercial real estate experience having worked in commercial real estate property management, leasing, investment, and lending. Mayumi holds a B.S. and M.B.A. from Pepperdine University and a J.D. from Loyola Law School, Los Angeles. Mayumi is licensed by the CA Dept. of Real Estate.

License Information
CA DRE - 01255527

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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how will the loan be paid off?

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