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Ft And Kw Feb 2

Direct Private Money Lenders – The Guys in the White Hats

  • FAST Closing
  • Stated Income (Business Purpose Loans)
  • Primary Residences
  • Never ran out of money after 33 years in business!

Recently Funded:

Loan Program: Primary Residence Purchase
Loan Size:  $918,000
Location:  Corte Madera, Marin County
Days to Close:  20
Why Came To Us: Difficult to prove income as self-employed.

Loan Program: Primary Residence Refinance
Loan Size:  $518,000
Location:  Palo Alto, Santa Clara County
Days to Close:  11
Why Came To Us:  Consolidating debt to improve credit.

Loan Program:  Investment Property Purchase
Loan Size:  $1,120,000
Location:  Seaside, Monterey County
Days to Close:  16
Why Came To Us: Property condition was poor.

Loan Program:  Investment Property Refinance
Loan Size:  $750,000
Location:  Los Angeles, Los Angeles County
Days to Close:  9
Why Came To Us: Wanted fast capital for business venture.

Call today 707-523-2099 with your scenario.

Sonoma County Real Estate Kicks Off In 2021

Sonoma County Real Estate Kicks Off In 2021

If there was ever a question regarding the health of Sonoma County’s real estate market, it was answered during the 2nd week of January 2021.

Based on information obtained from MLS data, here are some solid facts to confirm the upward trajectory of the market just as the year is jetting into 2021:

  • Active Listings:  557 over the 554 the previous week.
  • Sold:  78 over the 71 the prior week.
  • Coming Soon:  20 over 17 in the previous week.
  • Santa Rosa Active Listings:  256 which is just about level with the previous week of 257.

With strong demand from buyers, sellers can be assured of a quick close to their listing.  Call your real estate agent soon to get started on your way to finding a path to financial security and a better life.

And, for anyone who is having slow mortgage approval through conventional lending institutions, private money could be the temporary solution!  Our family company of 33 years has various private money loan programs and we stand ready to answer any questions and get you fast financing to buy that home.

2021 Faces of Sonoma County

Faces Of Sonoma County

We’re honored to be featured in the Sonoma magazine’s “Faces of Sonoma County” section, wherein they recognize working professionals making impactful contributions to the community.  We are proud to be able to help so many through our family company: 

For more than 32 years, Sun Pacific has been a private money-lending firm for real estate throughout California.  The aim of our family-owned-and-operated business has always been to help the real estate community by offering alternative financing for those turned down elsewhere.  Our programs come to the rescue with mortgages funded by private individuals.

These loans make mortgages easier, thanks to fewer qualifications, and faster too – frequently completed in a week or less.

As we move into our third decade as licensed Realtors, lenders and private money brokers, our company has become a leading expert – and we’ve never run out of money to lend!

Jan/Feb 2021 Sonomamag.com

Real Estate Becomes the Driving Force in the Economy

Real Estate Becomes The Driving Force In The Economy

It is safe to say that the word “home” has taken on new meaning during this year’s health issues.  In California, many have considered buying or selling much sooner than they anticipated.  This demand and lower housing inventory in many California counties, have seen an almost unprecedented appreciation in real estate values.

According to the Bureau of Economic Analysis, the U.S. Gross Domestic Product increased at an annual rate of 33.1% in the 3rd quarter of this year, after decreasing by 31.4% in the 2nd quarter.  There is no doubt the growing economy is being fueled in large part by the healthy housing market.  Economist forecast this housing growth to continue into 2021,  which will make a big impact on the economy next year as well.

For years, real estate has been considered the best and safest investment you can make.  A major reason for this characterization is the fact that an individual’s net worth is through homeownership.  According to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family in the U.S.”

The National Association of Realtors has explained how wealth gains tend to play out over time:  “Housing wealth accumulation takes time and is built up by paying off the mortgage debt and by price appreciation.  And while home prices can fall, home prices tend to recover and go up over the longer term.”

Whether you are a current homeowner in one of many California’s populated counties, planning to put your equity toward a new home or have hopes of buying your first home soon, homeownership will always be a great opportunity to build your net worth.  Owning a home is unquestionably an investment in your financial future.

If you have difficulties qualifying for a conventional home loan, give Sun Pacific Mortgage a call at 707-523-2099 to see if private financing is a solution to your problem.  We have helped thousands in California over the past 32 years to realize their dream of home ownership.

End The Year With Loan Approval!

Providing Loans Family

How about ending this year with “Loan Approved” or “Loan Done”!

With our Private Money programs this can happen:

– FAST funding.
– No covid restrictions.
– Difficult to prove income OK.
– Primary residences & investment properties financed.

Recently Funded:

Location:  Watsonville, Santa Cruz County
Finance Program:  Primary residence purchase
Loan Size:  $565,000
Days to Close:  11
Why Needed Us:  Needed fast close to purchase family home.

Location:  Berkeley, Alameda County
Finance Program:  Investment Property Refinance
Loan Size:  $762,000
Days to Close:  17
Why Needed Us:  Needed cash to make necessary repairs before listing house.

Location: Los Angeles, Los Angeles County
Finance Program:  Primary residence refinance
Loan Size:  $577,000
Days to Close:  14
Why Needed Us:  Needed to consolidate debts to repair credit.

Make Your Holiday Merrier With Our Loans!

Internet Christmas Card

We are Direct Private Money Lenders – The Guys in the White Hats

Our entire family team is here to make your Holiday season merrier by providing fast loan approval and fast funding!

Our Private Money programs have:

– No covid regulations.
– More forgiving qualifications.
– Fast funding ability with many loans closed in a week.

Loan of the Week

A Realtor from San Mateo reached out to us about a client of theirs who needed some fast funding for his property in Belmont.  He was in a rush to complete upgrades on a rental property for re-sale but was having difficulty getting the financing from other lending institutions.

With an LTV of 53%, the requested refinance with cash out of 750K was an easy one for us!  In just 9 days, this Borrower closed escrow and was set up to complete his renovations rapidly with all necessary cash to hand.

Our private money loan programs are a great solution for those in need of fast financing for quicker purchases and refinances.

 

If you, a Buyer or Borrower needs flexible qualifications or faster financing, call us at 707-523-2099 or reply back by email so we can let you know what we can do for you.

2021 Housing Forecast Looking Rosy

2021 Housing Forecast Looking Rosy 1

Most of us living in California will be happy to bid, “Good riddance” to 2020.  While much of the hallmarks of this past year will go away, the rising home prices in many California counties which became distinct characteristic of this past year, may be here to stay.

Realtor.com’s housing forecast predicts record-high prices will continue rising in 2021.  The frenetic pace of price growth seen in 2020 may slow somewhat, but prices are still expected to jump 5.7% next year.

According to Danielle Hale, Chief Economist at realtor.com:

“We expect affordability to become a bigger challenge.  It’s going to make housing more expensive. [But] home prices will rise slower than this year, on the upper end of what we consider normal price growth.”

However, higher prices aren’t likely to discourage determined buyers – as has proven this year with continued real estate sales throughout many busy counties including San Francisco, Los Angeles, Sonoma, Monterey and more.

Sales of existing homes are projected to increase 7% in 2021.  Besides those buyers who are looking for larger homes for work and school demands, there will be many baby boomers looking to downsize and apartment dwellers seeking homes of their own.

More homes are likely to become available in the last six months of 2021.  The increase in inventory will, most probably, be because of more sellers listing their properties as well as builders completing more new homes.

If you are a borrower who cannot qualify for a conventional loan and are looking to take advantage of the lower prices now as opposed to higher prices predicted in 2021, give Sun Pacific Mortgage a call at 707-523-2099.   We have been in the private money lending business for over 32 years and have helped thousands of borrowers just like you.  Don’t wait until you are priced out of the market, give us call now.

Get Ahead Of The Home-Buyer Competition

Get Ahead Of The Home Buyer Competition

One phenomenon that has surprised many home seekers this year is the competition that awaits them when they begin their search.  With the pandemic restrictions, many assumed that the housing market would slow down, but that has hardly been the case, especially here in California.

California homebuyers’ demands have escalated for several reasons, primarily because of low interest rates and the need for more space now that families are home more, engaged in work and school.  Many of our homes’ shortcomings have been magnified with the increased time being spent there.

Finding your dream home today is more challenging than ever, and some shoppers are tempted to put their search on hold because of the stiff competition. The latest data from the National Association of Realtors found that in today’s market, the average house receives 3.4 offers before it’s sold.  This means that for every buyer who purchases a home, there are on average 2-3 buyers who need to begin their search all over again.

Experts anticipate home prices will continue to rise into 2021 along with interest rates as the economy strengthens.   With this scenario facing prospective buyers throughout California, they will most likely run the risk of finding a more expensive housing market when they start looking again.  The conclusion to be made with these prospective outcomes is that the winter of 2020-2021 is the right time to make your move!

If you find yourself needing a fast close to put you in a better position against your competition when making your real estate offer, consider a private money loan from Sun Pacific Mortgage.  We offer quick private money loans that will make your offer stand out in the crowd.  Give us a call at 707-523-2099 and see what we can do for you.

This Economy’s Recovery is a Surprise to Even the Most Experienced Economists

This Economy’s Recovery Is A Surprise To Even The Most Experienced Economists

Remember back in March when it was all gloom and doom relative to the economy?  The predictions were downright apocalyptic not just for California but most of America!  It was even going to be another Great Depression.  Fast forward to September…while the country is still a little unstable, it is evident that we will not face the total devastation projected by some soothsayers.  The Wall Street Journal just reported:

“The U.S. economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected…Business and academic economists polled by WSJ expect gross domestic product to increase at an annualized rate of 23.9% in the 3rd quarter.  That is up sharply from an expectation of an 18.3% growth rate in the previous survey.”

The question remains, what shape will this recovery take?  Historically, recoveries have taken the form of one of four letters:  V, U, W, or L

  • V-shaped recoveries are all about the speed of the recovery.
  • U-shaped recoveries are characterized by a sharp fall into a recession but remaining depressed for a longer period than a V, possibly even for several years.
  • W-shaped recoveries begin like a V-shaped recovery, but plunge into a second, often smaller depression before fully recovering to pre-recession levels.
  • L-shaped recoveries are the worst-case scenarios.  Although the economy begins to grow, it remains at a much lower base than before the recession and can last several years.  The 2008 recession was an example of this type of recovery.

The Wall Street Journal asked the same economists as in the previous survey which letter this recovery will most resemble.  The results give us reason to hope:

  • 68% believe it will be a V
  • 11.1% believe it will be a W
  • 3.7% believe it will be a U
  • 1.9% believe it will be an L

From this report we can see that while the economy has a long way to go, so far, we are doing much better than most experts predicted.  And one of the reasons we seem to be coming out of this recession so quickly here in California is the real estate market.  It is hot hot hot and continues to surprise everyone.

So, if you ever thought about adding real estate to your retirement portfolio, this may be the time to do it.  Give us a call at Sun Pacific Mortgage 707-523-2099 if you don’t quite qualify for a conventional loan or need a fast close.  We have helped thousands of buyers just like you over the past three decades.

Turned Down Elsewhere for Home Loan?

Turned Down Elsewhere For Home Loan

We are Direct Private Money Lenders – The Guys in the White Hats

We offer FAST private money financing for your real estate needs:

– Direct Lenders
– FAST Loans
– More forgiving qualifications with NO covid regulations.

Loan of the Week

A Broker from Santa Clara called us, requesting fast help with a client she had.  This particular Homeowner was looking for a fast refinance and cash-out of their primary residence, so they could purchase an investment property for 560K.

They were in Escrow and his loan had just fallen through, due to some trouble with proof of income.  He was about to lose out on a great investment purchase, so his Broker made the smart move and brought him to us for fast financing.

With an LTV of just 48%, in 9 days we had his refinance approved, through Escrow and his new investment property keys in hand!

 

Get trusted and friendly service from our family owned & operated company, in business over 32 years.

Call 707-523-2099 with your scenarios today.

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