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Get Your Loan This Holiday…

…From The Guys in the White Hats & Ugly Holiday Sweaters!


To get a better idea how we can help you get a loan this Holiday season, read the below various scenarios we have funded through our office.

Loan approval is primarily based on just two things:

1. Equity in existing property or a decent down payment for a purchase.
2. Ability to repay.

We have loaned up to 75% of the value of the property and we finance Jumbo Loans commonly.

Call us today at (707) 523-2099 or drop us an email with any questions or scenarios. We’d love to help make your Holidays brighter!

Recently Funded:

Elk Grove, California (Sacramento County)
Loan Program: Non-Owner Refinance
Loan Amount: $253,400
Days To Fund: 23 days
Why Turned Down Elsewhere: Property condition was poor.

Napa, California (Napa County)
Loan Program: Owner Occupied Bridge
Loan Amount: $750,000
Days To Fund: 19 days
Why Turned Down Elsewhere: Needed a fast, short term loan.

Sebastopol, California (Sonoma County)
Loan Program: Non-Owner 2nd
Loan Amount: $277,000
Days To Fund: 9 days
Why Turned Down Elsewhere: FICO score not good enough.

Palo Alto, California (Santa Clara County)
Loan Program: Owner Occupied 2nd Temp
Loan Amount: $300,000
Days To Fund: 20 days
Why Turned Down Elsewhere: Had a foreclosure on record.

Santa Rosa, California (Sonoma County)
Loan Program: Commercial Purchase
Loan Amount: $1,100,000
Days To Fund: 14 days
Why Turned Down Elsewhere: Difficult to prove income.

The Holidays Are Here…5 Reasons To Buy AND Sell Real Estate Now.


With the Holiday rapidly approaching, home buyers and sellers tend to decide to take a break.  This is the exact wrong time to stop house hunting or house selling!

For home buyers looking to buy their first home or move up home, house prices are projected to increase. If you wait, you will end up paying more for your home, meaning higher monthly mortgage payments.

For all the homeowners who have been unable to sell over the last few years due to negative equity situation, there has been a return of positive equity in real estate, with values increasing over the past two years.  Many of these homeowners will be coming to the market soon and you don’t want wait for all this inventory of homes to come on the market before you sell.

An article from The KCM Crew, Winter Is Coming…5 Reasons to Sell Now, details 5 specific reasons why the Holiday is a good time to sell a house or buy a home:

1. Demand Is Strong

2. There Is Less Competition Now

3. The Process Will Be Quicker

4. There Will Never Be a Better Time to Move Up

5. It’s Time to Move On with Your Life

Another article, this one from Pacific Union Bay Area Real Estate Blog, Bay Area Homes Are Selling Faster Than Anywhere Else, mentions why now is not the time to slow down:

“The Bay Area’s well-documented inventory crunch is ensuring that serious homebuyers waste little time making deals this fall, with the San Francisco and San Jose metro area housing markets moving at the fastest pace in the nation…Bay Area homes are selling more than twice as fast as they do nationwide — 35 days in San Francisco and 37 days in San Jose. And in certain local submarkets, the pace of sales is even quicker. MLS data from Pacific Union’s October Real Estate Report shows that single-family homes in our East Bay region sold in an average of 17 days.”

Any desire to live in the Bay Area must be met with fast action before the real estate is snatched up!  If you are having difficulty with loan approval, don’t hesitate to reach our to us at Sun Pacific Mortgage and Real Estate.  We are family owned and operated and have been California’s Hard Money Lender Since 1988.

We would be happy to help get you a new home for the Holidays!



Read full article here:

Pacific Union: http://blog.pacificunion.com/real-estate-roundup-bay-area-homes-are-selling-faster-than-anywhere-else/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+pacunionblog+%28Pacific+Union+Blog%29

The KCM Crew: http://www.keepingcurrentmatters.com/2016/11/21/winter-is-coming-5-reasons-to-sell-now/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost


What is a Hard Money Loan?

Hard Money loan qualifications are more forgiving than conventional or bank financing and the two basic qualifications are:

#1. Decent existing real estate equity or at least a 25% down payment if a purchase and
#2. An ability to repay the loan.

You could get up to 70-75% of the value of the property. If in Sonoma County, you could get up to 80%. Hard money loans are based largely on equity from real estate assets.

Basically considered all cash, such loans are extra strong and can be used to purchase or refinance fixer properties, bad credit borrowers, irregular income borrowers, large cash-out borrower, someone needing fast cash, short term Bridge loans, etc.

Owners still need to refinance their homes to make home improvements, buy a 2nd home or investment property and Buyers still want to buy even with tarnished profiles. Hard Money is the only option out there if they have been turned down by their favorite bank or mortgage broker or local Lender.

Many people have credit card rates that are 15% to 32% and Hard Money rates average 9% to12% with interest only payments. It will likely cost a bit more than a 30 year fixed rate loan and the rates are higher but it can get you the money you need you have been turned down elsewhere for a refinance or home loan.

We invite you to call us at 707-523-2099 and see how Hard Money will work for your situation. Having worked with many types of loan scenarios since 1988, we are quite experienced, we are honest, fast and our rates are pretty good!

What Are The Differences Between A Traditional Loan And A Hard Money Loan?



If you have ever applied for a mortgage with a bank, you know it can be a long and sometimes difficult loan process. It seems traditional lenders want an inordinate amount of information from you.

General loan requirements include your loan applications, minimum credit scores, bank statements, income verifications, borrower and property financials, etc., etc. etc.

Once you think you have satisfied all of the bank’s requests, they come up with a new one as well as additional conditions for approval!  Even if you meet all of the traditional lender’s strict lending requirements, the process can still feel exhausting.

In contrast, when you apply for a real estate loan with a hard money lender, the loan process is overall more streamlined and efficient.  Hard money loans require less paperwork and third party reports. This is a welcome change for those who don’t want to be burdened with a lengthy loan process or don’t have the credit scores or lengthy financial records to qualify for a traditional loan.  Such loans are ideal for borrowers who don’t qualify for a mortgage under traditional lender requirements or for those properties requiring some fixing as they don’t qualify for a bank loan.

General hard money borrowing requirements are considerably looser than conventional financing.  As the risk is greater for the private investor, rates are generally higher and the borrower is required to come in with 20-30% equity or down payment if a purchase.

Here at Sun Pacific Mortgage we have 2 main loan qualifications:

#1. Decent equity for a refinance or at least 25% down payment on a purchase and  

#2. An ability to repay the loan.  

If you are thinking of refinancing or purchasing property and are having difficulty at a bank or other Lending institution, then give us a call at 707-523-2099!

Is A Private Money Loan Considered Cash?



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


By Ken Walker, 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.

Be Prepared For Seasonal Changes In The Market!


Our loan preapproval process is based primarily on 2 things:

  1. Loan to value and
  2. Ability to repay (far more flexible than conventional underwriting)


We loan up to 75% of the value of the property and in some instances as high as 80%.  We do Jumbo Loans commonly.

Below are some recently funded loans for a better idea of how we can help you or a friend. Call us today at (707) 523-2099 or drop us an email with any questions or scenarios!

Recently Funded:

Santa Rosa, California (Sonoma County)
Loan Program: Owner Occupied Purchase Bridge
Loan Amount: $261,000
Days To Fund: 14 days
Why Turned Down Elsewhere: Difficult to prove income

Oakland, California (Alameda County)
Loan Program: Non-Owner Refinance
Loan Amount: $805,000
Days To Fund: 19 days
Why Turned Down Elsewhere: Owned many investment properties

Sebastopol, California (Sonoma County)
Loan Program: Owner Occupied Refinance
Loan Amount: $555,000
Days To Fund: 25 days
Why Turned Down Elsewhere: Property a fixer

Novato, California (Marin County)
Loan Program: Investment Property Purchase
Loan Amount: $420,000
Days To Fund: 15 days
Why Turned Down Elsewhere: Had a Bankruptcy

Napa, California (Napa County)
Loan Program: Owner Occupied Business Purpos
Loan Amount: $215,000
Days To Fund: 6 days
Why Turned Down Elsewhere: Couldn’t get financing for a new home while having an existing mortgage on old home.

Garberville, California (Humboldt County)
Loan Program: Commercial Property Purchase
Loan Amount: $415,000
Days To Fund: 29 days
Why Turned Down Elsewhere: FICO score had issues

What Credit Score Is Needed To Buy A Home?

Many potential home buyers believe that they need a score over 780 to qualify.  In today’s world, this is no longer true.

One of the more common misconceptions keeping potential home buyers from beginning their search has been the fear that their credit score is too low.

According to a recent study by The Wharton School of Business, the good news is that over 50% of all approved loans had a FICO Score under 750.

Taken from a recent KCM blog post (full article link below), this depicts nicely what the real scoop is:

Below is a breakdown of the FICO Score Distribution of all closed (approved) loans in August from Ellie Mae’s latest Origination Report.


The chart above illustrates the point that low credit scores are not a reason to avoid seeking a mortgage.  More than half of all loans in August were awarded to individuals with credit scores as low as 600.

At Sun Pacific Mortgage we welcome not only low credit scores, but bankruptcies, imperfect properties, difficult-to-prove income and a host of other issues that the conventional lender won’t consider.  We finance jumbo loans, bridge and short term loans, owner occupied purchases and refinances, investment purchases, commercial and land.

Call today with any questions or scenarios and we’d be happy to help!

(707) 523-2099


Original Keeping Current Matters blog link:  http://www.keepingcurrentmatters.com/2016/10/17/dont-disqualify-yourself-over-half-of-all-loans-approved-have-a-fico-score-under-750/

Hate Turning a Borrower Down?


We get loans brokered or referred to us by mortgage professionals who had to tell the borrower “no” for whatever reason. Most that call us need quick action and approval – because they are running out of time. You actually do want to help – and have had underwriting fail you.

Sun Pacific Mortgage is uniquely qualified in that our underwriting is based on 2 things – loan to value and ability to repay. Even our “ability to repay” is far more flexible than conventional underwriting.

We loan up to 75% of the value of the property and in some instances as high as 80%. We do Jumbo Loans commonly

Call us today at (707) 523-2099.

Scary Loan Rescued for a Local Real Estate Agent’s Home Buyer



Scary Loan Rescued for a Local Real Estate Agent’s Home Buyer

A local Sonoma County realtor referred his Home Buyer to me after being  reminded about our Hard Money program by another busy Agent. I immediately called the Buyers and got them preapproved.

Because the Buyers were combining households, their debt did not qualify them for a 30 year jumbo fixed rate bank loan. They had found a dream home in Sebastopol they had to have and they were able to come up with a decent down payment.  Unfortunately due to debt, they could not qualify for a conventional loan.  This is where we came in!

Sun Pacific Mortgage was able to fund this home loan of $555,000 for 12 months and close this on time.

Their real estate agent was very pleased because it happened so quickly and smoothly and, of course, the Buyers were equally excited to accomplish the purchase of their dream property in Sebastopol!

If you are looking for a loan in areas such as Santa Rosa, Napa, San Jose, San Francisco, Sonoma County, Rohnert Park, or anywhere in Northern California or Southern California, give us a call to learn more about how our Hard Money programs can help you! (707) 523-2099

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