Home > Hard Money / Private Money

Honest Hard Money

October 3, 2019

Honest Hard Money

A client or you just shy of qualifying for traditional financing?  Turned down elsewhere for a mortgage? We can help with our honest hard money loan programs!

– Backed by more than 30 years of trust!
– Fastest funding in just under 48 hours!
– New, one-of-a-kind Alt-A Hard Money Program with rates as low as 6%!*

Loan of the Week

A past borrower called us, wanting to pull cash out of his free and clear home in Mill Valley, Marin County.  He and his wife owned a business and needed some additional capital, as well as wanted to consolidate some credit card debts.  Due to their difficult to prove income, they were having issues with loan approval elsewhere. 

At 64% loan to value, we were able to get them their desired loan amount of $500,000 in less than 2 weeks. This primary residence cash out, business purpose loan was not a problem for us!

If you have any questions or scenarios you would like us to review, call 707-523-2099 or reply to this email.  We will quickly let you know what we can do for you. 

*APR for this rate based on a $200,000 first mortgage is 6.31%.

Are Bay Area Real Estate Statistics Fluctuating?

October 1, 2019

Have you been wondering what happened in the real estate market last month?  Below find some interesting facts regarding average sales prices for single family homes that might either surprise you or confirm your suspicions:

  • San Francisco: $1,840,343.  Down $126,907 from July
  • Menlo Park:  $2,744,629.  Up $159,895 from July
  • Foster City: $1,900,846.  Down $29,862 from July
  • Belmont:  $1,755,391. Down $29,784 from July
  • San Carlos: $2,223,333. Up $18,162 from July
  • San Mateo:  $1,738,810. Up $14,421 from July
  • Burlingame: $2,691,071. Up $27,759 from July

In general, the number of homes for sales fell, for example in San Francisco 509 homes sold in July 2019 and 406 sold in August 2019.  Likewise, the current inventory of active homes for sale fell slightly from 722 in July to 719 in August.

On the other hand, several agencies believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered selling your house, now may be the best time to put it on the market.  Below is a chart showing their predictions:

Are Bay Area Real Estate Statistics Fluctuating


Rest assured that there does not seem to be any big decline in real estate values soon according to these trusted prognosticators. 

Bottom Line:   Playing the waiting game may not be the best strategy if you are planning to sell or to buy in the near future.

If you need an alternative approach to mortgage financing, give Sun Pacific Mortgage a call at 707-523-2099.  We have a toolbox full of creative financing for those who do not quite qualify for a conventional loan.

Alt-A Hard Money Is Hot – No Bull!

September 26, 2019

Alt A Hard Money Is Hot No Bull 

Have a strong borrower who just misses qualifying for traditional “A-paper” financing? This is where our Alt-A Hard Money program can help with a loan turned down at the last moment!  

This new Alt-A Hard Money program is one-of-a-kind and is hot with other real estate agents, mortgage brokers, lenders and their borrowers & home buyers!  Offering lower rates between 6%-8%*. 

Main qualifications are: 

– 65% Max Loan To Value.
– Property in good location and condition.
– Good credit 640 or up. 

Hot Alt-A Hard Money Loans Recently Funded: 

Location:  Mill Valley, Marin County
Why Came To Us: Turned down by conventional lender at last minute.  
Scenario: Investor didn’t want to lose out on a good purchase so needed a fast cash offer to close the deal. 
Loan Size: $599,000 with 59% LTV
Days To Finish:  8

Location:  Santa Rosa, Sonoma County
Why Came To Us: Had IRS lien with difficult-to-prove income.
Scenario: Needed additional funds to complete remodel so she could then resell.
Loan Size: $882,500 with 61% LTV
Days To Finish: 17

Location:  San Juan Capistrano, Orange County
Why Came To Us: Self-employed with difficult to prove income.  
Scenario: Home Buyer had a sizeable down payment with good income, but unable to get loan approval elsewhere due to being self-employed just in the past year. 
Loan Size: $1,350,000 with 48% LTV
Days To Finish: 20

Location:  Sonoma, Sonoma County
Why Came To Us: Turned down by underwriting due to an issue with proof of income. 
Scenario: Escrow was due to close shortly but buyer now had no loan approval, so home buyer’s Agent reached out to us to rescue her buyer’s transaction.  
Loan Size: $800,000 with 57% LTV
Days To Finish:  11 

If you have any questions or scenarios for us to review, call 707-523-2099 or reply to this email.  We will let you know quickly what we can do for you!

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

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

WANTED: Your Alt-A Loans!

September 19, 2019

Wanted Promo Alt A

We have the perfect solution for a home buyer or borrower who miss qualifying for a home loan or refinance by just a slim margin, through another conventional lender. 

Solution is our unique Alt-A Hard Money program!

– 65% LTV or less

– Good credit (640 and up)

– Rates as low as 6%* interest only

– Property in good condition and nice location

Loan Of The Week

A Mortgage Broker reached out to us, hoping we could help his client with a rush investment purchase.  Due to timing issues, a quick Hard Money loan was the only solution. 

Within 48 hours we had full loan approval for an investment property purchase in Santa Rosa of $882,500 with a lower loan to value of 61%.  Loan funded fast!

We want your Alt-A loan scenarios. If you have any questions or scenarios for us to review, call 707-523-2099 or reply to this email.  We can let you know quickly what we can do for you!

 

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

Our New Loan Program Is Wrangling Up Fast Approvals!

September 12, 2019

Our New Loan Program Is Wrangling Up Fast Approvals!

Real estate loan turned down at the last minute?  Strong borrower but just don’t quite qualify for traditional “A-paper” financing? 

This is where our new Alt-A Hard Money program can help, with lower rates between 6 – 8%!   The main qualifications are: 

– 65% Loan To Value or less
– Property in good condition and in nice location     
– Good credit (640 and above)                                

Lower Rate Alt-A Hard Money Loans Recently Funded: 

Location:  Petaluma, Sonoma County
Why Came To Us: Has IRS lien and difficult-to-prove income
Scenario: Homeowner looking to pull cash out of free and clear house.
Loan Size: $350,000 with LTV at 29%.  
Days To Finish:  7 days!

Location:  Brokertfield, Marin County
Why Came To Us: Turned down by their bank at last minute.  
Scenario: Needed additional funds to complete remodel and planned to then sell.  
Loan Size: $680,000 with LTV under 50%.  
Days To Finish:  7 days!

Location:  Mill Valley, Marin County
Why Came To Us: Buyer was an LLC; Other Lender unable to perform. 
Scenario: Borrower was perfect, with great income and credit. Lost time due to unnecessary confusions with underwriting. Didn’t want to miss out on his business investment so required fast financing. 
Loan Size: $599,000 and LTV 59%
Days To Finish: 4 days!

Location:  Santa Rosa, Sonoma County
Why Came To Us: Was turned down at the last minute by underwriting, due to an issue with proof of income. 
Scenario: Escrow was closing in 3 days so Real Estate Agent reached out for fast financing for home buyer. 
Loan Size: $946,870 and a low 35% LTV.  
Days To Finish:  3 days!

If you have any questions or scenarios for us to review, call 707-523-2099.  We will let you know quickly what we can do for you!

7 Useful Things You Might Not Know About

September 10, 2019

7 Useful Things You Might Not Know About

  1. Arrow by your gas gauge:  Next to the gas gauge of nearly every car that’s been manufactured since 2010, there is an arrow that either points to the left or the right. A lot of people might never have noticed it, but it identifies the side of the car where you will find your gas tank.  This is especially helpful when you drive a rental car!

  2. Holes in pot handles: There is a very practical reason for the hole at the end of the handle.  If you have a stirring spoon, you don’t just want to leave it in the pot or set it on the counter. But with the hole at the end of the handle, you can slide the utensil in it so the spoon just sits up and drips back into the pot. Try it out next time you want to impress people with your cooking skills.

  3. Black Grating in Microwave Window:  This is called a Faraday shield, and it’s not an aesthetic choice, it’s super important. The Faraday shield is in place to prevent electromagnetic fields from leaving the microwave and causing harm to people who are waiting for their hot pocket to heat up. Without it, not only would your safety be at risk, but your food wouldn’t cook effectively.

  4. Keyboard Bumps:  If you look at a computer keyboard, any keyboard, you’ll notice two little bumps on both the F and J keys. If you ever took a class in high school on how to type, you probably know why those bumps exist on those keys. For the rest of you, those bumps are there so users can find their way on the keyboard while keeping their eyes on the screen. If you are correctly typing with two hands, your hands will be set up so that your left pointer finger is on F and your right pointer finger is on J.

  5. The Hole in the Cap of a Ballpoint Pen:  This is done on purpose, not to dry out the ink faster so you will be forced to buy a new one, but for safety reasons. These holes are there so that air can flow through in the event the cap is swallowed accidentally by a child or adult.  Remember, a lot of adults have the bad habit of putting pen caps in their mouth and it only takes one big breath in, to bring the cap to the back of one’s throat.

  6. Detachable Headrests in Cars:  You may have noticed that your headrest can completely come out of the seat, and no, it is not a flaw in the design.  It is meant to be used in an emergency. If you’re trapped in your car, you can pull out the headrest and use the long metal bars to break the window so you can get out. Another potential life-saving tip!

  7. Alt-A Hard Money Loans: For Borrowers who just miss qualifying for those “A-paper” conventional real estate loans, there’s a brand-new alternative financing program for them!  Only one of its kind – Sun Pacific Mortgage & Real Estate offers low Hard Money rates just for this California program. Check out the website at www.Sunpacificmortgage.com or call 707-523-2099 for more information. 

 

Hope you found this interesting and useful – I know I did when writing it! 

Breaking News: New Loan Program!

September 6, 2019

Breaking News: New Loan Program

For anyone who is just shy of qualifying for conventional “A-paper” real estate loans, our unique Alt-A Hard Money program is here!  Below are the key qualifications:

– Good credit (640 and up)
– Lower rates from 6% – 8%!
– Property in good condition, in nice location
– Loan To Value 65% or under

Our Latest Alt-A Loan Of The Week:

Homeowner looking to pull $350,000 out of a property in Sonoma County, which she owned free & clear.  Very good FICO score, nice location and property in good condition but Owner had an IRS lien and difficult-to-prove-income situation so was unable to get financing elsewhere. 

With just 29% LTV, we had her loan approved and funded within just 1 week and for less than 7% interest only Hard Money rate!

 

If you have any questions or scenarios for us to review, call 707-523-2099.  We will let you know quickly what we can do for you!

Recently Funded – Most Popular: Alt-A Loan!

August 29, 2019

Most Popular: Alt-A Loan!

Any Home Buyer or Borrower who just misses qualifying for regular “A-paper” financing, this one-of-a-kind Hard Money loan program is for them:

– Lower rates from 6% – 8%!
– Good credit (640 and up)
– Loan To Value 64% or less
– Property in good condition & location

Recently Funded – Greatly Benefiting From This New Program: 

Location:  Santa Rosa, Sonoma County
Why Came To Us: Loan disapproved due to last-minute issue with proof of income.
Scenario: Realtor called us on day 27 of 30-day close of Escrow for a fast loan.
Loan Size: $946,870 and a low 35% LTV.  
Days To Finish:  3 days!

Location:  Mill Valley, Marin County
Why Came To Us: Buying as an LLC which confused Lender so couldn’t perform in timely fashion. 
Scenario: Perfect Borrower with great credit & income. Waited too long due to unnecessary confusions with underwriting and was about to miss out on a business investment. Needed fast loan to save the transaction. 
Loan Size: $599,000 and LTV 59%
Days To Finish: 4 days!

Location:  Brokertfield, Marin County
Why Came To Us: Turned down by her bank at last minute.  
Scenario: Needed to complete renovations to then sell house. 
Loan Size: $680,000 with LTV just under 50%.  
Days To Finish:  7 days!

If you have any questions or scenarios for us, just call 707-523-2099.  We will let you know quickly what we can do for you!

We’ve Wrangled You Up  A New Loan Program! 

August 22, 2019

We’ve Wrangled You Up A New Loan Program

Alt-A Hard Money By The Guys in the White Hats 

Low hard money rates from 6% – 8% with this unique alternative finance program! For Borrowers and Buyers who are just shy of qualifying for conventional or traditional “A paper” underwriting:

– Good credit (640 and above)

– 64% or less Loan To Value

– Property in good condition and location

Perfect example of why this new program is so beneficial: 

Realtor calls with a rush request from her Buyer:  He needed a $599,000 short term loan to buy an investment property in Mill Valley.  His current lending institution was confused by his company being the Buyer so was not performing. 

His credit was over 750, he had a good down payment allowing for 59% LTV, he made great monthly income and had a lot of other real estate assets as well as excess funds in the bank. He was a perfect borrower…except he had to wait too long due to unnecessary confusions from his lender, so now he needed fast performance.  

This is where we stepped in and quickly wrangled him up our Alt-A Hard Money Loan program with a 6% rate!

If you have any question or scenario for us, just call 707-523-2099.  We will let you know quickly what we can do for you. 

Breaking News! Alt-A Hard Money By The Guys in the White Hats 

August 15, 2019

By The Guys In The White Hats

Our breaking news brings you a brand-new release:  Low hard money rates from 6% – 8% with our one of a kind, Alt-A Hard Money Program!

This is for those borrowers who are just shy of qualifying for “A” paper underwriting.  The qualifications include: 

– Borrowers with good credit of at least 640.

– Max 64% Loan To Value.

– Nice location and good property.

Below Are Two Such Scenarios Recently Funded:

Location:  Brokertfield, Marin County
Why Came To Us: Turned down by her bank at last minute.  
Scenario: Needed to complete renovations to then sell house. 
Loan Size: $680,000 with LTV just under 50%.  
Days To Finish:  7 days!

Location:  Santa Rosa, Sonoma County
Why Came To Us: Loan disapproved due to last-minute issue with proof of income.
Scenario: Relator called us on day 27 of 30-day close of Escrow for a fast loan.
Loan Size: $946,870 LTV 35%.  
Days To Finish:  3 days!

If you have a scenario that could use the help of Hard Money programs, call us at 707-523-2099!

Posts navigation

1 … 20 21 22 23 24 25 26 27 28 29 30 … 50