Hard money (aka. Private Mortgages) is essential in California’s top county real estate markets – such as Sonoma, Marin, Santa Cruz, San Luis Obispo and others – for several powerful reasons.

We know our real estate market has always been fast paced and competitive, making the cumbersome approval process and strenuous qualifying demands from lenders a serious stumbling block for many a borrower. A number of these qualifying problems can be solved for buyers & borrowers, with a private money loan to finance their property investments – be it a purchase or refinance.

Hard money allows far more flexibility than other conventional types of financing without the hassles of institutional lending. It allows for quick access to capital so that investors can secure opportunities and address time-sensitive projects without the nail-biting associated with conventional lending.

Additionally, private money lending is a viable option for borrowers who may not meet the strict criteria of conventional lenders. Because borrowers may access this type of loan for different real estate purposes, e.g., owner-occupied residential, commercial real estate, and land opportunities, they can benefit from the flexibility and speed of a private mortgage making it a significant element in California’s real estate market.

When you need cash but don’t have the savings, there are some solutions to still getting the extra money you want. You can use a credit card, take out a personal loan, or even borrow from a friend or family member. If you’re a homeowner, you have yet another option: a cash-out refinance. With a cash-out refinance, you can turn your home’s equity into cash, using it for any expense or bill you might need.

With the impressive equity gain most homeowners have experienced over the past couple of years, more people are opting to access their newly acquired wealth to fund home improvements or business ventures.

With a cash-out refinance, you take out a new mortgage loan with a higher balance than your current one. Then, that new loan is used to pay off the old one, replacing it entirely. The difference between the new loan amount and your old mortgage balance is given to you in cash. There is an additional bonus when you itemize your returns on your income tax filing because you can write off the interest you pay on the cash-out refinancing.

If a cash-out mortgage is an option for you and could help with your present financial endeavors, consider a privately funded loan from Sun Pacific Mortgage. We offer mortgage loans to borrowers who have been turned down by conventional lenders but would like to access their equity.

You can find us at www.sunpacificmortgage.com or call us at 707-523-2099.

Make this month less stressful for yourself, by taking advantage of our FAST Private Money Loan Programs – just as was done below

Recently Funded

Program: Owner-Occupied Refinance for Business Purpose
Loan Size: $825,000
Loan to value: 55%
Location: San Jose, CA
Why Come To Us: Wasn’t fully completed with construction of an investment property so wanted to refinance with cash out so could optimize his return on investment.

Program: Primary Residence Purchase
Loan Size: $916,000
Loan to value: 55%
Location: Contra Costa, CA
Why Come To Us: Difficult to prove income as self employed.

Program: Rental Property Refinance/Cash-Out
Loan Size: $500,000
Loan to value: 52%
Location: Sebastopol, CA
Why Come To Us: Needed fast financing to buy out a family member on an inherited home.

Need a sigh of re-leaf and don’t know where else to turn to? Give us a call at 707-523-2099 or visit our website www.sunpacificmortgage.com with any questions or scenarios.  We’ll quickly answer with what we can do to help!