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Let’s Be Clear: Hard Money Is Fast!

November 27, 2019

Transparency

Transparency from an expert lender assures faster funding and piece of mind.

With us, you now have a resource to handle almost any Homebuyer or Borrower profile that is less than “A” quality, and still get reasonable rates:

– One-of-a-kind Alt-A Hard Money Program with rates as low as *6%!

– Fastest funding within 48 hours!

Hard Money Loan of the Week

A past borrower of ours called us up, in need of fast financing. He owned a few investment properties in Napa County that were free & clear and wanted to use this   available equity to pull cash out for additional funds he needed for business capital.

With a 66% loan to value, he was hoping to get a $525,000 loan.  We easily got approval on the same day and, to the borrower’s delight, funded this loan within just 48 hours!

If you have any questions or scenarios, call us at 707-523-2099.  We will quickly get back to you and make it clear how we can help!

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

ALT-A Hard Money Offers FAST Funding!

November 21, 2019

Fastest

What can we do for you and your Borrower or Homebuyer? Get that loan funded and fast!

“I have recently got a hard money loan and am very pleased with the results. Broker has a powerful team that works fast and knows what they are doing. They coordinated with the escrow company, the lenders and me in record time

(2 weeks – and I had some issues to resolve with the county!).    [Sun Pacific] was on top of their game. JOB WELL DONE TEAM! Thank you. I will come back if I need a loan, I highly recommend this company.” – Happy Borrower, G.Q.

Rates as low as 6%* can be gotten with our Alt-A Hard Money program! If someone just misses qualifying for conventional financing for whatever reason, this could be just what they need.

Call us at 707-523-2099 with any questions or scenarios.  We’re ready to fund that loan fast!

Alt-A Hard Money Loans Quickly Financed By Us

Location:  Sonoma, Sonoma County
Why Came To Us: Needed fast capital for her business
Scenario: Looking for fast cash to capitalize on a business opportunity and owned property free & clear, so could pull cash out.
Loan Size: $420,000 with 30% LTV
Days To Finish: 4

Location:  Thousand Palms, Riverside County
Why Came To Us: Having difficulty proving income due to being self-employed.
Scenario: Wanted to do debt consolidation and some fix-ups around her home but having difficulty getting a loan elsewhere so came to us and we got it done.
Loan Size: $452,000 with 46% LTV
Days To Finish: 17

Location:  Mill Valley, Marin County
Why Came To Us: Needed fast financing.
Scenario: Had found the perfect new home and wanted to submit a stronger offer with very short closing date and no loan contingency, which we could offer.
Loan Size: $599,000 with 59% LTV
Days To Finish: 8

Location:  Santa Rosa, Sonoma County
Why Came To Us: Had great credit but due to property condition was unable to get loan approval elsewhere.
Scenario: Wanted to fix up rental property so could rent it for better return.
Loan Size: $365,000 with 35% LTV
Days To Finish: 13

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

Investment Strategies: Stocks, Bonds, and Real Estate

November 19, 2019

Investment Strategies Stocks Bonds And Real Estate

Over the past decade, as stocks and bonds have become more volatile, investors seeking greater control have turned to private real estate investing.  Let’s examine which investment path has generated better returns for investors with lower risk.

  • BONDS RETURNS:  Bonds typically have lower risk and lower returns.  They often expire after a given amount of time and stop paying out any returns.  In a recent study encompassing the years from 1870-2015 the average bond yield was 2.5% annually and were often negative.  While bonds offer some stability, paying about the same amount to investors each month, the cost in lost returns over the long haul is high.

  • STOCK RETURNS:  Considered a liquid asset, meaning they can provide quick cash flow, income from stocks is passive and individual investors have little to no control over the amount of this income.  Stocks do allow for diversification over industries and there is no minimum amount to invest in them. The downside to investing in stocks is that it can take decades for them to produce significant income for investors, unless you are one of the lucky ones to get in on a successful IPO.  In the same report as above, these equities yielded 6.9% average annual return.

  • PRIVATE REAL ESTATE RETURNS:  These investments are considered an illiquid investment that is known for its lower risk and high returns.  In the same study referenced above for bonds, the rate of return for residential real estate yielded a 7.05% annual average return (average CA trust deed offering return is 8-12%).  Real estate is a physical asset that offers many benefits stocks and bonds do not. Profits can be increased through improving the valuation of the property or boosting rental income. Additionally, there is a tax benefit associated with real estate investments.

Historically, real estate investments have been viewed as a safe haven for investments and an opportunity to preserve wealth for generations to come.  It is plain to see why many investors make real estate investments an essential portion of their portfolios.

For those of you interested in investing in real estate for higher returns and live in California, call our office at 707-523-2099 and maybe we can get some business going.  Here at Sun Pacific Mortgage we have been in business since 1988 offering alternative financing for real estate needs. 

Unique Alternative Financing!

November 7, 2019

Unique Alternative Financing

Unable to get a home loan or refinance because you just missed out on qualifying for conventional financing?  Need a FAST loan? We are uniquely qualified to help with our Hard Money Loan Programs: 

– One-of-a-kind Alt-A Hard Money Program with rates as low as *6%.

– Fastest funding within 48 hours.

Hard Money Loan of the Week

A Mortgage Broker called us up, hoping to get quick assistance for his client.  She had been to a few other lending institutions and was starting to worry she couldn’t get a loan, due to some issues with proving income.  

She owned an investment property in Granada Hills of San Fernando Valley and was hoping to use the equity to get a short-term loan of $454,000.  All she wanted to do was consolidate high credit card debt and handle some other bills. 

This wasn’t a problem for us.  Within just 12 days, at a 56% Loan To Value, we had her Hard Money loan financed and money in hand!

If you have any questions or scenarios you would like us to review, call 707-523-2099.  We will quickly show you how to make getting a loan less terrifying. 

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

What Are Buyers Looking for in Homes Today?

November 5, 2019

What Are Buyers Looking For In Homes Today 1

Sellers are always curious about what features will make their home stand out to possible buyers.  Based on a recent survey conducted by realtor.com, Millennials are more interested in a big backyard than air conditioning.  Other findings included:

  • Updated kitchens with new appliances are more important than updated bathrooms.  Most people surveyed ranked updated kitchens in their top three features.
  • Some results were skewed one way or the other dependent on the age of the buyer.  For instance, Millennials, who are just starting families, prefer a larger yard, while the Silent Generation (72 years and older) prefer an updated kitchen.
  • Boomers were more interested in the community around the property, while the Silent Generation wanted to be close to health facilities.
  • Millennials also placed top schools high on their wish list.
  • All groups ranked quality grocery stores near the top of their list.

Millennials had several definite “don’t care about” items on their list:

  • They don’t want “fussy” landscapes.  With family time at a premium, they are looking for easy to maintain outdoor space.
  • This group of buyers enjoy cooking and eating in their kitchen and consider the formal dining room an unnecessary room.
  • Millennials want wide-open spaces inside their home, no more mapped out floor plans. They are looking for multifunctional rooms.
  • Millennials are moving away from carpeting in favor of bare floors with statement rugs.  They consider this type of floor covering pet-friendly and childproof.
  • Since Millennials are more attached to their digital world, a media room with a large TV and even surround sound is more appealing to them than “game rooms”.  

Keeping these surveys in mind before you list may help move your property  faster than your competition.  

Getting Back To Work To Support Our Community

October 30, 2019

Getting Back To Work

Pushing ourselves and others back to work to provide needed services to our community is valuable – and very appreciated we have discovered!   

Things may seem bleak with the Kincade fire, many evacuations and power outages but it’s up to us to create some good.   With a team effort we can strengthen our community. Immense thanks to all First Responders…and many thanks to those who are back in business to service our community despite it all:

To Local Business Heroes – Thank You!

– Golden State Overnight mail delivery services is up and running with an early morning delivery from a happy worker!

– Local company Signs Par Excellence business owner, Michael Flanagan said “I opened this morning because my employees want to work and I know there are customers who are expecting us to deliver.”

– Some places may feel like it’s a ghost town but there are restaurants open for business!  Mary’s Pizza Shack in downtown Santa Rosa was super busy at lunch. Port of Sub on West College was also open and busy serving happy customers. There are places open so get on out and enjoy yummy, hot lunches and dinners!

– Today most of Mendocino Ave businesses & stores are closed.  But not us at Sun Pacific Mortgage!  We’re working to complete loan transactions by end of month for all the Borrowers & Buyers who still hope to close on a new home or loan!

If we can be of service with our fast Hard Money loan programs, just call us at 707-523-2099.  We’re here to help.

What Happened With San Francisco and the Peninsula Real Estate?

October 28, 2019

What Happened With San Francisco And The Peninsula Real Estate

According to one of the recent reports on the real estate market in San Francisco, the average sale price in September for a single-family home was $2,091,655, an increase of $251,312 over August.  The average days on the market was 28. The inventory of properties for sale in San Francisco as of October 5, 2019 was 1174. This number included 317 single-family, 666 condos, and the balance multi-unit properties.  

There was a total of 354 properties sold in September and an inventory of 3 months remaining. This figure represents a strong Seller’s market, which has been the reality for many months.  Of the 317 homes sold in September, 25 homes sold below asking price, 6 homes sold for asking price, and 91 homes sold for over asking price.

On the Peninsula, the average days on the market ranged from 14-33 days, with San Carlos at 14 days and Menlo Park at 33 days.  In every city the September sales price exceeded the asking sales price for 1%-5%. Foster City, Belmont and Burlingame sold for 1% over asking and San Carlos sold for 5% over asking.  

The market continues to look strong despite the daily “gloom-and-doom” messages we receive regarding the economy’s future.  The indicators of a resilient real estate market should encourage sellers and buyers to pursue their investments with the confidence since at least this segment of the economy seems to be holding steady.

If you are looking for financing for your real estate investments, give Sun Pacific Mortgage a call at 707-523-2099 to discuss your situation.  For more than 3 decades we have given hope to many who could not quite qualify for conventional loans, providing alternative financing with our Hard Money loan programs. 

Recently Funded – Scary Good!

October 22, 2019

Recently Funded – Scary Good

Getting approval for a home loan or refinance does not have to be painful – or scary!

With our new Alt-A Hard Money program, you can get rates as low as *6%, fast approvals and many loans funded in less than 1 week.

If you or a client is trying to get a loan, give us a call at 707-523-2099 and we will show you how getting a home loan can be less scary!

Recently Funded Through Our Office:

Location:  Santa Rosa, Sonoma County
Loan Size: $882,500 with 61% LTV
Days To Finish: 17
Program: Non-Owner Purchase
Scenario: Was looking for a stronger purchase offer, with short closing date and no loan contingency, which we could offer.

Location:  Covina, Los Angeles County
Loan Size: $455,000 with 62% LTV
Days To Finish: 11
Program: Primary Residence Temporary Refinance
Scenario:  Borrower had poor credit and wanted to consolidate debt on high rate credit cards and some other overdue bills.

Location:  Vallejo, Solano County
Loan Size: $560,000 with 70% LTV
Days To Finish: 15
Program: Non-Owner Occupied Business Purpose Refinance
Scenario: Difficult to prove income.  Looking for cash-out to get capital for business.

Location:  LA, Los Angeles County
Loan Size: $382,000 with 61% LTV
Days To Finish: 18
Program: Primary Residence Temporary Refinance
Scenario: Other Lending institution was unable to carry through on prior loan approval so got turned down at the last minute due to question about debt to income ratio.  

Do Home Loans Have To Be So Painful?

October 22, 2019

Do Home Loans Have To Be So Painful

If it’s the American Dream to own one’s own home, then why is it made so difficult for so many to achieve?  And does it have to be that difficult? 

One California broker has recently taken a good look and come up with a new way to open more doors.  It’s a key designed to work from both sides of the lock: the security of bank loans and the risks of private money.  

In the case of banks and other traditional lenders, requirements are so rigid it’s virtually impossible to get a home loan unless one has perfect credit or the time to fill out a football field of forms.  Financing can take from 2 to 5 months and offers can be rejected simply because sellers are aware of this fact.  

In the case of private lenders, hard money loans are based directly on real estate equity: “You got the property; you get the money!”. But rates can run as high as three times a conventional 30-year mortgage.  

Moreover, many private lenders issue too few mortgage loans to be closely watched by state and federal oversight.  Fraud is not uncommon. Borrowers must put integrity first in their selection of broker, while investors must absorb the risk of borrowers rejected by banks… which still leaves the big question: bank money security or hard money risk?

But what if you could find middle ground?  If a client falls just short of qualification for conventional or traditional financing (Fannie Mae, FHA, Portfolio lending, etc.), there is now a new hard money program on the market offering lower rates as low as 6 percent. It is called the Alt-A Hard Money Loan program and it is offered by Sun Pacific Mortgage & Real Estate of Santa Rosa, California.

Since opening its doors in 1988, Sun Pacific Mortgage & Real Estate has proven trustworthy to over 10,000 borrowers.  It is a trust that has seen the company rise from last-minute solution to first preferred choice for many California professionals seeking superior rates and reliability for their clients.  

No Need To Be Frightened… We Can Get You That Loan!

October 17, 2019

No Need To Be Frightened We Can Get You That Loan

Don’t be frightened if you or a client just missed out on qualifying for conventional financing.  We can help with our Hard Money loan programs: 

– Backed by over 3 decades of trust!

– Fastest funding within 48 hours!

– Unique Alt-A Hard Money Program with rates as low as *6%!

Loan of the Week

A past borrower reached out to us, in need of a very fast loan so he could get some capital for his business.  He wanted to pull cash out of an investment property he owned free & clear in Napa County. 

At a 54% loan to value, we were able to get him his desired loan amount of $500,000 in just 6 days! Needless to say, he was no longer frightened of losing out on his business transaction and was very happy. 

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

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

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