Hello again everyone;
I wanted to let each of you know that I have many investors available to fund local loans, throughout Sonoma County and the contiguous counties.
It’s been a really busy month for hard money loans and I know with the current real estate market it isn’t going to quiet down, which is fine with me.
I like being able to work with many of you, helping your clients get their deal closed!
Below are recent hard money loans funded through my office. I hope it gives you a better idea of how I can service you and/or your clients with hard money loans.
RECENT HARD MONEY LOANS
Martinez, California – Refinance
Hard Money Loan of $280,000 for 60 months @ 8.5% interest only! Borrower has owned this rental property for 12 years. It’s a 4/2 and 1,430 sq. ft. with a 7,000 sq. ft. lot. Based on comps has a loan to value of 53.8%.
Healdsburg, California – RUSH loan for owner occupied purchase
Hard Money Loan of $220,000 for 85 months @ 9.25% interest only! Loan to value is 36.67%. The home is 3 bed/2 bath and 1,900 sq. ft. on a 19,119 sq. ft. lot (.44 acre) that was just completed. Good looking home.
Mountain House, California – Owner occupied purchase
Hard Money Loan of $150,000 for 85 months @ 10% interest only. Loan to value based recent appraisal is 40.5%. The home is 4 bedroom, 2.5 bath of 2,791 sq. ft. on a 6,098 sq. ft. lot. Very nice home. Good loan to value.
Oakley, California – Owner occupied purchase
Hard Money Loan of $245,000 for 85 months @ 10.25% interest only! Loan to value is 70%. The home is 4 bed/3 bath and 3,486 sq. ft. on an 8,838 sq. ft. lot that was built in 2007. Nice looking home.
Oakland, California – RUSH loan for non-owner purchase
Hard Money Loan of $93,750 for 24 months @ 12% interest only. Purchase price is $125,000. Loan to value is 75%. This is a duplex. Units are each 2 bed/2 bath of 788 sq. ft. on 4,791 sq. ft. lot built in 1946. Buyer is a busy realtor. This is my 5th loan to her.
Santa Rosa, California – Owner occupied purchase
Hard Money Loan of $80,000 for 85 months (@ 12.0% interest only. Loan to value of 70%. The unit is a 2/1 at 816 sq. ft. built in 1959.
Forestville, California – Refinance
Hard Money Loan of $50,000 for 85 months @ 8.0% interest only! This is a cash-out refinance for a property that was purchased all cash in March 2012 for $140,000. Loan is 35.72%. The home is 2 bed/1 bath and 908 sq. ft. on a 6,534 sq. ft. lot built in 1950.
Borrower stated they did spend $45,000 to $50,000 remodeling the home.
Stockton, California – Non-owner purchase
Hard Money Loan of $53,000 for 36 months @ 13.0% interest only. Loan to value is 70%. This is a short sale that is finally happening. This is a 4 plex. Rents will be from $750 to $900. Buyer has been a real estate agent for almost 4 years. This will be the 4th loan I have done for her. She has decent credit and great income.
Our loan approval is based on just 2 criteria:
1. Good Down Payment
2. Ability to Repay
- Owner Occupied and Investor financing
- FAST private money purchase financing Sonoma County and contiguous Counties
- FICO is not a factor
- Up to 75% loan-to-value – Case by case basis
- Lower rates with Good Compensating Factors– Case by case basis
- Loan amounts from $40,000 – $2 million
- Fast refinancing.
SPECIAL NOTE: WE CAN DO A LOAN FOR SOMEONE FRESH OUT OF FORECLOSURE, BANKRUPTCY OR SHORT SALE!
CALL FOREST – The Guy in the White Hat – at (707) 523-2099;
Or email him through the website at: www.sunpacmortgage.com