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Good News For Real Estate Investing

July 7, 2017

1 As A Real Estate Investor You Are Naturally Concerned With The Appreciation Of Your Property.  Well, Here’s Some Good News:  The Bay Area Saw An Average Of 8 Percent Annual Home Price Appreciation From January Through April Of 2017.  This Information Comes From Selma Hepp, Pacific Union’s Chief Economist.  

As a real estate Investor you are naturally concerned with the appreciation of your property.  Well, here’s some good news:  the Bay Area saw an average of 8 percent annual home price appreciation from January through April of 2017.  This information comes from Selma Hepp, Pacific Union’s Chief Economist.  

Below is a summary of the 10 Bay Area ZIP codes that experienced the largest housing price gains and losses as of April.

This information presents an attractive incentive to look at real estate trust deed investments as a viable option for wealth growth.

We offer such trust deeds for California real estate investing.   Here is some further information from our website directly as to how we operate and how you can earn 10-13% return on your investment:  https://www.sunpacificmortgage.com//hard-money-investor-tutorial/

Call us at 707-523-2099 with any questions or to sign up and become an Investor with us.

Skillful Summer Success

June 28, 2017

Surfingken A Realtor Called Me Regarding A Home Loan That Her Client Was Having Difficulty Getting Approved. The Buyer Wanted To Purchase A New Home In Orange County And Needed A Jumbo Loan Of $875K.  Partially Using Equity From His Existing House, He Was Coming In With 50% Of The Purchase Price, Made Good Income And Had Good Credit.  The Property Was Under Construction And, Therefore, Did Not Qualify For Other Loan Programs.

Owner Occupied Bridge/Temporary Loan
San Juan Capistrano, California

A Realtor called me regarding a home loan that her client was having difficulty getting approved. The buyer wanted to purchase a new home in Orange County and needed a jumbo loan of $875K.  Partially using equity from his existing house, he was coming in with 50% of the purchase price, made good income and had good credit.  The property was under construction and, therefore, did not qualify for other loan programs.

This is where I came in with our Hard Money lending.  This type of loan is not a disqualification or a turn-off for any of our private investors.  The home buyer intended to complete the construction and would refinance once it qualified for traditional financing.

With such a positive loan to value and the Borrower’s other great qualifications, I had this loan approved and funded in no time.  Both the Realtor and buyer were extremely happy when this transaction closed in under 3 weeks!

If you or someone you know is having difficulty with loan approval for a purchase or even a refinance, call me at 707-523-2099.  I would be more than happy to let you know how we can help with a Hard Money loan.

Increase The Value Of Your Home

June 14, 2017

Bird In A Recent Article Published By The Pacific Union, There Are Some Interesting Statistics On The Home Remodeling Dollars Being Spent In The Bay Area. It Appears That It Is At An All-Time High.

In a recent article published by The Pacific Union, there are some interesting statistics on the home remodeling dollars being spent in the Bay Area. It appears that it is at an all-time high.

With housing inventory in shorter supply, many homeowners are opting to improve their present homes instead of risking selling and not finding a suitable replacement. That’s where Sun Pacific Mortgage can come to the rescue!

We offer hard money loans to borrowers who are having difficulty getting a loan elsewhere. Sometimes it is because they have less than perfect credit scores, or it might be that they are unable to prove their income. These situations can make conventional loans impossible. If you are looking to upgrade your home by doing some major renovations, give us a call to explore your options.

We have been a family owned and operated business in Sonoma County for 29 years with many loyal clients and investors. Let us help you make your nest more comfortable by utilizing equity you have in your home.

Best, Broker – Another Guy in the White Hat

Broker and Buyer Loan Rescued

June 7, 2017

1 Corona, California Purchase

Corona, California Purchase

Recently a Broker from Riverside County contacted me to help rescue a frantic client, who was trying to buy a rental property.  This particular Home Buyer was having difficulty getting approval elsewhere despite making excellent monthly income and having good credit (over 700 FICO). The problem was he was self-employed with difficult to prove income.

This was not a problem for my Hard Money loan programs. The loan amount needed was $749K for 2 years with a loan to value at 75%. The transaction was a Non-Owner Occupied loan for a single-family residence that the Buyer wanted to turn into a rental for additional monthly income.

I got right onto it, found one of our Private Investors who could fund the purchase, and in less than 2 weeks we had a satisfied referring Broker with a relieved and happy Buyer!

If you or someone you know is having difficulty with loan approval for a purchase or even a refinance, call me at 707-523-2099.  I would be more than happy to let you know how I can help with a Hard Money loan.

Are You Ready To Spring Into Some Real Estate Action?

May 1, 2017

Re We Have All Noted And Experienced The Tightness Of The Real Estate Market Over The Past Several Months.  But Just As A Tightly Wound Spring Can Leap Forward At Any Moment, The Real Estate Market Is Preparing To Take Such A Leap.  I’m Sure We All Want To Be Ready For The Opportunities That Lie Ahead.  

We have all noted and experienced the tightness of the real estate market over the past several months.  But just as a tightly wound spring can leap forward at any moment, the real estate market is preparing to take such a leap.  I’m sure we all want to be ready for the opportunities that lie ahead.  

One of the available options that allow us to pounce on any real estate prospect that pops up is a Hard Money Loan.  Because these loans can be wrapped up in as little as 2 weeks and are often considered as “cash offers”, Hard Money loans offer the flexibility and speed that is needed in a swiftly moving market.  

Sun Pacific Mortgage & Real Estate has been in the business of Hard Money Loans in California for more than 29 years.  We have a proven record of supporting and executing transactions that looked doomed, needed some fast financing or just wanted the purchase offer to be stronger.

Give us at 707-523-2099 call to find out how we can help you or someone you know!

Super-Fast Loan Done For Broker

January 30, 2017

Superbowl Promo Property Refinance In Santa Clara, California

Property Refinance in Santa Clara, California

I work with many loan Brokers and Realtors.  One of my Broker buddies called with a transaction he needed to get done for a borrower on a rental property refinance. The clients needed a $770,000 first mortgage at 10% interest only for 2 years – and it was needed quick as they had to close escrow on a new purchase of a multifamily property.

This Broker is a true professional.  He already spoke with the clients and had all of the documentation he knew was required for loan approval, which he then sent me.

The phone call to me on January 3rd and by January 22 all transactions were completed – the refinance and the new multifamily purchase. Touchdown!

Hard Money loans are like magic.  They have speed and flexibility.  In this type of market, with multiple offers, borrowers can benefit from hard money as it fulfills a tremendous purpose in real estate buying these days.

Making Loan Wishes Come True for the Holidays!

December 16, 2016

1 1 Property Refinance In Berkeley, California

Hard Money Loan of the Month
By Broker, Lead Loan Originator

Property Refinance in Berkeley, California

I received a call from a borrower whose parents had recently passed away, he had their reverse mortgage and was given just a few months to pay this off or lose the house.  Needless to say, this was a stressful time for the borrower.

Due to credit issues after many medical expenses the borrower did not qualify for a conventional loan.  This is when they called me, referred by one of their friends who had gotten a loan from me earlier in the year.

By this time, there was only a couple of weeks before the house was going to be foreclosed on.   But no sweat, within 2 weeks we had all items needed for their loan, approved, funded and closed!

Loan amount needed was $600,000 which was about a 70% loan to value for an owner occupied Hard Money loan. They were able to pay off the reverse mortgage, all of their incurred medical debts and all recent debts that had negatively impacted their credit.  All financial stress was gone and the borrower was able to save their childhood home!

We specialize in loans that have been turned down elsewhere due to credit issues, difficult to prove income, property condition, etc., and one of our favorite mottos is “If we say it can be done, we’ll get it done!”

Call our office at 707-523-2099 if you need some creative financing help for your real estate purchase or refinance.  We would be happy to help!

Is A Private Money Loan Considered Cash?

November 15, 2016

 

Sold-Cash-Key

A private money loan is basically considered a cash sale by the Seller, making the possibilities of closing the deal more certain.  The offer is still considered a loan, but it comes with several benefits that both parties will appreciate:

1. No loan contingencies, since the borrower and property have been fully vetted before you write the offer.

2. No appraisal contingencies.  Although the borrower can order one, the offer is not dependent on the outcome, since most private money loans require a sizable down payment.

3. Quick closing.  Private money loans have been known to close in a much shorter period of time than traditional lenders and banks.  It is reasonable to close in 10-15 days as opposed to a month or longer.

4. Property condition is not as great a concern.  Less than pristine properties are easier to purchase with private money since this type of loan is considered “all cash” and is based against equity or loan to value.

Private money, also known as hard money loans, can be a viable option in the real estate financial world and are of considerable interest to Borrowers, Sellers and Investors today.

If you or someone you know is interested in getting such a loan or have further questions, call me at 707-523-2099 and I’d be happy to help!

Hard Money Loan of the Month – November

November 7, 2016

Broker-Touchdown

By Broker, Lead Loan Originator

Just the other week a couple called needing a loan to buy their houses out of a Family Trust.  There were family disputes occurring and this needed to occur fast otherwise they would be forced to sell the houses.

They were unable to get a conventional loan due to unpaid tax liens against their businesses and difficult to prove income due to being self employed.

The loan amount needed was $475,000 against two separate properties in Sebastopol, California.

Within five days all needed items were received and we had loan approval!  As this was a low loan-to-value (40%) we were able to get this approved with an interest rate of only 8% (hard money averages 9-12% interest).

We specialize in loans that have been turned down elsewhere and one of our favorite mottos is “If we say it can be done, we’ll get it done!”

Call our office at 707-523-2099 if you need some creative financing help for your real estate purchase or refinance.

Deal of the Month, We Cannot Lie

August 22, 2016

LomHard Money Loan of the Month
By Broker, Lead Loan Originator

Investment Property Purchase in Sea Ranch, California

Two weeks ago a borrower called needing a loan to buy a new Rental Property in Sea Ranch, California as part of a 1031 exchange.  Her current Lender was unable to perform with the speed that was needed to satisfy the 1031 exchange and the Seller’s needs.

The purchase price was $1,100,000 and she needed a loan amount of $745,000, making a loan-to-value of 67.7%.

This borrower called at 4:30pm on Thursday.  We got right to it and that same night got the loan approved with an interest rate of 8% for 5 years! The property was cross collateralized to another property she owns, giving a lower the loan to value, thus the better rate.

On Friday the loan was funded and Monday morning the loan recorded with the borrower’s keys in hand!

One of our favorite mottos is, “If we say it can be done, we’ll get it done!”  And another is, “We fund big loans, we cannot lie!”

Call our office at 707-523-2099 if you need some creative financing help for your real estate purchase or refinance.

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