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Want Your Loan Approved and Funded?

March 11, 2021

We Can Get That Loan Done – The Guys in the White Hats
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Our Private Money programs can help you if you want fast financing or you’ve been turned down elsewhere!

Call 707-523-2099 with your scenario today.

Loan of the Week

We were recently contacted by a Broker who had a Borrower in need of a fast loan.  He was in Escrow to purchase a home for himself and his family in Morgan Hill, Santa Clara County for a 60% LTV loan of 985K.

The Borrower had just been turned down by his other Lender due to some property condition issues.  He didn’t want to lose out on this house, so his Broker reached out to us for a fast private money loan.  Within just 10 days, this Borrower was a happy new Homeowner!

San Francisco & North Bay Real Estate Market – review of Jan.2021

March 9, 2021

Real Estate Market Results For San Francisco Peninsula Areas

Sonoma, Marin, and Napa Counties have seen unprecedented sales numbers since the Spring of 2020. Pandemic conditions which resulted in remote working and distance learning has created a surge of demand for larger homes and bigger lots.

Many San Francisco and Silicon Valley homeowners have found the answers to their search for a more compatible living arrangement in the North Bay.  January real estate statistics present a picture of what happens when there is a rush on single family properties and extraordinarily little inventory.

SONOMA COUNTY:

  • New escrows: 193 (down 27% from 1/2020)
  • New listings:  207 (down 45% from 1/2020)
  • Sold:  308 (up 34% from 1/2020)
  • Inv. As of Feb.1: 458 (down 28% from 1/2020)

MARIN COUNTY:

  • New escrows:  106 (up 17% from 1/2020)
  • New listings: 106 (down 17% from 1/2020)
  • Sold:  140
  • Inv. As of Feb.1: 139

NAPA COUNTY:

  • New escrows:  52
  • New listings:  55 (down 46% from 1/2020)
  • Sold:  69
  • Inv. As of Feb.1:  188

It is expected that the immense demand for homes from buyers coming from more urban areas of California will continue and possibly even escalate going into the first half of 2021.

If you need a fast close or do not qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099 to obtain a privately funded mortgage.  We have helped thousands of folks just like you over the past three decades we have been in business in California.  Our private money financing can be quite beneficial.

Get A Home Loan From Direct Lenders

March 4, 2021

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Direct Private Money Loans – The Guys in the White Hats

Direct Private Money Loans We Have Our Own Investors

Recently Funded:

Location:  Santa Rosa, Sonoma County
Loan Program:  Investment property refinance
Loan Size: $1,020,000
Days to Close:  16
Why Needed Us: Property needed renovations and didn’t conventionally qualify.

Location:  No. Hollywood, Los Angeles County
Loan Program:  Business Opportunity
Loan Size:  $475,000
Days to Close:  15
Why Needed Us: Needed fast capital to support family-owned business

Location:  Concord, Contra Costa County
Finance Program:  Primary Property Refinance
Loan Size:  $560,000
Days to Close:  15
Why Needed Us:  To pay off medical expenses and other debts

4 Ways Hard Money Can Help You & Your Clients.

March 2, 2021

4 Ways Hard Money Can Help You Your Clients 1

For many decades “hard money”, also known as “private funding”, has been a lifesaver for many prospective buyers who would have otherwise been excluded from the real estate/mortgage market.

Rather than turning your client away, wishing them “good luck” and possibly losing them to another loan agent, you now can offer them a solution with the help of a more flexible lending program such as the ones we offer at Sun Pacific Mortgage.

Be assured that when you turn to us, you are partnering with a professional financial company that has been in business for 33 years in California and understands your need to control your own business.

Here are three reasons why you might want to take a closer look at utilizing this financial tool to benefit your California Home Buyers and Borrowers:

  1. Sun Pacific Mortgage provides unparalleled service to make certain your client gets a loan through one of our hundreds of private investors.
  2. With fast financing ability and less stringent qualifications, loans can be completed in as little as 48 hours with many funded within 1 week.
  3. If a licensed Broker you are compensated for your efforts and referral.
  4. As your client’s financial situation improves, you are there to offer your services to get them into a convention loan with a better rate.

Everyone wins! Your client gets their much-needed financial help and you keep your relationship with your client intact. It is our intent to make you shine for your client while offering a lending program to solve some of the more difficult mortgage problems you encounter when buying or refinancing anywhere in California.

We have established a mutually beneficial working relationship with hundreds of California realtors, lenders and brokers. Give us a call at 707-523-2099 or email us through our website to see how we might help you satisfy mortgage applications that you otherwise might turn away.

Fast Approvals From Direct Lenders

February 25, 2021

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Direct Hard Money Lenders

The Guys in the White Hats

  • FAST Financing
  • Trusted by over 10,000 Borrowers
  • Self-employed OK
  • Credit Problems OK

We are here to help you, as we did the below home buyers and homeowners!  Give us a call at 707-523-2099 with any questions or scenarios and we’ll let you know how we can help.

Recently Funded

1 2Program: Primary Refinance
Loan Size: $1,787,000
Loan to value: 64%
Location: Riverside County, CA
Purpose: Needed fast capital

2Program: Investment cash-out
Loan Size: $460,000
Loan to value: 33%
Location:  Sebastopol, CA
Purpose: Debt consolidation

 

3Program: Investment Refinance
Loan Size: $1,725,800
Loan to Value: 63.8%
Location:  Oakland Hills, CA
Purpose: Difficult to prove income

Real Estate Experts Biggest Housing Issues for 2021

February 23, 2021

Real Estate Experts Biggest Housing Issues For 2021

A survey was conducted in the fourth quarter of 2020 of real estate professionals to determine the biggest stumbling blocks to growth in 2021.The following are some of the key trends they see as potential difficulties:

  1. Inventory shortages:  With levels down 22% from the previous year, this was the main concern of 84% of those surveyed.
  2. Widely distributed vaccines to boost consumer confidence:  Even with the availability of the vaccine, the market could remain highly competitive given the starting point of the market going into 2021. Good for sellers, not so much for buyers.
  3. Low mortgage rates:  Renters are speeding up their home buying, and older adults are deciding to downsize sooner.  This will add to the buyers and sellers for 2021.
  4. A permanent move to remote work:  This factor was especially a weighted issue in California where the trend has been felt already in 2020.  The professionals see this as a continuing trend in 2021.
  5. Affordability challenges persist:  Finding down payments has been one of the biggest obstacles to homeownership.  This challenge will persist into 2021, although some experts are optimistic that expected tax credits may help.

Despite this mixed bag of good news/bad news, the experts remain largely confident that the real estate market for 2021 looks as promising as last year’s surprising outcome.

And for those who live in California or are considering to move to one of the beautiful coastal counties of California such as Monterey, Santa Barbara or San Diego, If you are looking for help in funding your real estate investment this year but are finding stumbling blocks when applying with conventional lenders, give Sun Pacific Mortgage a call at 707-523-2099.  We have helped thousands of borrowers just like you over the past 33 years to find private investors who are eager to invest in you and your dreams.

What Does Low Inventory Housing Mean to You?

February 19, 2021

What Does Low Inventory Housing Mean To You

Lack of inventory has been the one constant throughout the real estate market for the past several years.  Depending on whether you are a buyer or seller, this will be a significant factor in how you deal with the process.

If you’re a buyer, it may take time to find the right home for you.  Be patient.  Once you do find your dream home, be ready to move quickly.  Get pre-approved for a mortgage, make a competitive offer, and prepare for a possible bidding war.  Know just how far you can safely go to secure a home and trust your real estate agent to have knowledge you might not have.  Also, consult with your local lender and determine the max amount you could afford for a purchase.

If you’re a seller, know that you are, in some ways, in the driver’s seat.  With the shortage of inventory, you are in a good position to negotiate the best possible terms.  You have the advantage of determining price, moving date, possible repairs, or anything else with the potential buyer.  Don’t be unreasonable but understand that you probably have the upper hand.

According to the experts, real estate will remain a strong factor in the economic climate going into 2021 and 2022.  If you are hampered by challenging circumstances, such as difficult to prove income, weak FICO scores, or are just in a hurry to close a deal, give Sun Pacific Mortgage a call at 707-523-2099.  We specialize in private lending mortgages for precisely these situations.

Fast Loan Approvals Here

February 17, 2021

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Direct Hard Money Lenders
The Guys in the White Hats

  • Trusted by over 10,000 Borrowers
  • Submit Offers With 10-day close!
  • Credit Problems OK
  • Difficult-to-prove-income OK

Loan of the Week

Image3$1,725,000 loan
64% LTV 
Non-Owner Refinance cash out
Oakland Hills, CA.

 

 

Give us a call at 707-523-2099 with any questions or scenarios and we’ll quickly reply with how we can help.

Let Us Help You Get Loan Approval

February 11, 2021

We Can Do That Loan

Direct Hard Money Lenders
The Guys in the White Hats

  • Fast Funding
  • Difficult-to-prove-income OK
  • Credit Problems OK
  • Jumbo Loans provided

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Give us a call at 707-523-2099 with any questions or scenarios and we’ll quickly respond with how we can help.

Investing In Deeds Of Trust Brings Higher Return

February 9, 2021

Investing In Deeds Of Trust Brings Higher Return

To many a naysayer’s surprise, the 2020 real estate market boomed.  Prices rose, sales increased, and investors continued to grow their wealth.  In a recent article I found in Realtor Magazine, Lawrence Yun, Chief Economist at NAR, stated that even as early as August, 6 million existing and new home sales were recorded in the United States.  From our own data reports on various counties in California, we have seen exponential sales growth from San Diego to Mendocino and beyond.

Just looking at San Francisco County for December, we find double the number of properties listed since 2019.  In addition, more than half the single-family homes sold last month closed well over asking price.  With inventory remaining low for the foreseeable future, prices should continue to rise ensuring a healthy accumulation of investors’ wealth.

We have found similar data in December for the San Francisco Peninsula where homes only stayed on the market anywhere from 18-38 days and prices rose again month-to-month.

In Orange County September sales of existing single-family homes was up 30.6% over last year and the median price rose 10.8%.

In Los Angeles County for the month of September the median sales price increased 5.7% over 2019.  In Marin County, Napa County and Sonoma County for November the data was even more encouraging.

At Sun Pacific Mortgage we see investors more eager than ever to supply private money to borrowers seeking a loan.  And why not?  Surely real estate has proven to be the best long-term (and even short-term) investment for many portfolios. A trust deed investment means that you are not involved in the day-to-day operations of your property with all the headaches that can bring.

Unlike the stock market where you are never certain where your capital is from day to day, real estate has proven over the decades to be a solid investment, and remember, it is the only one you can live in!

So give us a call at 707-523-2099 or reach us through our website at www.Sunpacificmortgage.com.  We’ll be happy to explain how we work and how you could start earning greater returns on your investments.

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