Loan of the Week – Giving Faster Financing
Loan of the Week
We received a request from a Sonoma County Broker, who had a borrower with a note that had come due. Unfortunately, this borrower needed more time to repair her credit in order to qualify for conventional financing, so needed a short-term Hard Money loan.
She required $550,000 to satisfy her present lender and she needed it ASAP.
With a loan to value at 55%, we were able to finance her loan in just 12 days! She now has 2 years to improve her FICO score and apply for a conventional loan.
If you find yourself needing a fast loan regardless of the amount, think Sun Pacific Mortgage and call us at 707-523-2099.
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.