What a great time to be a Private Investor in real estate. Hard money loan borrowers have only been increasing since 2012, as it is the only game in town after their favorite Bank or Conventional Lender tell the Borrower “no”.
A Private Investor is also known as:
Private Mortgage Lender
Hard Money Investor
Hard Money Lender
These are all private individuals lending their money directly to the borrower with a promissory note with interest rates, points and prepayment penalties the investor sets, and securing that promissory note with a real estate mortgage.
Our family owned and operated Sonoma county company, Sun Pacific Mortgage & Real Estate, has been working with Private Investors since 1988 and we have become known for our integrity and honesty, throughout all of California.
We promote purchase loans as well as refinance loans and these can be at any Loan To Value up to 75%. With this down payment and equity in the property, the homeowner or real estate investor, is not likely to walk away from the property. Many individuals have started or are continuing as a Private Mortgager Investor as they can secure a consistent monthly income from it. It can be an excellent cash flow for someone retired or looking to set up their retirement funds.
A loan done through our office for a Sonoma County Home Buyer came to $196,000 with a rate of 12% and the Investor now gets a monthly return of $1,960. This Homeowner is very happy and intends to refinance down the line for lower rate but gets the home they’ve been searching for!
Realtors, Brokers and Borrowers, for those who have a bankruptcy, short sale or foreclosure, have poor credit or difficult-to-prove income due to being self employed but have a decent down payment or existing equity, have come to know that they can most likely get a loan from us, despite being turned down elsewhere. We regularly have new and available trust deed offerings requiring funding.
Hard Money Investing in California is ripe. Time to jump on the bandwagon with Sun Pacific Mortgage & Real Estate and get a good taste!
If you are interested in investing with us then Call Our Office at (707) 523-2099.