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Loan Approval: Touchdown!

Nov 16, 2018  , , , , , ,

Recently Funded Hard Money Bridge Loan

With our many loan programs, we can help get that loan approved and score a touchdown for your team!  One of our most popular loan programs is the Bridge Loan. Here are the benefits of getting this type of financing with us:

  • Accessing equity in one house to purchase another, bridging the gap between the sale of one property and the acquisition of another.
  • Having an offer accepted without any contingencies.
  • We look at equity, not credit worthiness.
  • We welcome short- term loans.
  • These are exempt from the “ability to repay” rule.

Recently Funded Hard Money Bridge Loan

Recently, a local Mortgage Broker reached out to us for one of his past borrowers, who was having difficulty proving his income.  The Broker was finding it impossible to secure a loan from his usual sources.

His Buyer wanted to pull cash out of his current home’s equity, as a down payment on another house he wanted to purchase. He needed a loan of $540,000, which we had no problem getting approved.  Within a few weeks, we scored the touchdown for both this Broker and his Buyer!

You can score high points with Buyers & Sellers too, by taking advantage of our Hard Money loan programs.  Call us at 707-523-2099, to find out how we can get that loan approved and a touchdown for you, too!

The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.

“The Guy In The White Hat – Your Hard Money Lender”. Broker and Co-Owner of Sun Pacific Mortgage & Real Estate, family owned and operated in Sonoma County California since 1988. (CA BRE License #01000559. NMLS #289456)

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