Home > Hard Money / Private Money

Second Quarter Real Estate Report for San Mateo County


In a recent overview of the real estate trends in San Mateo, a Pacific Union Blogger reported that more homes sold during the second quarter of 2017 than in the same quarter of 2016.  The increase in the number of homes sold was accompanied by a notable jump in the selling price for those between $2 million and $3 million.  This factor was largely due to the ongoing inventory shortage.  

Bidding wars caused homes to sell for an average of more than 10% above the original price, and 8 in 10 homes selling for above asking price. The combination of scant inventory and buyer demand pushed home prices higher than has been seen in recent quarters.

Through it all, San Mateo County buyers remain enthusiastic, and the hope is that the usual Fall resurgence in the real estate market will afford more opportunities for these buyers.  If the market’s history proves true, we should see a busy Fall season beginning September.

If you find yourself in a position where a conventional loan is not going to work for you in the coming months, give us a call at 707-523-2099.  We are known for our “not-normal” (Hard money) loans allowing borrowers to participate in the real estate market now, even if there are problem areas in your financial picture.

Sonoma County Real Estate Update


According to a recent article published by Pacific Union, Sonoma County’s 2nd Quarter real estate sales demonstrated a distinct divide between homes over $1 million and those under $1 million.  Homes priced between $1-3 million saw an increase in activity of almost 50%.  Homes listed under $1 million saw a noticeable decline in sales compared to the same quarter last year.  Sellers continue to hesitate when it comes to listing their homes in this price range, afraid they will not be able to find a suitable move-up home.

Because the demand for higher priced homes was very healthy, it helped create the perfect storm for bidding wars:  few homes available vs. many interested buyers.  

Since the end of the 2nd Quarter, Sonoma County has experienced the “summer slump”, but indicators are pointing to a more robust second half of the year.

If you are looking to get ahead in the real estate coming-boom, Sun Pacific Mortgage is here to help.  We offer “not-normal” loans for Borrowers who have difficulty getting approved for conventional financing or for Home Owners looking for a Bridge loan to buy another home before they sell their current house.  Give us a call at 707-523-2099.

Visit our Sonoma County website: http://www.sonomacountyhardmoneyloans.com/

Revitalize That “Dead Loan” With Our Not Normal Loan Programs


This year so far (January through July) we have closed 142 Hard Money Loans – 20+ loans per month.  Loans done so far total over 45 million.  These not-normal programs have much more forgiving qualifications than traditional financing.

Regularly we have Brokers and Lenders reaching out to us with a transaction they are hoping to have rescued.  They want an interim approval and funding while their client gets fully qualified to refinance with them.

We had a Lender contact us about a Borrower he could not get approved for a single-family investment property.  They qualified in all aspects but, unfortunately, they had another property which had incurred some late-payment penalties.

This is where we come in with our not-normal, hard money loans programs.   In 2 weeks, we had this scenario approved and funded!  Relieved Lender and happy Borrower.

If you are having difficulty getting a particular loan scenario approved, call us at 707-523-2099.

Your Superheroes Are Here!


Can’t get that loan done?

We can with our Hard Money programs!

“You are easy to work with and you get the job done.  I know early on IF you can do the deal or not and then not much changes to Closing. Together I KNOW that we are doing clients a great service from their thank you’s.”  Broker, John F.


Best, Ken & Forest – The Superhero Guys in the White Hats

California’s Hard Money Lender Since 1988.

Not Normal Loans Recently Funded By Us:


Local Cities Named as California’s Best Place to Live

1 2

In a recent study done by SmartAsset, 345 California cities were ranked the
best places to live with 5 of the top 10 spots going to the East Bay. Here
are the rankings:

No.1: San Ramon (Contra Costa County) – it is home to at least three
major corporate headquarters.

No.3: Dublin (Contra Costa County) – it is central to San Francisco,
Oakland, and San Jose.

No.5: Pleasanton tied for 5 th (Contra Costa County) – Safeway

No.9: Fremont (Alameda County) – close to Silicon Valley.

No.10: Hercules (Contra Costa County) – has the most affordable housing
of the top cities, with a median home value of $395,800.

All of these cities benefit by being in close proximity to San Francisco with
easy access to BART (Bay Area Rapid Transit).
Silicon Valley had 2 cities in the top 10:

No. 4: Foster City (San Mateo County) – Visa is headquartered here.

No. 7: Cupertino (San Mateo County) – Apple’s headquarters.

Some of the metrics used to determine ranking included: median monthly
housing cost, median home value, unemployment rate, and median
household income. This study used cities with at least a 20,000 population.

You can read the entire article at: https://smartasset.com/mortgage/the-
best-places- to-live- in-california

If you are looking for financing to make the move to one of these great
cities and need a fast loan or “not normal loan”, also known as hard money,
don’t hesitate to call us at 707-523- 2099 – we can help.

We Fund Large Loans!

1 1

Here at Sun Pacific Mortgage, we offer Hard Money financing for jumbo size loans and bigger, with qualifications that are more forgiving than traditional and conventional financing.

Hard Money loans are the answer for someone with irregular income, tarnished credit, needs fast cash or property not qualifying for regular financing.  These are not issues with us.

We have two main qualifications:

  1. At least 25% down payment or good existing equity and
  2. An ability to repay the loan.

Having been in business for almost 30 years now, we have seen it all, and we can usually make the seemingly impossible, possible.   Call Us today at 707-523-2099 and let get you’re your large loan funded!

How Much Do Utility Bills Add to Bay Area Homeownership Costs?


Last month a Pacific Union Blog ran an eye-opening article on what the cost of utility bills added to homeownership in the Bay Area.  Surprisingly, the Bay Area’s utilities impacted the cost of owning a home far less on a percentage-point basis compared with the rest of the U.S!

You’re probably saying, “That’s not my experience!”  Because this study is based on the percentage comparison of utility cost vs. home value, Bay Area home owners get off easy compared to the rest of the nation.    

A tool provided by ATTOM Data Solutions offers data on utility costs by city.  The chart shows the impact of utilities on housing costs in the 10 most populous Bay Area cities by percentage of homeownership costs and monthly payments:  


One way to offset the cost of some of your utility expense is by installing solar panels.  Besides significantly reducing your utility bills, homeowners net substantial returns on this investment.  For example, San Francisco and San Jose property values gained approximately an additional $10,000 for solar systems, and panels added more than $18,000 in Vallejo.

If you’re looking to increase the value of your home by “greening” your space or just looking to pay off expensive credit card debt and are having difficulty elsewhere for a loan, give us a call at Sun Pacific Mortgage.

Superhero Dynamic Duo Gets Loans Approved!


Lack of inventory has real estate a bit tight at the moment. However, with bridge loans and short-term loans, real estate activity can be increased and benefit those Home Owners who do want to sell and those Home Buyers who want to make stronger offers.

● This type of financing removes the stress of having to get into contract on a new home before one sells their current home.

● Purchase offers can be extra strong as the financing required to buy a new home is available, no longer requiring a contingency of one’s current house to be sold.

Let us help you, a client or someone you know with our hard money loans.  Call us today at 707-523-2099, we can fund fast!

Best, Forest & Ken – The Dynamic Duo a.k.a. The Guys in the White Hats

Some Of Our Funded Bridge and Temporary Loans:


Some Pitfalls to Avoid When Shopping For A Home

1 5

To the uninitiated home buyer, the process of becoming a homeowner can be daunting.  But don’t let these cautions deter you from embarking on one of the best financial investments you might ever make.  

Connect up to a local experienced Real Estate Agent and Lender to help you navigate snags that can cost you a purchase or trap you in a nightmare.  Keep in mind a few common sense recommendations:

  • Line up your financing BEFORE you head out to look for property. You might want a million dollar house, but in reality, you can only afford half of that house.  Spare yourself the disappointment and save yourself and your agent time and energy.
  • Choose a reputable mortgage lender.  Your real estate agent can help you with recommendations.   If you have credit issues, Sun Pacific Mortgage can help you with a Hard Money Loan.
  • Get pre-qualified, not pre-approved.  Pre-qualification gives you a written commitment for financing up to a given amount that is good for up to 120 days.  This will make your offer have greater weight when your agent presents it to the seller.  To make an even stronger offer, consider Hard Money as a financing option if your offer keeps getting turned down.
  • Don’t lowball your offer.  This only insults the seller and in a seller’s market, where we find ourselves presently, it can kill the deal.  Your agent will give you comparable data to justify a legitimate price.
  • If you or your agent feels writing a personal letter to accompany the offer is a good idea, stick to the facts about the house that appeal to you.  Don’t overshare.
  • While you are in escrow refrain from making any big purchases because this may cause you to lose your funding by negatively impacting your debt-to-income ratio.  This is less of a problem for Hard Money loans so if you do get turned down at the last minute by your Lender, always know that Sun Pacific Mortgage is here to help get you fast financing.
  • Remember there will be closing costs.  Buyers and seller typically share the cost of these, but buyers shoulder the bigger burden.  Be sure to budget for these fees that your lender will disclose to you.

And remember, just because you have bad credit, the property is not pristine or you want to buy another home while waiting to sell your current house, does not mean you cannot qualify for a loan.  Sun Pacific Mortgage has been in the business of handling these types of situations for almost 30 years and have many happy clients as a result.  Please call us at 707-523-2099 to begin your journey toward homeownership!

Bay Area’s Hottest Spots for Home Flippers

1 4

A recent study done by ATTOM Data Solutions states some zip codes in the Bay are ranked among the nation’s hottest housing market for flippers. In the first two quarters of 2017 Contra Costa County, Santa Clara County, and Solano County were the locations that yielded the highest ROI for flippers.  Even though the Bay Area is one of the more expensive places to live in the country, there were big returns to be realized by those engaged in flipping houses.

Some of the more affordable cities who made the list include San Pablo, Concord, Pittsburg, Antioch, and Oakley in Contra Costa County with as much as a 62.9% ROI in one instance.

In Solano County, one of California’s hottest housing market in the past four months, a Fairfield zip code saw an ROI of 55% or $126,000.  Flippers in Campbell and some San Jose zip codes saw an ROI of 48.6% which equaled a happy return of $450,000!

With these outstanding returns, it is no wonder that flipping is alive and well in the Bay Area.  

As a Realtor or Lender, if you have been unable to help a client obtain a loan for one of these projects, give us a call at 707-523-2099.  We are in our 30th year of doing hard money loans in California, and getting loans approved for dump properties is no problem!

Visit our California North Bay Hard Money loans website: http://www.northbayhardmoneyloans.com/

Posts navigation