Hard Money, also known as Private Money, plays an increasingly significant part of today’s real estate financing. Just within the past couple of weeks, our company funded a jumbo loan of $803,000 on an owner occupied purchase in Berkley; A $593,000 for an investment property purchase by San Diego and another jumbo size loan of $850,000 for a refinance of some rental units by San Francisco.
For those with tarnished credit, self employed and difficult to prove income or if the property needs fixing so won’t qualify for conventional financing – Hard Money is the only option, and, it could be the strongest option at times for making the better offer, getting that one property you have set your sights on, etc.
This KCM infographic provides another reason real estate selling, buying and investing is beneficial to more than just one person or family: Economic Impact of Every Home Sold
Forest – The Guy in the White Hat
Hard Money Broker of family owned & operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! www.sunpacmortgage.com 707-523-2099
CA BRE License #01000559. NMLS #289456