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We Fund Them BIG

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*

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

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!

Recently Funded – Make Your New Year Awesome!

Img 5A60Dfb0D145F Make Your New Year Awesome!

Make Your New Year Awesome!

Img 5A60Dfbd4B26A Make Your New Year Awesome!

“You really helped us out. Our deal was complicated, but Broker at Sun Pacific was able to hit all the moving targets. Several times I called him with questions and he took the time to go over all the details with me. The whole transaction was much better than our usual experience.” Borrower, Tim R.

We have just 2 main qualifications for our hard money loans:


● Decent existing equity or at least 25% down payment.

● An ability to repay the loan (source of income).


We are here to help you make this year awesome!  Call us today at 707-523-2099.


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

Recently Funded By Us:

Img 5A60Dfd623B6C Make Your New Year Awesome!

 

Img 5A60Dfe2E1D09 Make Your New Year Awesome!

Img 5A60Dff1426D7 Make Your New Year Awesome!

Img 5A60Dfff8F4Be Make Your New Year Awesome!

Celebrating 30 Years in Business!

Anniversary Your Hard Money Lender Serving The Bay Area And All Of California Since 1988. We Are Proud To Have Helped Thousands Of Home Buyers, Real Estate Agents, And Other Lenders With Our Loan Programs!

Congratulations To Sun Pacific Mortgage For 30 Years in Business!

Your Hard Money Lender serving the Bay Area and all of California since 1988. We are proud to have helped thousands of Home Buyers, Real Estate Agents, and other Lenders with our loan programs!

Call us at 707-523-2099 and find out how we can help you, your Home Buyer or Home Seller.

Is This Your Year To Take The Plunge?

1 Among The Many Predictions Promoted At The Beginning Of Each Year, Are The Ones Related To The Real Estate Market.  2018 Is No Exception, And The Ones Emerging Are Both Encouraging And Hopeful.  According To The Prognosticators,  The Bay Area Can Look Forward To A Year Of Moderate Gains In Home Prices And Rising Inventory Levels.  

Among the many predictions promoted at the beginning of each year, are the ones related to the real estate market.  2018 is no exception, and the ones emerging are both encouraging and hopeful.  According to the prognosticators,  the Bay Area can look forward to a year of moderate gains in home prices and rising inventory levels.  

Javier Vivas, director of economic research for realtor.com, predicts a home price increase of 3.2% this year, less than last year’s 5.5% increase year-over-year.  He sees the San Francisco market losing steam, perhaps a good thing for those who have been waiting in the wings for the frenzy to subside.

An inventory shortage has hampered the housing market since 2015, largely because new home construction was stalled.  The National Association of Home Builders chief economist, Robert Dietz, predicts an expansion of the construction industry in 2018 and beyond.  He expects it will happen slowly thanks to a limited labor market, scarce land availability, tight bank financing, and increasing costs of building materials.  But there is light at the end of the tunnel as builder confidence registers its highest level since 1999.

If you are hoping to become a new homeowner in 2018,  or if you are a  lender/realtor wishing to help a client get into a home, please give us a call.  We have made homeownership happen for thousands of clients over the past 30 years, and we look forward to making it happen for you with a Hard Money Loan in 2018!

The Comeback of Multigenerational Housing

1 During The Last Decade The Real Estate Market Has Seen A Phenomenon That It Has Not Experienced Since The 1950S…A Significant Increase In Multigenerational Homes.  According To A Recent Study,  About 21% Or 32 Million Americans Share A Roof With Their Grown Children Or Parents.  A Report By The National Association Of Realtors (Nar)  States That 13% Of Home Buyers Purchased Mutigenerational Homes Last Year.  

During the last decade the real estate market has seen a phenomenon that it has not experienced since the 1950s…a significant increase in multigenerational homes.  According to a recent study,  about 21% or 32 million Americans share a roof with their grown children or parents.  A report by the National Association of Realtors (NAR)  states that 13% of home buyers purchased mutigenerational homes last year.  

There are several reasons prompting  buyers to invest in this type of housing.  Among them are:

  • They are looking for ways to care for aging parents (22%, up from 19% last year)
  • Cost saving (17%)
  • Children over 18 moving back home while they attend school or save for a down payment (16%, up from 14% last year)

This shift may also be a result of some social changes over the past several years.  The growth of racial and ethnic diversity in the U.S. explains some of this housing picture. Statistics indicate that the majority of the shared housing falls into these groups:

  • Asians (28%)
  • Hispanics (25%)
  • African-Americans (25%)
  • U.S. whites (15%)

The bottom line reads like this:  Multigenerational households are making a dramatic comeback.  At a time when housing prices continue to rise and housing inventory is at an all time low, this shift from the nuclear home offers a solution to many families today.

If you need financial assistance in purchasing your next home, and you do not qualify for a conventional loan, give us a call at 707-523-2099  We can help get you into the home that works for your family’s needs.

Superheroes Fund Not-Normal Loans

Got Superheros Both Broker And Broker When You Need A Fast Response And Faster Home Loan, We Are Here For You!  We Are Known For Our Ability To Provide Speedy Financing For Your Real Estate Needs.  

When you need a fast response and faster home loan, we are here for you!  We are known for our ability to provide speedy financing for your real estate needs.  

Known as Hard Money, these loans might enable you to bring that superhero offer to a Seller or to be the superhero Agent for your Home Buyer client.

We stand ready to help you, a client or someone you know with our “not-normal” loan programs! Call us today at 707-523-2099.

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

 

Recently Funded Not-Normal Loans:

 

Santa Rosa, California (Sonoma County)
Loan Amount: $568,000
Loan Program: Bridge loan
Loan To Value: 78%
Days To Fund: 12 days
Why Turned Down Elsewhere: Needed a fast loan

 

Orangevale, California (Sacramento County)
Loan Amount: $395,000
Loan Program: Owner Occupied Business Purpose
Loan To Value: 65%
Days To Fund: 19 days
Why Turned Down Elsewhere: Bankruptcy

 

South Lake Tahoe, California (El Dorado County)
Loan Amount: $311,000
Loan Program: Owner Occupied Temporary
Loan To Value: 64%
Days To Fund: 14 days
Why Turned Down Elsewhere: Property condition

 

Santa Rosa, California (Sonoma County)
Loan Amount: $460,000
Loan Program: Investment Property Purchase
Loan To Value: 60%
Days To Fund: 8 days
Why Turned Down Elsewhere: FICO issues

 

Vallejo, California (Solano County)
Loan Amount: $420,000
Loan Program: Investment Property Refinance
Loan To Value: 56%
Days To Fund: 24 days
Why Turned Down Elsewhere: Short sale

Arbitraries in Hard Money Lending

Office Staff Pic On January 11, 2018 Our Office Will Celebrate Having Done Loans For 30 Years.  We Have Personally Done And/Or Supervised Thousands And Thousands Of Loans.  We Have Almost Seen It All.  Not Too Much Surprises Us Anymore.

Arbitraries in Hard Money Lending

On January 11, 2018 our office will celebrate having done loans for 30 years.  We have personally done and/or supervised thousands and thousands of loans.  We have almost seen it all.  Not too much surprises us anymore.

So, what does the word arbitrary mean?  The dictionary states “based on random choice or personal whim, rather than any reason or system”.

The loans made through my office in the last 6 years, (since the “recession”) regardless of the credit, regardless of the income and regardless of the location, because the property has equity, have not been foreclosed upon in any significant number.  Foreclosures have been started (this is your remedy for non-payment), but only 2 have gone to the Court House steps.  Those 2 had equity and the lender got all his money and more.

The arbitraries on underwriting a loan are credit, income and location, but as Hard Money Lenders our main concern is equity.

During the recent recession there were foreclosures in great number and EVERYONE was hit –  from the 30 year fixed rate borrowers to the hard money borrowers.  Values plummeted.  During that period it was not credit or income that drove the foreclosure market, but plummeting equity.

So, in the main, we are looking for a loan approval by an individual, who serves as underwriter in their capacity as lender.  This approval process ranges from an investor giving a very quick, “I’ll do that loan.  When can I fund?” to the investor who has a list of conditions regarding credit, income and/or the property as long as your arm.  Many investors settle for the middle ground, simply wanting clarifications on the loan application or about the property.

The underwriting of a Hard Money loan should mainly involve the equity in the home, whether a purchase or refinance.  That is statistically what matters.  This is a fact borne out of the numbers, just from my office, regarding Hard Money in the last 6 years and from 30 years’ experience with every type of loan available.

My hope is that this “blog” will make the process a bit simpler for you as the investor, and make it easier for you to get your money out there faster because you did not have to pour over the credit or the income.

 

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