California's Trusted Hard Money Lender Since 1988

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Our New Loan Program Is Wrangling Up Fast Approvals!

Sep 12, 2019  , , , , , , ,

Our New Loan Program Is Wrangling Up Fast Approvals!

Real estate loan turned down at the last minute?  Strong borrower but just don’t quite qualify for traditional “A-paper” financing? 

This is where our new Alt-A Hard Money program can help, with lower rates between 6 – 8%!   The main qualifications are: 

– 65% Loan To Value or less
– Property in good condition and in nice location 
– Good credit (640 and above) 

Lower Rate Alt-A Hard Money Loans Recently Funded: 

Location:  Petaluma, Sonoma County
Why Came To Us: Has IRS lien and difficult-to-prove income
Scenario: Homeowner looking to pull cash out of free and clear house.
Loan Size: $350,000 with LTV at 29%. 
Days To Finish: 7 days!

Location:  Kentfield, Marin County
Why Came To Us: Turned down by their bank at last minute. 
Scenario: Needed additional funds to complete remodel and planned to then sell. 
Loan Size: $680,000 with LTV under 50%. 
Days To Finish: 7 days!

Location:  Mill Valley, Marin County
Why Came To Us: Buyer was an LLC; Other Lender unable to perform. 
Scenario: Borrower was perfect, with great income and credit. Lost time due to unnecessary confusions with underwriting. Didn’t want to miss out on his business investment so required fast financing. 
Loan Size: $599,000 and LTV 59%
Days To Finish: 4 days!

Location:  Santa Rosa, Sonoma County
Why Came To Us: Was turned down at the last minute by underwriting, due to an issue with proof of income. 
Scenario: Escrow was closing in 3 days so Real Estate Agent reached out for fast financing for home buyer. 
Loan Size: $946,870 and a low 35% LTV. 
Days To Finish: 3 days!

If you have any questions or scenarios for us to review, call 707-523-2099.  We will let you know quickly what we can do for you!




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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Listen to Owner/Broker of Sun Pacific Mortgage & Real Estate – Forest Tardibuono Guest Talk on “Ask the Expert: The Real Estate Hour With Mike Kelly” on KSRO

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