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Job Growth, Home Sales Will Continue Expanding in 2014 and Beyond

As Hard Money Broker and business owner this good article to share, mostly highlighting the last bullet points:


Looking ahead, the latest Burns report predicts:

§U.S. home prices will rise another 15 percent  from 2014 through 2017.

§Home prices will reach “normal affordability levels” in 2015 and then become unaffordable.

§Interest rates on 30-year, fixed-rate home loans will reach 4.5 percent in 2014, 5 percent in 2015, 5.5 percent in 2016, and 6 percent in 2017.


Read the rest here: http://blog.pacunion.com/job-growth-home-sales-expand-2014-beyond/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+pacunionblog+%28Pacific+Union+Blog%29

Hard Money Loans versus Government Loans

The KCM article caught my attention and this specific excerpt explains why:



The Curious Case of the Jumbo Mortgage

By Miranda Marquit, financial writer for RateZip.com on October 16, 2013 in Interest Rates



“Private vs. Government Funding

As we move further from the financial crisis, it makes sense to start asking if and when the mortgage industry will return to a world where private money plays a greater role and government institutions such as Fannie, Freddie, and the Federal Housing Administration (FHA) play a smaller one. Recently, our representatives in Washingtonhave begun to discuss plans to dissolve Fannie and Freddie and bring private money back into the game, and that’s a good start. In the past few months, we’ve also seen a few encouraging trends in the jumbo mortgage market that could point toward a mortgage industry less reliant on government guarantees.”



Private Money or Hard Money has been around for many years and has remained stable throughout….even now having rates improve to lower than I’ve ever seen.


I’ve dealt with every type of loan program since starting Sun Pacific Mortgage and Real Estate with my wife in 1998.  I now only do hard money/private money loans but still keep abreast of the other loan programs, especially those which I know home buyers could potentially qualify for, so I can refer them to the right program and local Lender.


However, I do hark back to those early days when conventional loan rates were between 11-14% and over the past 25 years these rates have fluctuated.  Hard money rates haven’t wavered, except now to go lower than I’ve seen since I started in this business.


So, just know that my hard money/private money loans remain reliable and I stand by, ready to assist you!


Best, Forest

Owner/Hard Money Broker – The Guy in the White Hat

Forest Tardibuono is Co-Owner and CA BRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate – Your Northern CA Hard Money Lender since 1988.  www.sunpacmortgage.comBRE license #01464899/NMLS #360993


Hard Money Math – Simple Loan When Said Right


By Broker, Forest Tardibuono

Hard Money Math

The lending choices for Buyers in this market have been simplified.  There are “A” paper lenders for Buyers who have really great credit, verifiable income and verifiable cash to close the transaction.  Next are Hard Money lenders, who require a good down payment and an ability to repay the loan.

There is really nothing in between.  So it really compels real estate brokers and agents as well as Buyers to become familiar with what Hard Money is all about.

Hard Money is very simple mathematically.

Here is an example assuming a purchase price of $200,000.

The “good down payment” mentioned above would be a minimum of 30%.  There are occasions where 25% will work but for this example we will use 30% as a down payment.  On a $200,000 purchase price that would be $60,000.

That would leave you with a loan amount of $140,000.  For a Hard Money loan payment you need to multiply the interest rate offered for your profile as a Buyer, times the loan amount to get how much interest you will pay per year.  Then divide it by 12 months to get the monthly payment.  For this example, here is what it would look like with a *10.50% interest only loan for $140,000.  That’s $140,000 X 10.50% = $14,700.  Divide this by 12.  $14,700 ÷ 12 months = $1,225 per month.

Please note that the 10.50% rate mentioned above applies in my office and can be higher or lower depending on the down payment, loan size, property, property location, occupancy type, etc.

Hard Money is here to stay and is a vital tool for the busy realtor and for Buyers who have tried the “A” paper route and been turned down.  2/3 of the loans I do are for purchases. The Buyers are so grateful too, as they thought they had no chance for home ownership.

I invite you to call your local Hard Money Broker and really get the further scoop on what Hard Money is all about.   It is the only loan program I now offer.  After 25 years of doing this, I know of which I speak.



Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending. His phone number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Why RE Brokers Are Still Alive and Kicking

Getting back to the office after this morning’s great Santa Rosa Chapter of Realtors Marketing Meeting, I came across the below Pacific Union’s article from a few months ago called “Why Real Estate Brokers Are Alive and Kicking”, and it rings so true:


“So, why haven’t the Zillows and Redfins of the world killed off real estate brokers? Because they can’t replace what makes our professionals essential to the transaction: the market mastery, the in-the-trenches experience, the advice and recommendations that take decades to develop.


“They can’t match the combination of deep knowledge, insight, and instinct that allow our people to identify a client’s dream home –  and ultimately make that client’s dreams a reality.


“The Internet is great for research. But search algorithms, virtual tours, and robots just can’t replace professional expertise.”


Ever since I started our real estate and mortgage company with my wife 25+ years ago we have striven to be true professionals, honest expertise based on continuing education and regular market updates and networking so we were up-to-date on everything possible we could be.


All for the sake of our current and potential hard money and real estate customers!



Best, Forest

Owner/Hard Money Broker – The Guy in the White Hat



Original link to Pacific Union Bay Area Real Estate Blog, “Why Real Estate Brokers Are Alive and Kicking” March 19, 2013:




Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending. His phone number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Top 10 Reasons To Use Hard Money


By Broker, Forest Tardibuono


Having watched a lot of David Letterman Late Night shows, I realized just as he has his “Top 10 reasons”, there are Top 10 Reasons To Use Hard Money

Need I say more…

#10. You had a recent Bankruptcy.
#9. You are currently in a bankruptcy.
#8. You had a short sale not too long ago..
#7. You had a foreclosure yesterday.
#6. You have been in a bankruptcy for a year, had 2 foreclosures of rental properties in the last 12 months and you are currently short selling your home (true story!!).
#5. Your home loan was just declined by the bank that approved you a month earlier for something on your credit report that was there from the start.
#4. You have written 11 [unaccepted] offers and now have a new best friend in your Realtor.
#3. 3 words: “Fourteen” – “Day” – “Escrow”! (I just did one in 7 days. My record is 5, and I would like the challenge to do it quicker!!)
#2. You are the “perfect loan” for a bank. Perfect credit, perfect income, big down payment. But you want to buy a dumpy property and fix it up. Banks hate dumpy properties.
And the #1 Reason… As a Hard Money Lender for 25 years – I say YES when others say no!


Call me with your scenarios and let’s see how I can help you.



Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending. His phone number is (707) 523-2099. See website @ www.sunpacmortgage.com.

Selling a House? Don’t Overprice It


Hello fellow Realtors, Lenders and other friends; 

There was a really good article released by The KCM Blog on July 15th that goes right along with our message in today’s video: how to increase a Buyer’s capability to purchase your particular listing, in today’s market.
We have included the full article along with an original link to it, below. Do make sure to read all the way through.  Smart facts and strategies to keeping more Buyers and Sellers in the game, right now!


Best, Forest & Lynn


Owners/Broker–The Guy in the White Hat & Realtor–Flipper Chick

Sun Pacific Mortgage & Real Estate

Family owned and operated in Sonoma County since 1988. Your Hard Money Lender!


The KCM Blog – Selling a House? Don’t Overprice It



Hires 6 Hello Fellow Realtors, Lenders And Other Friends; There is no doubt that the housing market is coming back nicely. What, if anything, could slow down the current momentum? We believe it may be sellers’ over exuberance when it comes to pricing. There is little doubt that house prices have appreciated over the last twelve months in most regions of the country. However, with both the inventory of homes for sale and interest rates increasing, we have to be careful to not over judge what the market can bare.

Trulia just reported that asking prices have jumped dramatically and the increase is accelerating:

  • Year-Over-Year prices jumped 10.7%
  • Quarter-Over-Quarter prices jumped 4.1% (16.4% annualized)
  • Month-Over-Month prices jumped 1.5% (18% annualized)

No expert is expecting home prices to shoot up 18% in the next twelve months. If anything, price appreciation may slow as rates and inventories increase. Investors will begin to slow their purchases and the first-time buyers expected to take their place will be working within a pre-set budget in many cases.

Buyers’ Purchasing Power

Let’s look at an example: A young couple is looking for a home and have predetermined that their budget will only allow them to spend $1,000 a month on a mortgage. At today’s mortgage rate of 4.5%, they could afford a $200,000 mortgage ($1,013 principal & interest). However, if rates jump to 5%, they would have to lower their mortgage amount to $190,000 in order to keep their monthly payment where they need it ($1,020). At 5.5%, the mortgage would need to be no more than $180,000 ($1,022).

The Impact on Prices

This decrease in buyers’ purchasing power will have an impact on home values going forward. We do not believe it will cause a decrease in prices. However, we do believe it will likely cause current rates of appreciation to slow.

If you are thinking about selling your home, don’t get carried away with current headlines about home price increases that have taken place over the last twelve months. Instead, call a local real estate professional. They will be best prepared to explain where prices are headed over the next six months.


Selling a House? Don’t Overprice It – Posted: 15 Jul 2013 04:00 AM PDT

Original link: http://www.kcmblog.com/2013/07/15/selling-a-house-dont-overprice-it/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28The+KCM+Blog%29

A Realtor’s Strong Right Arm

by Broker, Forest Tardibuono

Forest And His Hat_Small

As you have seen, the housing market values are only going up, but still the current prices are too good to miss out on.  And despite news about rates increasing, the interest rates are still within the range of 50 year lows!

Freddie Mac has reported that the rates for 30-year fixed mortgages rose about ½ percent in the past weeks.  These rates aren’t expected to rise more than ½ percent by this same time next year, as mentioned by National Association of Realtors, the Mortgage Bankers Association and Fannie Mae.

The bottom in home prices and interest rates has passed. Waiting no longer makes sense.

For renters, their rents will go up.  If rents go up in the next 30 years at the same rate they did over the prior 30 years then someone renting today for $1,600 will be paying $4,496 in 30 years. Why rent when you could buy?

Don’t be 30 years older, paying an outrageous rent and no accumulated wealth because you paid your landlords mortgage for all that time.  An increase in rates will obviously impact each home owner’s monthly mortgage payment so if you wait, you will end up just having to pay more!

I have saved the bacon for agents and conventional lenders on multiple transactions so far this year, closing several of them in a week.  If turned down elsewhere, I most likely can help if they have a decent down payment or other equity to work with.

Basically considered “all cash”, such loans are extra strong and can be used to purchase or refinance dump property, bad credit borrower, irregular income borrower, large cash out borrower, Bridge loans, etc.

Home ownership is not only desirable, it is the correct financial decision to make right now.



Forest Tardibuono- the Guy in the White Hat – is a CA DRE Broker with 25 years of experience in real estate and lending throughout Northern California. His phone number is (707) 523-2099. See regularly updated website @ www.sunpacmortgage.com.

Flipping properties in North Bay….when done smartly it’s good for everyone.

Flipping properties in North Bay….when done smartly it’s good for everyone.


Having done many loans in the past and currently for flippers, I am with Rick Laws and Patrick Barber on what they say (see below Pacific Union Bay Area Real Estate Blog of June 6 2013 “San Francisco, Santa Rosa Metro Areas Ranked Among Top 25 Spots for Home Flipping”).  The price ranges for flippers has increased and the luster being added back into neighborhoods is really good, I say.

Houses And Their Reflection

Blog with full article: http://blog.pacunion.com/sf-santa-rosa-metro-areas-home-flipping/#disqus_thread


My wife, Lynn, as the “Flipper Chick” Realtor she is really familiar with the flip market right now.  She definitely is working extra hard to find the best properties for her client so he can fix them up well enough to pull in some profit.  Santa Rosa’s values are moving up so fast that it’s a constant gamble.


I always enjoy hearing what neighbors say about the run-down houses that get fixed up.  They only increase the value of their own house!  Below was a recent neighbor who emailed Lynn about her client’s/flipper’s good work:


“What a beautiful flip on Monte Verde.  I live a few doors down and it has been fun to see this property transformed in a short period of time.   What a GREAT job.  Please tell the owner the neighborhood appreciates the change. Enjoy this beautiful day.” Dorothy


If you have hard workers who take an honest passion in their job of fixing up a house, it will be good quality and they deserve any profit they make! Which is their living’s work.


Best, Forest



Forest Tardibuono is Co-Owner and CA DRE Broker known as “The Guy in the White Hat” of Sun Pacific Mortgage & Real Estate – Your Northern CA Hard Money Lender since 1988.  www.sunpacmortgage.comDRE license #01464899/NMLS #360993


Hard Money Loans From The Guy in the White Hat!





Hello again everyone;

I wanted to let each of you know that I have many investors available to fund local loans, throughout Sonoma County and the contiguous counties.


It’s been a really busy month for hard money loans and I know with the current real estate market it isn’t going to quiet down, which is fine with me.

I like being able to work with many of you, helping your clients get their deal closed!


Below are recent hard money loans funded through my office.  I hope it gives you a better idea of how I can service you and/or your clients with hard money loans. 






Martinez, California – Refinance

Hard Money Loan of $280,000 for 60 months @ 8.5% interest only!  Borrower has owned this rental property for 12 years.  It’s a 4/2 and 1,430 sq. ft. with a 7,000 sq. ft. lot. Based on comps has a loan to value of 53.8%.



Healdsburg, California – RUSH loan for owner occupied purchase

Hard Money Loan of $220,000 for 85 months @ 9.25% interest only!  Loan to value is 36.67%.  The home is 3 bed/2 bath and 1,900 sq. ft. on a 19,119 sq. ft. lot (.44 acre) that was just completed.  Good looking home.



Mountain House, California – Owner occupied purchase

Hard Money Loan of $150,000 for 85 months @ 10% interest only.  Loan to value based recent appraisal is 40.5%.  The home is 4 bedroom, 2.5 bath of 2,791 sq. ft. on a 6,098 sq. ft. lot.  Very nice home.  Good loan to value.



Oakley, California – Owner occupied purchase

Hard Money Loan of $245,000 for 85 months @ 10.25% interest only!  Loan to value is 70%.  The home is 4 bed/3 bath and 3,486 sq. ft. on an 8,838 sq. ft. lot that was built in 2007.  Nice looking home.




Oakland, California – RUSH loan for non-owner purchase

Hard Money Loan of $93,750 for 24 months @ 12% interest only.  Purchase price is $125,000.   Loan to value is 75%.  This is a duplex.  Units are each 2 bed/2 bath of 788 sq. ft. on 4,791 sq. ft. lot built in 1946.  Buyer is a busy realtor. This is my 5th loan to her.




Santa Rosa, California – Owner occupied purchase

Hard Money Loan of $80,000 for 85 months (@ 12.0% interest only.  Loan to value of 70%.  The unit is a 2/1 at 816 sq. ft. built in 1959.




Forestville, California –  Refinance

Hard Money Loan of $50,000 for 85 months @ 8.0% interest only!  This is a cash-out refinance for a property that was purchased all cash in March 2012 for $140,000.  Loan is 35.72%.  The home is 2 bed/1 bath and 908 sq. ft. on a 6,534 sq. ft. lot built in 1950.

Borrower stated they did spend $45,000 to $50,000 remodeling the home.



Stockton, California – Non-owner purchase

Hard Money Loan of $53,000 for 36 months @ 13.0% interest only.  Loan to value is 70%.  This is a short sale that is finally happening.  This is a 4 plex.  Rents will be from $750 to $900.  Buyer has been a real estate agent for almost 4 years.  This will be the 4th loan I have done for her.  She has decent credit and great income.



Our loan approval is based on just 2 criteria:

1. Good Down Payment

2. Ability to Repay

  • Owner Occupied and Investor financing
  • FAST private money purchase financing Sonoma County and contiguous Counties
  • FICO is not a factor
  • Up to 75% loan-to-value – Case by case basis
  • Lower rates with Good Compensating Factors– Case by case basis
  • Loan amounts from $40,000 – $2 million
  • Fast refinancing.






CALL FOREST – The Guy in the White Hat – at (707) 523-2099;

Or email him through the website at: www.sunpacmortgage.com


A California Private Money Lender You Want To Do Business With


The below article (reprinted with permission) is an exact description of the relevance and importance of Private Money Lenders here in Sonoma County, in the USA and probably planet wide.

If we left it to the bailed out banks, zero money would have been lent during the years of the most recent real estate debacle.

The dust is finally settling on who remains standing in the real estate lending arena.  It really boils down to the “A” lenders who do the 30 year fixed loans and the Private Money Lenders.  There are no more “B” and “C” lenders.  There is no subprime lending.

There is no World Savings with their Quick Qualifiers and stated income programs.

After you take your shot with the “A” lender(s) and they say “NO”, you go straight to Private Money.  These Lenders stand ready and willing to fuel the future of real estate in America today.

Article: TheNicheReport “PRIVATE MONEY LENDERS HAVE FUELED THE REAL ESTATE RECOVERY“  by Corey Curwick Dutton, a private money consultant for Private Money Utah. www.PrivateMoneyUtah.com


Forest Tardibuono

Owner/Broker – The Guy in the White Hat

 Forest And His Hat_Small

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