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Skillful Summer Success

June 28, 2017

Surfingken A Realtor Called Me Regarding A Home Loan That Her Client Was Having Difficulty Getting Approved. The Buyer Wanted To Purchase A New Home In Orange County And Needed A Jumbo Loan Of $875K.  Partially Using Equity From His Existing House, He Was Coming In With 50% Of The Purchase Price, Made Good Income And Had Good Credit.  The Property Was Under Construction And, Therefore, Did Not Qualify For Other Loan Programs.

Owner Occupied Bridge/Temporary Loan
San Juan Capistrano, California

A Realtor called me regarding a home loan that her client was having difficulty getting approved. The buyer wanted to purchase a new home in Orange County and needed a jumbo loan of $875K.  Partially using equity from his existing house, he was coming in with 50% of the purchase price, made good income and had good credit.  The property was under construction and, therefore, did not qualify for other loan programs.

This is where I came in with our Hard Money lending.  This type of loan is not a disqualification or a turn-off for any of our private investors.  The home buyer intended to complete the construction and would refinance once it qualified for traditional financing.

With such a positive loan to value and the Borrower’s other great qualifications, I had this loan approved and funded in no time.  Both the Realtor and buyer were extremely happy when this transaction closed in under 3 weeks!

If you or someone you know is having difficulty with loan approval for a purchase or even a refinance, call me at 707-523-2099.  I would be more than happy to let you know how we can help with a Hard Money loan.

Accomplish Your “Catch of the Day” With Hard Money

June 21, 2017

Bigfish I Had A Realtor And His Buyer Call Me, Wanting A Fast Loan.  The Buyer Didn’t Want To Miss Out On A Good Property Buy In San Mateo County.  He Was Able To Do A 35% Down Payment But Needed A $460K Loan To Complete The Purchase.

Investment Purchase Loan
Daly City, California

I had a Realtor and his Buyer call me, wanting a fast loan.  The Buyer didn’t want to miss out on a good property buy in San Mateo County.  He was able to do a 35% down payment but needed a $460K loan to complete the purchase.

With our Hard Money programs, getting fast real estate financing for that loan to value on a non-owner purchase was easy.  Both Realtor and client were very appreciative to get the loan done in 8 days.  Now that’s what I call a great catch of the day!

If you or someone you know needs a fast loan or is having difficulty with loan approval for a purchase or even a refinance, call 707-523-2099, we are here to help.

Increase The Value Of Your Home

June 14, 2017

Bird In A Recent Article Published By The Pacific Union, There Are Some Interesting Statistics On The Home Remodeling Dollars Being Spent In The Bay Area. It Appears That It Is At An All-Time High.

In a recent article published by The Pacific Union, there are some interesting statistics on the home remodeling dollars being spent in the Bay Area. It appears that it is at an all-time high.

With housing inventory in shorter supply, many homeowners are opting to improve their present homes instead of risking selling and not finding a suitable replacement. That’s where Sun Pacific Mortgage can come to the rescue!

We offer hard money loans to borrowers who are having difficulty getting a loan elsewhere. Sometimes it is because they have less than perfect credit scores, or it might be that they are unable to prove their income. These situations can make conventional loans impossible. If you are looking to upgrade your home by doing some major renovations, give us a call to explore your options.

We have been a family owned and operated business in Sonoma County for 29 years with many loyal clients and investors. Let us help you make your nest more comfortable by utilizing equity you have in your home.

Best, Broker – Another Guy in the White Hat

Broker and Buyer Loan Rescued

June 7, 2017

1 Corona, California Purchase

Corona, California Purchase

Recently a Broker from Riverside County contacted me to help rescue a frantic client, who was trying to buy a rental property.  This particular Home Buyer was having difficulty getting approval elsewhere despite making excellent monthly income and having good credit (over 700 FICO). The problem was he was self-employed with difficult to prove income.

This was not a problem for my Hard Money loan programs. The loan amount needed was $749K for 2 years with a loan to value at 75%. The transaction was a Non-Owner Occupied loan for a single-family residence that the Buyer wanted to turn into a rental for additional monthly income.

I got right onto it, found one of our Private Investors who could fund the purchase, and in less than 2 weeks we had a satisfied referring Broker with a relieved and happy Buyer!

If you or someone you know is having difficulty with loan approval for a purchase or even a refinance, call me at 707-523-2099.  I would be more than happy to let you know how I can help with a Hard Money loan.

Hard Money – No Fake News Here

June 6, 2017

Waterskiing Crop Instead Of Taking Full Advantage Of The Recent Fake News Fad And Sensational Headlines,  Letting You Know Of Our Amazing Skills As Water-Skiers, We’ll Get Right Down To The Truth:

Instead of taking full advantage of the recent fake news fad and sensational headlines,  letting you know of our amazing skills as water-skiers, we’ll get right down to the truth:

We are highly experienced Hard Money Lenders available to help you, a client or someone you know obtain a real estate loan, especially when turned down elsewhere.  We can fund fast; help finance a property that doesn’t qualify for conventional financing; lend to those who have difficulty proving income, as well as those borrowers with poor credit who have been turned down elsewhere.

Call Us today at 707-523-2099, we would be happy to let you know how we can help!

Best, Broker & Broker, The Guys in the White Hats

Recently Funded

Santa Rosa, California (Sonoma County)
Loan Amount: $450,000
Loan Program: Bridge Loan
Loan To Value: 70%
Days To Fund: 8 days
Why Turned Down Elsewhere: Needed a fast loan

Sacramento, California (Sacramento County)
Loan Amount: $360,500
Loan Program: Non-Owner, Investment Purchase
Loan To Value: 70%
Days To Fund: 8 days
Why Turned Down Elsewhere: Property Condition

Vallejo, California (Solano County)
Loan Amount: $365,000
Loan Program: Non-Owner Business Purpose Cash-Out
Loan To Value: 65%
Days To Fund: 21 days
Why Turned Down Elsewhere: Short Sale on record

Santa Rosa, California (Sonoma County)
Loan Amount: $450,000
Loan Program: Owner Occupied Temp
Loan To Value: 27%
Days To Fund: 10 days
Why Turned Down Elsewhere: FICO score

Fresno, California (Fresno County)
Loan Amount: $1,100,000
Loan Program: Investment Property Purchase
Loan To Value: 51%
Days To Fund: 14 days
Why Turned Down Elsewhere: Bare Land

Is 2017 The Year Of Real Estate Investing?

May 30, 2017

1 1 Recently A Chief Economist For Fannie Mae, Douglas Duncan, Told A Group Of Financial Professionals He Sees No Recession In Sight.  His Group Forecasts The Economy Will Grow By A Conservative 2% This Year.  But, He Added, “Frankly, From A Housing Perspective, I Think There Will Be A Strong Growth.”

Recently a chief economist for Fannie Mae, Douglas Duncan, told a group of financial professionals he sees no recession in sight.  His group forecasts the economy will grow by a conservative 2% this year.  But, he added, “Frankly, from a housing perspective, I think there will be a strong growth.”

Mr. Douglas is particularly optimistic regarding the growth of Baby Boomers as real estate investors.  Many of them may choose to downsize or relocate as they get closer to retirement.  Another group he sees showing interest in buying homes is the Millennials, particularly older ones who may have been renting single-family homes up until now and consider the time is right to buy.

With this information in mind, it looks like investing in real estate could offer a solid foundation for wealth growth – be it as an Investor for additional monthly income on rentals or as homeowners who benefit with tax write-offs and equity growth in their home.

For over 29 years now, Sun Pacific Mortgage and Real Estate, a family owned and operated business, has been here helping with hard money loans.  We have helped put thousands of buyers into homes and financed thousands of trust deed offerings through private investors, looking to make higher returns regularly.

Look at our website or call us at 707-523-2099 with any questions about investing in real estate trust deeds we regularly offer.  We are here to help you with your real estate borrowing and investing needs.

Rescuing a Realtor and His Home Buyer

May 24, 2017

1 Santa Rosa, California Bridge Loan

Santa Rosa, California Bridge Loan

A busy Realtor in Sonoma County contacted me to help rescue a frantic client, who was trying to buy a home while her current house was being sold.  The home buyer was having difficulty getting loan approval elsewhere because she didn’t make enough income; however, she did have a free and clear home she was selling.

Our Bridge Loan program allowed us to do a $450K loan against her home about to be listed for $1.7million.  This became the down payment for her new home and provided enough cash to fix up the home she was listing.

With our help, she was able to write an offer for the new home showing a 40% down payment, no contingency of sale of her existing home, and a 14 day close.   The 14 day close distinguished her offer from others and it was easily accepted.   I had this Bridge Loan approved and funded in under 2 weeks.  We were able to make a happy Realtor and a happy Buyer!

If you or someone you know is having difficulty with loan approval for a purchase or even a refinance, call me at 707-523-2099.  I am happy to let you know how I can help with a Hard Money loan.

Crystal Ball Reading for Real Estate in 2017

May 17, 2017

Crystal Ball According To The Most Respected Real Estate Prognosticators, California Remains One Of The Safest Places To Invest Your Money In 2017.   Several Western Urban Markets Are Still “Red Hot’, And 5 Of Them Are In California.  Realtor.com Has Predicted That Some Cities Will See Sales Growth As High As 5-6%.

According to the most respected real estate prognosticators, California remains one of the safest places to invest your money in 2017.   Several Western urban markets are still “red hot’, and 5 of them are in California.  Realtor.com has predicted that some cities will see sales growth as high as 5-6%.

If you are experiencing or have experienced circumstances that prevented you from obtaining a conventional loan, we have alternative finance programs that assist you to purchase or refinance property.  These are Hard Money loan options, and you will be able to get into the real estate market, improve your property, buy more property and be confident that your investment will grow.

California property has historically been considered a great investment, but never more so than today.  With a little research, you can find that perfect property in an up and coming area or an already highly desirable area.  

We are seeing more investments in properties that need some renovations.  These transactions are well suited to Hard Money loans.  Typically, these deals need a speedy close and will be sold or refinanced within 12-18 months.  The benefits of such a loan outweigh the higher rates and in the long run your overall financial picture will be greatly improved.

For more information about our Hard Money loans in California, North Bay, and San Francisco, give us a call at 707-523-2099.

We Can Get You Loan Approval

May 9, 2017

Image1 We Have All Noted And Experienced The Tightness Of The Real Estate Market Over The Past Several Months.  But Just As A Tightly Wound Spring Can Leap Forward At Any Moment, The Real Estate Market Is Preparing To Take Such A Leap.  Everyone Should Be Ready For The Opportunities That Lie Ahead.

We have all noted and experienced the tightness of the real estate market over the past several months.  But just as a tightly wound spring can leap forward at any moment, the real estate market is preparing to take such a leap.  Everyone should be ready for the opportunities that lie ahead.

And Hard Money loans can be of great benefit for those opportunities:

  • They can be funded fast, in less than 1 week if needed.
  • They are often considered “all cash” making them stronger offers.
  • FICO scores are not a determining factor.
  • Hard Money offers flexibility and speed that is needed in a swiftly moving market.

 

We are here to help you, a client or someone you know get their loan approved.
Call Us today at 707-523-2099.

Recently Funded

Santa Rosa, California (Sonoma County)
Loan Amount: $450,000
Loan Program: Owner Occupied Purchase
Loan To Value: 27%
Days To Fund: 10 days
Why Turned Down Elsewhere: Needed a fast loan

Healdsburg, California (Sonoma County)
Loan Amount: $580,000
Loan Program: Non-Owner Purchase
Loan To Value: 80%
Days To Fund: 7 days
Why Turned Down Elsewhere: Property Condition

Santa Rosa, California (Sonoma County)
Loan Amount: $465,000
Loan Program: Commercial Purchase
Loan To Value: 40%
Days To Fund: 10 days
Why Turned Down Elsewhere: FICO score

San Rafael, California (Marin County)
Loan Amount: $240,000
Loan Program: Land Purchase
Loan To Value: 35%
Days To Fund: 21 days
Why Turned Down Elsewhere: Bare land

Angwin, California (Napa County)
Loan Amount: $468,000
Loan Program: Bridge Loan
Loan To Value: 80%
Days To Fund: 11 days
Why Turned Down Elsewhere: Short sale

Investing In Real Estate Brings Good Return

May 1, 2017

Reasons Why You Should Invest Your Money In Real Estate According To A Attom Data Solutions Recent Report, Real Estate Flips Prove To Be A Lucrative Market For Investors In 2016.  There Were 193,009 Single-Family Homes And Condos Bought And Resold Within A 12-Month Period, A New Record.  Low Inventory And Investors Looking For A Safe Haven For Their Money Seem To Be The Catalyst For The Flipping Activity And Resultant Returns.

According to a ATTOM Data Solutions recent report, real estate flips prove to be a lucrative market for investors in 2016.  There were 193,009 single-family homes and condos bought and resold within a 12-month period, a new record.  Low inventory and investors looking for a safe haven for their money seem to be the catalyst for the flipping activity and resultant returns.

There were 11 U.S. markets where flippers realized a six-figure profit, and six of them were in California.  San Jose was the most lucrative market for flippers in 2016, averaging a profit of $145,750.  San Francisco was the second-highest flipping profits with $140,000.  These averages were very close to the ones in 2015 for the Bay Area.

Properties that need substantial renovations are more difficult to qualify for a conventional loan.  This is where hard money loans come to the rescue.  Investors in these loans stand to make a quick profit when the buyer completes the work and resells usually within 12 months.

Sun Pacific Mortgage & Real Estate, a family owned and operated hard money business, has been lending to Investors and home buyers in California for more than 29 years.  We invite you to join our investor family and enjoy some healthy financial growth.

Call us at 707-523-2099 and we’ll let you know how we can help.

See ATTOM Data Solutions full article here: http://www.realtytrac.com/news/real-estate-investing/2016-year-end-u-s-home-flipping-report/

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