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Tired of Being Turned Down? Loan Help Here.

June 18, 2020

June Art 1

Sick of being turned away for home loan assistance? Let us help with our alternative financing programs.

Our Hard Money mortgages are backed by real estate equity.  If you have good existing equity OR have a decent down payment then we can help you with a home purchase, maybe do a refinance for debt consolidation, get you additional cash for upgrades or that needed business capital, etc.

Call Today 707-523-2099 with any questions. We will quickly let you know what help we can provide you, a friend or family member!

Others Recently Helped by Us

Loan Type:  Primary Property Refinance
Loan Size:  $560,000
Location:  Concord, Contra Costa County
Days to Fund:  15
Why Needed Us: To pay off medical expenses and other debts.

Loan Type:  Primary Residence Refinance
Loan Size:  $320,000
Location:  South Gate, Los Angeles County
Days to Fund:  20
Why Needed Us:  Debt Consolidation.

Loan Type:  Investment Property Refinance
Loan Size:  $276,800
Location:  Seaside, Monterey County
Days to Fund:  21
Why Needed Us: Condition of property wasn’t good enough, looking to flip.

Loan Program:  Investment Property Refinance
Loan Size:  $750,000
Location:  Los Angeles, Los Angeles County
Days to Fund:  9
Why Needed Us:  Wanted fast capital for a business investment.

Spring Real Estate Boom Has Shifted to Summer

June 9, 2020

Spring Real Estate Boom Has Shifted To Summer

With the stay-at-home order gradually lifting, what was once the boom in real estate during the spring, is just now showing signs of life again as we enter summer.

To quote Joel Kan, Economist at The Mortgage Bankers Association:

“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks.”

Google Trends reports that online searches for “real estate” have increased from 68 points the week of March 15th to 92 points last week.  It appears that more potential buyers are looking for homes virtually.  The market is definitely not dead according to these statistics!

Finding a home to buy in Sonoma County or any of the surrounding counties such as Napa and Marin, remains a problem however, since spring sellers removed many listings from the market.  Although more people are putting their houses up for sale this month as compared to last month, inventory is still below last year’s level.

The message here is if you are thinking of selling your home anywhere in the North Bay areas of Sonoma, Marin, San Francisco or Sonoma County during the summer, now may be your best opportunity!  With so little competition this will allow your home to stand out in the crowd.  Home buyers are looking and with all the safety regulations being followed in these North Bay counties, you can confidently begin to show your home to prospective home seekers.

If you need to finance your purchase this summer, but do not qualify for a conventional loan or just are looking for a faster & stronger offer to beat out other home buyers, give Sun Pacific Mortgage a call at 707-523-2099.  We specialize in “non-QM” (non-qualified mortgage) type financing, also known as Hard Money loans.  Borrowers who have a blemish on their credit report or have difficulty proving their income due to being self employed, etc. can still get financing from our home mortgage programs.

Recently Funded – CovidBusters Are Us

June 4, 2020

Covid 19

No Mortgage Covid-19 Regulations Here!

We want to let you know that our loan programs are not affected by any of the new regulations implemented for traditional and conventional mortgage programs.

No need to stress if you have a lack of resources for your financial needs.  Let us be your “covidbusters” and use our Hard Money programs to help!

Call Today 707-523-2099 with any questions or specific scenarios. We can quickly let you know what we can do for you, a friend or even your client.

Scenarios Recently Financed By Us

Location:  Brokertfield, Marin County
Finance Program:  Primary Residence Refinance
Loan Size:  $860,000
Days to Close:  13
Reason Came To Us:  To settle a balloon payment that was coming due.

Location:  Escondido, San Diego County
Finance Program:  Investment Property Refinance
Loan Size:  $500,000
Days to Close:  23
Reason Came To Us:  Wanted to pay for property upgrades.

Location:  SFO, San Francisco County
Finance Program:  Commercial Property Purchase
Loan Size:  $702,000
Days to Close:  30
Reason Came To Us: Investment purchase

Location:  Camarillo, Ventura County
Finance Program:  Primary Residence Refinance
Loan Size:  $360,000
Days to Close:  24
Reason Came To Us: Debt consolidation to then improve credit.

Loan of the Week – Next Generation

May 28, 2020

Next Generation Promo

Heading Into Our Next Generation of Lending

With over 3 decades in the business of alternative financing, we are one of the few Hard Money companies capable of lending in these uncertain times.  We continue to offer our services to those in need.  Below is just one of the many ways we can be of help, with our unique Alt-A Hard Money loan program.

Loan of the Week

Recently one of our brokers had a client who needed some fast funding.  He had to resolve some critical issues prior to building on one of his properties; There were permitting fees and road work that needed to be done and done quickly.

With an LTV of 53%, this loan of $750,00 was an easy one for us.

Even though this borrower would have qualified for a conventional loan, our Alt-A loan program was a better solution for him.  This program allows borrowers who don’t quite qualify for a conventional loan or who need a quick close, to access the financing they need without the usual lengthy process.  In addition, the interest rate on these loans is significantly lower than other hard money loan programs.

In 9 days, this Borrower was closing escrow and was able to secure all the necessary permits to begin work on his property!

If you are just shy of qualifying for a conventional loan, or need a fast close, give us a call at 707-523-2099.  We look forward to letting you know what we can do for you.

Home Equity to the Rescue

May 19, 2020

Home Equity To The Rescue

Despite the staggering number of unemployment claims being filed, there are many reasons we will not be seeing a significant number of foreclosures like we did during the crash of the last decade.  The major reason is that the amount of equity homeowners have today, positions them to be in a much better place than they were in 2008.

Here in California, we understand the significant equity existing in our real estate, painting a picture that brightens significantly.

The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth.  The average equity that mortgaged homes have today is a significant amount of money which homeowners will not be walking away from, even in today’s economy.

Californian’s can see strength in our current market through homeowner equity that was not there in the past.  In fact, this equity may become the cushion some people need to get over the present hump.  By accessing their built-up equity, they can ease some of the pressure they may be experiencing.

But what if you need this money fast, or your credit has suffered in the past and you do not qualify for a conventional loan?  This is where Sun Pacific Mortgage can step up and help.  With a healthy amount of equity, we can provide a cash-out option to sustain you in the short term.  We are one of the few hard money lenders who have continued to offer owner-occupied loans.  Using your equity to get you these difficult times may provide you with fewer sleepless nights.

Give us a call at 707-523-2099 to see if we can provide you with a softer landing during these difficult times.

Unique Financing That’s Helpful Now

May 14, 2020

New Northbay Biz

Get Financing From Family Company – Ranked One of the Top 500

Despite current circumstances, we have successfully continued to lend to individuals who are in need of a home loan – to get fast cash-out from equity, to do repairs, money to buy a home, do debt consolidation, pay off balloon payments due, etc.

Our desire to assist those who need fast financing or have just missed qualifying for traditional “A-Paper” home loans, has prompted us to work closely with our myriad of investors and get a strong mortgage program that can be of help!

This unique “Alt-A Hard Money” program has benefited quite a few borrowers in need over these past few months, offering lower-than usual Hard Money rates:

– Borrowers with good credit (640+)
– Lower Loan To Value (55% LTV or lower)
– Nice property in good location

We are known for providing fast financing and our specialty has become this new “Alt-A Hard Money” program.  In business for more than three decades, we remain family owned & operated and have helped thousands of individuals with their real estate financial needs throughout California.

Email back or Call Us at 707-523-2099 if you would like to see if you qualify for this unique mortgage program. We’ll let you know quickly if we can be of help.

Best, Broker & Broker – The Guys in the White Hats

Investing Fears Allayed by Experts We Trust

May 5, 2020

Investing Fears Allayed By Experts We Trust

All investors are looking for certainty and guidance with the Covid-19 crisis upon us.  We want to know what the best course of action might be.  A passage from a letter to the Berkshire Hathaway shareholders written by Warren Buffet in 1986 could offer some inspiration now:

“[O]ccasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community.  The timing of these epidemics will be unpredictable.  And the market aberrations produced by them will be equally unpredictable, both as to duration and degree.

Therefore, we never try to anticipate the arrival or departure of either disease.  Our goal is more modest: We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.”

Even though the quote is 34 years old and we may balk at the term “greedy” (substitute “aggressive”) this sentiment has been repeated over and over again, in different contexts by Buffet.  Basically, he is saying, “Don’t follow the herd”! See the opportunities when others see only crisis.  If you are afraid, your competition is too.

Investing in real estate and trust deeds might seem to be the boldest and most exciting step you can take during this daunting time.  Done smartly, it could have huge payoffs for you and increase your wealth exponentially.

Sun Pacific Mortgage continues to have many healthy opportunities for your investment money.  Despite the crisis, we are receiving many calls for loans with smaller LTV’s and borrowers with strong repayment histories.  If you see the wisdom in Warren Buffet’s advice, give us a call at 707-523-2099 to discuss becoming one of our partners and advancing your family’s wealth during this otherwise difficult time.

Loan of the Week – Giving Faster Financing

April 30, 2020

All Here Avengers

Loan of the Week

We received a request from a Sonoma County Broker, who had a borrower with a note that had come due. Unfortunately, this borrower needed more time to repair her credit in order to qualify for conventional financing, so needed a short-term Hard Money loan.

She required $550,000 to satisfy her present lender and she needed it ASAP.

With a loan to value at 55%, we were able to finance her loan in just 12 days!  She now has 2 years to improve her FICO score and apply for a conventional loan.

If you find yourself needing a fast loan regardless of the amount, think Sun Pacific Mortgage and call us at 707-523-2099.

Recently Funded – Together We’ll Get It Done

April 23, 2020

Agents Of Shield With The Help Of More Of Our Friends, We Continue To Stay Busy, Providing Our Alternative Financing Services To Realtors, Brokers And Borrowers Alike.

Together We Will Get You A Loan!

With the help of more of our friends, we continue to stay busy, providing our alternative financing services to realtors, brokers and borrowers alike.

Call us today at 707-523-2099 with any questions or scenarios.  We’ll let you know what we can do for you and/or your clients!

Recently Funded By Us

Location:  Guerneville, Sonoma County
Finance Program:  Investment Property Refinance
Loan Size:  $375,000
Days to Close:  14
Reason Came to Us:  Needed fast capital to purchase another property.

Location:  No. Hollywood, Los Angeles County
Finance Program:  Investment Property Purchase
Loan Size:  $397,000
Days to Close:  14
Reason Came to Us:  Difficult to prove income as self-employed.

Location:  Oakland, Alameda County
Finance Program:  Investment Property Refinancing
Loan Size:  $1,200,000
Days to Close:  23
Reason Came to Us:  Property condition poor and needed cash for big remodel.

Location:  Rancho Santa Margarita, Orange County
Finance Program:  Primary Residence Temporary Refinance
Loan Size:  $460,000
Days to Close:  14
Reason Came to Us: Needed cash to make repairs to home before selling property.

Loan of the Week – Getting Them Done

April 16, 2020

April Guys With Superman Heros

Gathered More Friends…To Ensure You Get Your Loan!

Loan of the Week

Recently, a broker sent us a borrower who was looking to refinance a rental property.  He wanted to pull cash out of his equity to do some necessary debt consolidation. He wasn’t qualifying for conventional financing due to his credit and wanted to resolve this.

The property was in Los Angeles County and the loan he required was $532,000.  With an LTV of 64% we were able to find an interested investor and full complete the transaction in less than 3 weeks.

At Sun Pacific Mortgage we are known for our skillful resolution to lending issues, and we pride ourselves in helping to relieve stressful situations.

If you are looking for a resolution to a stressful real estate problem, want to consolidate debt or use equity in your home to pull cash out, give us a call at 707-523-2099!  We have helped thousands like you to find a comfortable way out of a seemingly impossible situation.

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