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.