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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.

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

Are You Ready To Spring Into Some Real Estate Action?

May 1, 2017

Re 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.  I’m Sure We All Want To 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.  I’m sure we all want to be ready for the opportunities that lie ahead.  

One of the available options that allow us to pounce on any real estate prospect that pops up is a Hard Money Loan.  Because these loans can be wrapped up in as little as 2 weeks and are often considered as “cash offers”, Hard Money loans offer the flexibility and speed that is needed in a swiftly moving market.  

Sun Pacific Mortgage & Real Estate has been in the business of Hard Money Loans in California for more than 29 years.  We have a proven record of supporting and executing transactions that looked doomed, needed some fast financing or just wanted the purchase offer to be stronger.

Give us at 707-523-2099 call to find out how we can help you or someone you know!

Temporary Purchase Loan in San Francisco

April 27, 2017

Sf These Particular Home Buyers Were Referred To Me After Being Turned Down By Their Local Bank.  They Were Just About To Sign The Closing Papers At Escrow For Their New Home,  But Final Loan Approval Fell Through.  They Needed A Fast Bridge Loan So They Wouldn’t Miss Out On The New House They Wanted!

These particular home buyers were referred to me after being turned down by their local bank.  They were just about to sign the closing papers at Escrow for their new home,  but final loan approval fell through.  They needed a fast bridge loan so they wouldn’t miss out on the new house they wanted!

They still lived in their house in San Francisco,  but wanted to move to a new home in a different San Francisco neighborhood and needed a $430,000 temporary home loan to make this happen. We were happy to make this happen for them.

In just over 2 weeks, I got their loan approved and funded so they could sign and close on their new home.

We specialize in financing loans that have been turned down elsewhere.  Any credit issues, difficult to prove income, property condition, etc. – not a problem!

Call our office at 707-523-2099 if you need some alternative financing for any real estate purchase or refinance.  We are happy to help!

Visit our San Francisco website at: http://www.sanfranciscohardmoneylenders.com/

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