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Is It The Right Time To Sell Or Buy In California?

Is It The Right Time To Sell Or Buy In California

People generally believe that the winter months are not the best time to list their home for sale; however, a recent report in Showingtime, a real estate industry magazine, reveals how this year is different all over the country: Buyer activity is way up compared to the same time last year.

The West, specifically, saw the greatest growth in activity with a 23.1% increase – believed to be the best in the history of record keeping.

In the past, most people thought April was the beginning of the surge in buyer activity – not anymore!  There is a lot of speculation about why the search for a home is shifting to an earlier start.

The one thing we do know is if you’re thinking about buying or selling a home this year, the earlier you get started, the better.  With the reality of fewer homes on the market in the winter, waiting for more competition in the spring might be a mistake. It makes sense to sell when there is a greater demand and less inventory, and according to the experts, that time is now!

No need to fear beginning to search for your new dream home before selling your present house. If you should be fortunate enough to find the home of your dreams, but don’t yet have the funds from the sale of your old home, Sun Pacific Mortgage can help you with their bridge loan program, even if you have less than stellar credit.

We have been able to span the gap between old and new for our clients over the past 32 years of alternative financing.

If you would like more information regarding our real estate financing programs, give us a call at 707-523-2099 and we would be happy to help you determine your eligibility.

Most Popular Program – Recently Funded!

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Most Popular Alternative Financing!

Want fast alternative financing or have a client who just misses qualifying for regular “A-paper” financing? 

Then you have to take advantage of our one-of-a-kind loan program:

  • Rates as low as *6%!
  • Good credit (640 and up)
  • Loan To Value 64% or less
  • Property in good condition & location 

Call us at 707-523-2099 and we will let you know how we can help! 

Recently Funded with Alternative Financing

Location:  Santa Rosa, Sonoma County
Finance Program: Investment Property Refinance
Loan Size: $550,000 with 64% LTV
Days To Finish: 12
Why Needed Us: Needed fast capital for business purpose. 

Location: San Diego, San Diego County
Finance Program: Primary Residence Temporary Refinance 
Loan Size: $320,000 with 72% LTV
Days To Finish: 9
Why Needed Us: Wanted to spruce-up property so could sell it faster and for higher return. 

Location: Saratoga, Santa Clara County
Finance Program: Primary Residence Temporary Refinance
Loan Size: $1,065,000 with 64% LTV
Days To Finish: 16
Why Needed Us: Turned down by other lending institutions due to difficult to prove income. 

Location:  Mission Viejo, Orange County
Finance Program: Primary Residence Business Purpose Refinance 
Loan Size: $470,000 with 63% LTV
Days To Finish: 20
Why Needed Us: Wanted fast cash to purchase another property and turn it into an investment, cash-flowing rental. 

 

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

Recently Funded – Trusted for Over 3 Decades

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Family Owned for 32+ Years!

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!”
– Bank Acct Manager, E.G. 

As you can see in the below Recently Funded scenarios, we are here to assist you or a client with a fast loan!  Sun Pacific Mortgage is your answer when other conventional institutions are unable to help due to property condition, difficult to prove income, etc.   

As we enter our 33rd year as a family owned & operated Alternative Financing company, we continue to help many Realtors, Mortgage Brokers & Lenders with their homebuyers and borrowers.

Call us at 707-523-2099 and we will let you know how we can help! 

Recently Funded

Location: San Rafael, Marin County
Finance Program: Temporary Refinance Primary Residence
Loan Size: $700,000 with 54% LTV
Days To Finish: 17
Why Needed Us: Credit circumstances making other lenders disapprove the loan.

Location:  Palm Springs, Riverside County
Finance Program: Investment Property Equity Cash-Out
Loan Size: $322,000 with 64% LTV
Days To Finish: 3
Why Needed Us: Needed very fast financing. 

Location: Santa Cruz, Santa Cruz County
Finance Program: Primary Residence Business Purpose Refinance 
Loan Size: $390,000 with 60% LTV
Days To Finish: 9
Why Needed Us: Condition of property. Wanted financing to fix it up then sell it. 

Location:  Walnut Creek, Contra Costa County
Finance Program: Primary Residence Temporary Refinance 
Loan Size: $350,000 with 26% LTV
Days To Finish: 13
Why Needed Us: Self-employed with difficult to prove income. 

Location:  San Leandro, Alameda County
Finance Program: Investment Property Refinance
Loan Size: $682,000 with 63% LTV
Days To Finish: 15
Why Needed Us: Poor credit

The Year In Review

The Year In Review

While reviewing 2019, here at Sun Pacific Mortgage & Real Estate we were happily surprised by some of the significant accomplishments we achieved, resulting in many more homeowners and home-buyers getting the financing they were hoping for!

As we embark on our 32nd year in the real estate & mortgage business, we are proud to be able to continue to help many other Realtors, Mortgage Brokers & Lenders and their Borrowers & Buyers with our alternative financing, also known as Hard Money/Private Money Loans. 

HOME BUYERS & BORROWERS

Over this past year we grew our family of borrowers to more than 10,000!  Some of our happy clients have been kind enough to send us “kudos”, like this one below: 

“To the Super Heroes in White Hats!  What can be said about the incredible family business that you have created.  Here are a few things to start with…

As FAST as ‘THE FLASH’, your efficiency and cohesiveness as a team is unmatched & always produces speed that rivals sound. True ‘CAPTAINS OF AMERICAN’ Lending, you guys are blazing the way through complications & compliances of old lending and are true pioneers of the future.  As HEROIC as ‘HE-MAN’, time and again you do the heavy lifting to ensure security for your trusting clients! For all that you do THANK YOU!   With much gratitude.”
M.F. Family

As the quote above depicts, we are known for our fast funding and quick closings.  While always finding a way to make a scenario work when others have given up, we are known for making the alternative financing process a smooth and pleasant experience:  https://www.sunpacificmortgage.com/hard-money-loans-us/  

REFERRING BROKERS & AGENTS

Many referring real estate agents and mortgage lenders & brokers have joined our family this past year entrusting their clients to us when they were unable to assist them in procuring a loan.  We expertly handled matching up private investors with close to 240 loans last year, with the respective borrower and their lender or realtor happy with the outcome: https://www.sunpacificmortgage.com/brokers-and-lenders-info/

Below is what just a few of our satisfied referring lenders and agents had to say: 

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!”
–  
Bank Acct Manager, E.G. 

“This is my 3rd file with you Broker, in less than 30 days, and each interaction with you has been pleasant, casual, professional and I’ve had nothing but praises for you and Sun Pacific.   I’m looking forward to much continued business with you and Sun Pac.”
D.M. – Broker

PRIVATE INVESTORS

This trust that our borrowers and referring Agents have in us extends to our faithful following of investors: https://www.sunpacificmortgage.com/invest-in-trust-deeds/

Our thorough vetting process of all the loans that come through our office, before presenting them to our investors, has gained us many loyal investors who feel comfortable funding our available deeds of trusts.  Again, last year we financed over $100million in Notes!  

From one of our Private Investors: These guys are very local and well trusted.  Broker has been around a while and stakes his family reputation on his business performance.  In the past year, my husband and I have used him for investment opportunities and appreciate working with him and his get-it-all-done Sister Processor.  I am very satisfied and appreciative of Sun Pacific.”
K.M.

To all our borrowers, lenders, real estate agents, and investors, we thank you for your part in making 2019 one of the best of our 32 years!  2020 has started off with a bang, and we are looking forward to serving you with the same integrity and professionalism you have experienced from us in the past.
https://www.sunpacificmortgage.com/about-us/

Loan of the Week – Just In Time For Your Valentine!

Valentines Day

Everyone Loves Bigger & Faster Loans!

We can help make this Valentines Day better for you or your client by providing fast financing with our alternative loan programs – just as we did below: 

Loan of the Week

A mortgage broker in Brisbane, CA reached out to us for assistance with one of his clients, who was unable to obtain financing because of a few issues with his credit report. 

This client was trying to finance a business transaction using his primary residence as collateral, a reasonable solution since he had considerable equity in it.  He needed $470,000 to solve his problem. 

After examining the opportunity, we found this loan fit into our two main Hard Money qualifications of good equity/decent down payment and ability to repay the loan.  We quickly gathered the needed documentation and had his financing funded in less than 12 days!

 

If you or someone you know needs a fast loan this Valentines, or there is difficulty getting real estate financing with another lending institution, give us a call at 707-523-2099 or just reply here.  We’ll quickly let you know what we can do for you!

Real Estate Predictions for 2020

Real Estate Predictions For 2020

At the end of the year all eyes are on the new year.  Too bad we don’t have a crystal ball to predict the real estate market of the future.  We only have the current situation and historical trends to guide us.  

Real estate market trends are driven by several factors:  inventories, home prices, interest rates, days on the market, regional differences, population shifts, and global stability to name a few.  No wonder it is virtually impossible to predict the future.

Let’s look at a few the driving forces which have influenced real estate in the past:

INVENTORIES:  Housing inventories have fallen for the past 43 straight months, going back to 2016 according to the noted housing expert, Eman Hamed Mashvisor.  This shortage has driven up prices and increased competition, especially in the entry-level home market.

HOME PRICES: The rise of home prices has outpaced income by 31% since 2013.  2019 saw some moderation in pricing, but still leaves the appreciation rate for 2020 at 3.7%.

MORTGAGE INTEREST RATES: Rates continue to drop for the conventional lending community.  Those who fail to qualify for these loans can look for relief from alternative financing Hard Money lenders, such as Sun Pacific Mortgage, to help get them into a home or invest in rental properties.

MILLENNIALS:  Don’t discount the impact of the immense millennial market in 2020.  Their demand for entry-and-mid-level homes in urban areas could help keep us in a seller’s market given the lack of inventories.

 

What have we learned from history and from this examination of the present market?  Real estate is a complex entity. The only prediction that is guaranteed for 2020 is the world of real estate will remain interesting.  Get ready to enjoy the ride! 

Recently Funded – Growing In Popularity

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Ever-Growing Popularity For This Financing

Last year our family of borrowers grew to more than 10,000!  Many of these new clients were referrals from our trusted army of referring Realtors, Lenders and Mortgage Brokers who turned to us for assistance in getting their home buyers and borrowers the financing they needed.

“You have no idea how happy you made this client. Distressed situations are never easy, but you really did make it as quick and easy as possible. (And this was not an easy transaction so THANK YOU!)  More to come!” – Lender, Elise B.

We look forward to helping you or someone you know with our alternative financing, also known as Hard Money. Call Us at 707-523-2099 and we will get back to you quickly!

Recently Funded

Location: Concord, Contra Costa County
Finance Program: Business Purpose Primary Residence Cash-Out
Loan Size: $325,000 with 57% LTV
Days To Finish: 24
Why Needed Us: Had short sale and bankruptcy in past, stopping him from qualifying with other conventional lenders. 

Location:  Diamond Springs, Eldorado County
Finance Program: Investment Property Purchase
Loan Size: $1,050,000 with 40% LTV
Days To Finish: 21
Why Needed Us: Condition of property was making it difficult for other financing. 

Location:  Rancho Santa Margareta, Orange County
Finance Program: Primary Residence Temporary Financing
Loan Size: $460,000 with 63% LTV
Days To Finish: 14
Why Needed Us: Self employed with difficult to prove income. 

Location:  Napa, Napa County
Finance Program: Primary Residence Refinance with Cash-Out
Loan Size: $350,000 with 58% LTV
Days To Finish: 19
Why Needed Us: Needed fast cash for business purpose use. 

Location:  Santa Rosa, Sonoma County
Finance Program: Investment Property Refinance
Loan Size: $508,000 with 64% LTV
Days To Finish: 26
Why Needed Us: Poor credit

Loan of the Week – Fast For Over 30 Years

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Fast Alternative Financing For Over 3 Decades!
Loan of the Week

A past borrower called us about obtaining a loan against her property in Tiburon.  She was having difficulty getting approval from another lending institution even though there was a healthy amount of equity available.  

Although she was retired, she had regular monthly income and excellent credit.  She needed $320,000 for debt consolidation and desired upgrades to her property. 

She was a perfect fit for our unique Alt-A Hard Money Program!  We were able to get her loan approved in 3 days and with a lower than usual rate.   In two weeks, she had her money in hand!

If you or someone you know needs fast financing, or is having difficulty getting real estate financing elsewhere, give us at call at 707-523-2099.  We’ll quickly let you know what we can do for you. 

Alternative Financing – Moving Beyond!

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In business for 3 decades and moving beyond! 

We are family owned & operated, offering alternative financing for real estate.  And with more than 100 years of combined experience, why not give us the opportunity to provide you with our excellent Hard Money services: 

  • Fast Funding Ability – many done in less than 5 days!
  • Unique Alt-A Hard Money – rates as low as 6%*!
  • We finance anywhere in California – single family, multi-family, condos and business properties.  Primary residences and investment real estate alike!

Call Today 707-523-2099 with any questions or scenarios. We will swiftly let you know how we can help! 

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

Honored To Be A Family Business for 32 Years

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And it is clear many Borrowers, referring Realtors, and Brokers are happy we are here too. See below for what they have to say! 

Now into our third decade as licensed Realtors, Lenders and Hard Money Brokers, we have become expert in the alternative financing known as Hard Money or Private Money loans – and we have never run out of money to lend! 

Repeat customers, referred customers, realtors, lenders and brokers, we are privileged to have clients who have been placing their trust in us for the past 30 years and more.  

It’s a trust we could never buy. It is a trust you can count on. 

If you need fast financing or the other lending institutions have turned you down for a real estate loan, give us a call… and let’s get you that money!

Over 3 Decades of Referring Realtors & Mortgage Brokers:

“I appreciate your underwriting efficiency, communication and ability to close within 5 days.  We will surely work together again in the near future.” D.M. – Broker

“What I liked most about working with you was your SPEED. My borrowers/clients were happily satisfied. You are our go-to for Owner Occupied hard money, so I definitely refer you to anyone!” – Bank Manager, E.G. 

“Thank you as well Broker! You have no idea how happy you made this client. Distressed situations are ever easy, but you really did make it as quick and easy as possible. (And this was not an easy transaction so THANK YOU!)  More to come!” – Lender, E.B.

“I have a couple of loans with Sun Pacific and they are doing well. I would recommend them to do business with. I have been a broker for 44 years here in Sonoma County.”
S.G. Broker

Over 3 Decades of Happy Borrowers:

“Hard Money was the only financing that could help! Click to watch video (link it to this testimonial video: https://youtu.be/ltO_ZF0WJX4 .  

 “[Sun Pacific] team pulled through last minute for us to get us the loan we needed to save our house! From start to finish they made everything smooth and instructions were always clear and answered quickly. We are so grateful to have found them to help us during an otherwise stressful time. Highly recommend!!”  – Cassandra L.

“I was impressed by the tie of speed and service. You jumped on it and didn’t drag your feet like I’ve seen with other companies. The main reason for this loan was to pay off some accumulated unsecured debt. I wanted to get a fresh start…” – Borrower, R.R.

“I very much appreciated the speed of the whole loan process. I wanted a Hard Money loan to combine my existing 1st and 2nd and pay off a bathroom remodel. You are extremely competent – everyone I dealt with through your company up to and including the mobile notary. I really cannot think of anything that you could improve upon!” – Borrower, J.L.

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