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5 Day RUSH Loan Funding for Condo in Sacramento

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Last month a Conventional Lender called us on behalf of one of their borrowers who had just been turned down for a conventional loan, 3 weeks into their 4 week purchase agreement for a condo in Sacramento.  To say the least, the home buyer was distressed and a bit hopeless.

The purchase price was $285,000 and the home buyer only had a 20% down payment to apply to their loan, making the loan-to-value 80%.  Luckily, this is the max LTV that our private investors will approve.  

So, we got right to it and within 5 days of the  initial call, the loan funded and recorded!  We turned the distressed and hopeless borrower into a very happy and proud home owner, keys in hand.

The Conventional Lender was grateful that we could rescue this opportunity and it became a win-win for all involved.

Sun Pacific Mortgage & Real Estate is a family owned and operated Hard Money Financing Company, serving all of California since 1988.  We have become known as The Guys in the White Hats and we offer short term (1-5 years) hard money loans for residential, owner occupied and non-owner occupied (SFR and multi-units), as well as for some land and commercial real estate.  Our loan amounts range from $100,000 on up through jumbo size mortgages ($400K – $1,000,000) and interest rates range from 8-12%, interest only.

Visit our Sacramento lending website: http://www.sacramentohardmoneylenders.com/

The Guy In The White Hat Comes To Homebuyers’ Rescue!

The Guy In The White Hat Comes To Homebuyers’ Rescue!

[youtube=http://www.youtube.com/watch?v=k3eFWtb6pz0&w=448&h=252&hd=1]

 

Ever since we opened our doors in Sonoma County in 1988, we’ve given extra care to round up people who have been “Turned Down Elsewhere?” – because of credit, income, the property or a combinations of these.

We are the local Hard Money Lender who can help rescue your deal…and get your Buyer into that Home!

Here are some Hard Money Buyers recently rescued…

Home Purchase Purchase price $237,000. Buyers had a friend who loaned them the down payment of 20% as a 2nd mortgage. Purchase money first of $189,600. 100% combined loan to value!

Flipper 80% Loan to Value (LTV) in Santa Rosa. Loan amount $315,000 on a fixer upper. 12% interest only for 12 months. This loan was done in 4 days!!

Owner Occupied Principal Residence Purchase – A conventional lender denied this loan due to a foreclosure. 50% Down. Loan amount $90,000 at 12% interest only. 10 days from application to recording!

Loan approval is based on just 2 criteria:

1. Good Down Payment

2. Ability to Repay

  • FAST Private Money for purchasing in Sonoma County and contiguous Counties
  • FICO is not a factor
  • Up to 75% loan-to-value – Case by case basis
  • Loan amounts from $75,000 to $400,000
  • Owner Occupied and Investor Loans

SPECIAL NOTE: WE CAN DO A LOAN FOR SOMEONE FRESH OUT OF FORECLOSURE, BANKRUPTCY OR SHORT SALE!

CALL FOREST at 523-2099

Or email him at forest@sunpacmortgage.com

Visit us @ www.sunpacmortgage.com

“LIKE” us @ www.facebook.com/sunpacmortgage