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Bridge Loans – Fast & Strong!

April 5, 2018

April A Mortgage Broker Called From Socal And Needed A Rapid Bridge Loan For His Homebuyer.

A Mortgage Broker called from SoCal and needed a rapid Bridge loan for his Homebuyer.

This client wanted to do an owner-occupied Bridge loan purchase in Laguna Niguel, California.  There were so many offers on the new house he was looking to buy, prior to selling his current home, he needed a very fast close.

This is where we excel with our Hard Money Programs.  We approved and funded his $440,000 loan in just 10 days!

We work with many loan Brokers. Realtors and Borrowers.  In today’s type of market, with multiple offers, our Hard Money Programs can be quite beneficial.

Email us back or call today (707) 523-2099 with your questions or scenarios.

Partnering With Other Brokers

April 3, 2018

Image1 2 Brokers Who Partner With Us Are Able To Expand The Services Available To Their Clients With Little Or No Effort On Their Part.  We Do All The Heavy Lifting.

Brokers who partner with us are able to expand the services available to their clients with little or no effort on their part.  We do all the heavy lifting.

As a Hard Money mortgage broker who has been in business for 30 years, we have developed a comprehensive and effective program dealing with our broker-partners.  We give you no reason to fear that we will steal your client. Providing regular communications and smooth funding to you and your borrower during the lending process, helps to cement your relationship with them.

We offer a wide variety of Hard Money financing options – purchases and refinances for Owner Occupied, Non-owner Occupied, Land and Commercial.

Give us a call at 707-523-2099 to discuss how we can partner with you to help expand your business.

Thinking Of Retiring Or Downsizing?

March 27, 2018

Spring 2 These Days It Appears That Many More Baby Boomers Are Reaching The Age Of Retirement, And Asking Themselves The Big Question: “To Move Or Not To Move?”  There Are Arguments To Be Made On Both Sides. With Low Availability Inventory For Smaller Scale Homes, Some Retirees Have Begun To Evaluate Their Present Home’s Ability To Meet Their Retirement Needs.  

These days it appears that many more baby boomers are reaching the age of retirement, and asking themselves the big question: “To move or not to move?”  There are arguments to be made on both sides. With low availability inventory for smaller scale homes, some retirees have begun to evaluate their present home’s ability to meet their retirement needs.  

Some of the more pertinent factors potential retirees will want to consider before making this major decision include the following:

  • AFFORDABILITY:  Consider the monthly costs, especially property taxes which can consume a large portion of the new budget.  Depending on where you move, you may or may not lose your Prop 13 benefit. In any event, you will still have insurance, utilities, and possibly HOA dues.  You might determine that paying for help to maintain you present home or to make mobility adjustments to your home, would be more affordable than actually moving.
  • EQUITY:  You may be able to tap into the equity in your present home, which would allow you to remodel your home making it “retirement friendly”.  Alternatively, if you opt to sell, the equity you have gained over the years may be enough to purchase your new home with little or no mortgage.
  • MAINTENANCE:  Do you want to continue doing all the chores your home requires as you age, or would paying an HOA to take care of those necessities offer you a welcomed relief?
  • SECURITY:  There can be a great sense of security living in a community with a gate house or resident-only access.  Any way you look at it, having an extra pair of eyes looking out for you always leads to peace of mind.
  • PETS:  Renting with a pet presents problems in today’s market. You will want to consider all the issues related to your pet’s safety and happiness when contemplating a move with your furry friend.
  • MOBILITY:  As much as no one wants to think of themselves dependent on a walker or wheelchair in the future, it should be a necessary consideration when planning ahead.
  • CONVENIENCE:  Some of the factors that will influence your decision will probably include proximity to hospitals/doctors, shopping, dining, and most importantly, grandchildren.


If your plans require alternative financing then knowing a Hard Money Lender could help make your plans a reality.  We at Sun Pacific Mortgage are here to work our magic for you! Please give us a call at 707-523-2099 to explore our program options.

Luck Of The Irish – Hard Money

March 22, 2018

Hulk Leprechaun The Below Home Buyers Feel Very Lucky To Have Worked With Us:

Call the Guys in the White Hats – They have the Luck of the Irish
Hard Money Loans are the Pot of Gold at the End of the Rainbow

The below Home Buyers feel very lucky to have worked with us:

“Broker and Broker are stable and reliable lenders who will always go the extra mile to ensure that you get the best possible value of service from their company while still adding the flair of fun into the mix!” C.C.

“I was literally crying tears of joy for an hour straight. So excited to get back on track! None of this would have been possible without Sun Pacific’s help and genuine concern. We truly cannot thank you enough!” C.S.

“The entire family and staff at Sun Pacific Mortgage are the best hands down.  They are honest, direct, professional, quick, efficient and realistic.  We were able to move into a home of our dreams because God allowed us to come across this awesome business!  It’s like when everyone else seemed to be against, us, Sun Pacific found a way to make things happen.  We cannot thank them enough!” L.W.

Email us back or Call Us at 707-523-2099 with your scenarios or questions!

California’s State of the Real Estate Market

March 20, 2018

Image1 2 The California Association Of Realtors (Car) Recently Published A Report On “The State Of The Real Estate Market”.  Some Of The More Interesting Facts Included The Following:

The California Association of Realtors (CAR) recently published a report on “The State of the Real Estate Market”.  Some of the more interesting facts included the following:

  • Price per square foot was $257, down 3.3% from December, but up 5.9% YTD
  • Inventory at the lowest level since June 2004 with supply constraints crossing all price ranges (no surprise there!)
  • Home prices started picking up in the second half of 2017
  • California median home prices continued to grow at a fast pace with January 2018 median home price at $547,800, representing an increase of +7.3% over the same period last year.

What does 2018 hold for real estate in California?  All signs point to a continued healthy market with inventory a persistent problem.  In some cases, the issues that arise from this stumbling block can be mitigated by a bridge loan.  In this instance, if a buyer finds the home of his/her dreams, but hasn’t yet listed their own home, our bridge loan program can provide the temporary funds necessary to secure the new home before selling their existing property.  When their property sells, they can pay off the bridge loan and live happily ever after in their new home.

If you or someone you know needs help getting into the market or is looking to refinance their property, Sun Pacific Mortgage is here to assist with our Hard Money loan programs.

We have found financing for many who have been turned down elsewhere.  Give us a call!

Hard Money – The Short Story

March 7, 2018

Fk What Is Hard Money? A Category Of Real Estate Loan Program, Usually Short Term, Fast And Used To Handle Whatever The Problem Was In The Profile Of The Borrower Or Property. The Problems Could Be Credit, Income, The Property Itself And/Or Simply The Need For Speed.

What is hard money? A category of real estate loan program, usually short term, fast and used to handle whatever the problem was in the profile of the Borrower or property. The problems could be credit, income, the property itself and/or simply the need for speed.

Hard Money is not money from a bank. The funds are from individuals that lend to make way more interest than they would otherwise. We have over 450 “investors” with money to lend.

Investors are mostly interested in the equity in the property which serves as the security for the loan. Most do not care about the credit score or how the borrower makes income.
Therefore the 2 qualifications for a Hard Money loan are….

1. Equity or decent down payment.

2. Ability to repay the loan.
Jpeg 1 What Is Hard Money? A Category Of Real Estate Loan Program, Usually Short Term, Fast And Used To Handle Whatever The Problem Was In The Profile Of The Borrower Or Property. The Problems Could Be Credit, Income, The Property Itself And/Or Simply The Need For Speed.

 

Why Hard Money? – SPEED…… We did a loan for a couple who purchased right after the fires in October 2017. Their house burned down and they wanted to move quickly as they were displaced. Their credit was perfect, excellent incomes and a large down payment but did not want to wait to get a bank loan.

They also knew that an offer with a short escrow would be more attractive to a seller. Their Realtor offered a fair price and a 9-day close. This offer was chosen out of the many that were received!

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

We Fund BIG Loans!

March 1, 2018

Jpeg Here At Sun Pacific Mortgage, We Offer Hard Money Financing For Jumbo Size Loans And Larger.  We Have Qualifications That Are More Forgiving Than Conventional And Traditional Loan Programs.

Here at Sun Pacific Mortgage, we offer Hard Money financing for Jumbo size loans and larger.  We have qualifications that are more forgiving than conventional and traditional loan programs.

Recently Funded Hard Money Jumbo Loan

$770,000 – Redwood City in San Mateo County

68% Loan to value

16 days to close

Our type of financing programs is the answer for those who need fast financing, have irregular income, property condition is poor so does not qualify for regular financing or have tarnished credit.  These are not issues with us!

We have seen it all, having been in business for 30 years now.  We can usually make the seemingly impossible, possible!

Call Us today at 707-523-2099 and see how we can help you or a client.

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

We Fund Them BIG

February 22, 2018

Promo4Guyshat2 Only Two Main Qualifications For Our Hard Money Loans:

Only two main qualifications for our Hard Money Loans:

1. Equity or a decent down payment.

2. An ability to repay the loan.

 

RECENTLY FUNDED BY US

NOTE: We can finance up to 75% Loan to Value, case by case basis.

Single Family Houses, Condos, Principal Residences

$700,000 – Sonoma in Sonoma County, California
Non-Owner 2nd
3 Years Interest Only
8 days to Fund!

$1,050,000 – San Juan Capistrano in Orange County, California
Owner Occupied Temporary
12 Months Interest Only
15 Days to Fund!

$462,000 – San Leandro in Alameda County, California
Owner Occupied Business Purpose Refinance
12 Months Interest Only
9 Days to Fund!

 

Multi-Family Units, Commerical, Office & Land

$540,000 – Petaluma in Sonoma County, California
Non-Owner Purchase
2 Year Interest Only
17 Days to Fund!

$878,000 – Orange in Santa Ana County, California
Non-Owner Refinance
12 Months Interest Only
12 Days to Fund!

$780,000 – Pomona in San Bernardino County, California
Non-Owner Refinance
12 Months Interest Only
22 Days to Fund

 

Big Loan Funded Fast *WE LIKE BIG*

February 8, 2018

Image3 A Realtor Called With A Property Refinance In Santa Clara That He Needed Help On:  His Home Buyer Needed A $770K First Mortgage For 2 Years - And He Needed It Real Quick As Escrow Was Supposed To Close Soon On His Purchase Of A Multi-Family Property.

A Realtor called with a property refinance in Santa Clara that he needed help on:  His Home Buyer needed a $770k first mortgage for 2 years – and he needed it real quick as Escrow was supposed to close soon on his purchase of a multi-family property.

The phone call came in on January 3rd and by January 22nd the Home Buyer was a new Home Owner with keys in hand!

We work with many loan Brokers and Realtors, in addition to directly with Borrowers.  Hard Money loans have speed and agility.  In this type of market, with multiple offers, our Hard Money Programs can be quite beneficial.

Email us back or call today (707) 523-2099 with any questions or scenarios.

We Like BIG Loans

January 31, 2018

Jpeg A Long-Time Lender Reached Out To Us As He Had A Borrower Who Needed A Fast Loan, By Month’s End, Which Was Less Than 2 Weeks Away.   We Knew We Could Get This Big Loan Funded With Our Hard Money.

Fast Santa Rosa, Sonoma County
Loan of the Month

A long-time Lender reached out to us as he had a borrower who needed a fast loan, by month’s end, which was less than 2 weeks away.   We knew we could get this Big Loan funded with our Hard Money.

This Borrower was looking for a Super Jumbo Loan of $700k, using his business property in Santa Rosa as collateral.  He needed some capital for an important investment and decided to use the large amount of equity in his real estate to get a loan.  But he had a short amount of time to accomplish this and that’s where we came in!

Within 8 days we had an appreciative Broker with a very happy Borrower.

Call us at 707-523-2099 and find out how we can help you, a friend or Home Buyer/Home Seller with our Hard Money Loans!

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