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Loan of The Week – It Takes A Village

Loan Of The Week – It Takes A Village

Hard Money Saves The Day.

A busy Mortgage Lender contacted us to help rescue a distressed client who was trying to do a refinance on her house in Marin County.  She needed some additional capital for her business but was unable to get a conventional loan due to being self-employed with difficult-to-prove income.

In less than 2 weeks, our Hard Money program allowed us to do the desired $500K loan against her property that she owned free & clear!

This provided her with enough cash to do debt consolidation with her business and some needed improvements to her commercial office. Both referring Mortgage Lender and Borrower were very happy.

Call us at 707-523-2099 with your scenarios. We work with many Real Estate and Mortgage Brokers, helping Buyers and Borrowers get that all-mighty big green hard money loan they are looking for!

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

End Frustration With BIG Green Hard Money Loans!

End Frustration With Big Green Hard Money Loans

 

We can help you stop the frustration due those big loans not getting approved.  Let us help by getting you a BIG Green Hard Money Loan!

Make us your first and favorite Hard Money Lender.  Call us today at 707-523-2099 with any scenario.  We’ll let you know quickly how we can help!

 

Big Loans We Recently Funded

We Finance Despite Credit Issues, Property Condition &

Difficult-To-Prove-Income. And we offer FAST Financing!

$460,000 – Temporary Property Purchase Loan
Windsor, Sonoma County
15 Days To Complete
Needed fast cash for quick purchase offer

$400,000 – Commercial Property Refinance
Nipomo, San Luis Obispo County
25 Days To Complete
Divorce circumstances adversely affected credit score

$734,500 – Business Purpose Refinance
Milpitas, Santa Clara County
23 Days To Complete
Had Difficult to prove income

$540,000 – Investment Property Purchase
Cloverdale, Sonoma County
13 Days To Complete
Owned “too many” properties so needed our program.

Production Is The Basis Of Morale

Sun Pacific Mortgage Real Estate

Hopefully this will remind you too, that bad news can stop you in your tracks. And this can’t be good for your business!

Sorry, we are going down memory lane…our kids house burnt down in the October 2017 fires here in Santa Rosa. We have been looking back on how we weathered that event, when local businesses and production went on a sudden standstill. But there were those home town heroes who jumped right into production and started helping.

This past Sunday we drove Coffee Park and were amazed at the action going on there!

It reminded us that bad news stops you in your tracks. The mind thinks, “why bother, all is so bad….”.

The cure for that is out-creating “the norm” and producing – like the workers are doing all over Coffee Park and Fountain Grove! You immediately feel better and want to help.

 

To Our Home Town Heroes – Thank You!!

 

We know that getting back to work and producing makes one feel better. Here are some examples of local heroes who are doing just this, out-creating any imagined “miserableness” of conditions:

 All throughout Coffee Park are rebuilt houses newly occupied, houses being built by-the-dozen with workers working (on a Sunday!). Neighbors outside and helping or talking to each other. It was great to see!

 Driving around on Saturday revealed so many open houses, street corner after street corner with Open House signs. A lot of Realtors working over the weekend to show the multitudes of houses for sale!

 Tight teamwork being done between professionals: A Realtor, Insurance agent and ourselves as the Hard Money lender to get fire-survivors a fast loan. They wanted to make a strong offer to buy a new home right away, while their lot was being sold as they were done with renting.

Don’t hesitate to call us at 707-523-2099 or email us back with any questions or scenarios. We are working every day to keep getting loans funded and escrows closed fast!

 

Best, Lynn & Owner – Owners of Sun Pacific Mortgage

PS: Our kids, Broker and Loan Originator, got their foundation rebuilt and the framing has begun. Hopefully by end of year they will have a new home. Exciting!

We Have BIG Green Hard Money Loans!

We Have Big Green Hard Money Loans!

A local Realtor referred his Home Buyers to us because they were having difficulty getting loan approval elsewhere.

They had found a dream home they had to have, and they were able to come up with a decent down payment.  However, they were combining households and their debts did not qualify them for a 30-year jumbo fixed rate bank loan. This is where we came in with our BIG Green Hard Money loan programs!

We quickly got their loan approved and were able to finance a short-term home loan of $555,000 – all before their closing date.

Call us at 707-523-2099 or email us back with your scenarios. We work with many Real Estate and Mortgage Brokers, helping Buyers and Borrowers get the loan they need!

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

New Year Resolution 2 – Accomplished!

We Accomplished Our 2nd New Year Resolution… We Are Even MORE AWESOME Than Last Year!

New Year Resolution 2 – Accomplished

We can get that BIG loan funded FAST with our Hard Money programs!

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

No Need To Be Furious or Angry. We Can Get That BIG Loan Done FAST!

We Can Get That Big Loan Done Fast

Furious or angry about that big loan not getting approved? Don’t be! Our Hard Money lending programs can finance big loans fast.

Make us your first and favorite Hard Money Lender!  Call us today at 707-523-2099 with any questions or scenarios.

 

APPROVED & FUNDED WITH HARD MONEY:

We Finance Despite Credit Issues, Property Condition &

Difficult-To-Prove-Income. And we offer FAST Financing!

$625,000 – Non-Owner Refinance
Pacoima, Los Angeles County
56% Loan to value
Referred by a Mortgage Broker

$500,000 – Non-Owner Property Cash-Out
Saint Helena, Napa County
54% Loan to value
6 Days to Fund

$839,000 – Temporary Refinance
Temecula, Riverside County
64% Loan to value
Referred by a Mortgage Broker

$344,000 – Investment Property Purchase
Seaside, Monterey County
75% Loan to value
14 Days to Fund

A Denied Loan Making You Furious?!

A Denied Loan Making You Furious

No need to get furious because of a denied loan. Get loan approval and fast financing using our Hard Money loan programs!

A Real Estate Agent reached out to us in hopes of saving his Buyer’s purchase.  At the last moment the Lender was unable to get final Underwriter approval and Escrow was supposed to close in less than 2 weeks.

We got right to work and had approval for a short-term refinance on the Buyer’s investment property in Santa Clara for $770,000.  This gave the Buyer enough cash to close Escrow on time and purchase the new property he was hoping to get!

Call today (707) 523-2099 with any questions or scenarios you have. We are here to help get that loan approved and funded!

Is a Jumbo Hard Money Loan Your Real Estate Answer?

Is A Jumbo Hard Money Loan Your Real Estate Answer

Many California buyers today face the harsh reality of jumbo loan shopping.  Real estate prices what they are, larger loans are often the only option if you plan to purchase or refinance.  In California a loan is considered “jumbo” when it exceeds $726,525. (For a single-family home in other parts of the country it is $484,350.)  

But what if you have less than ideal credit, or have other issues that prohibit financing through conventional sources?  That is the time to turn to a Hard Money lender, more specifically, Sun Pacific Mortgage. We have been in business for over 30 years now and are still family owned & operated.

A Borrower may go through the approval process with a conventional residential mortgage lender and discover the lender is not able to perform in Escrow.  As a Hard Money lender, we can secure their funding for purchases or refinancing, whether the transaction involves an owner occupied or rental property. We provide fast approval and funding, which will prevent the borrower from losing the property they have a contract on.

Other reasons clients come to us for help, may be because they need a quick bridge loan for a primary residence purchase, or they are self-employed and have difficulty proving income.  Sometimes our clients have had a recent loan modification, foreclosure, short sale or bankruptcy. Whatever the issues that have prevented them for obtaining conventional financing, we are usually able to come to their rescue with a Hard Money loan, regardless of the amount.

If you can prove you are able to pay back the loan and have enough equity in the property or have a decent down payment, a Hard Money loan is a viable answer to your real estate financing requirements.  We are available to answer your questions or consider your scenarios. Give us a call today at 707-523-2099!

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