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Heroes Among Us

Heroes Among Us – Production Is The Basis Of MoraleJpeg ● To The Many Men And Women Firefighters And Police From Multiple Counties As Well As Armed Forces Who Have Come To Sonoma County To Selflessly Help Fight These Wildfires.

We are back at work full time to help get the job done.  We know that getting back to work and producing makes one feel better.  Must admit, this has all been difficult!  We were struck by tragedy, (Broker-top producer and Loan Originator -head of Marketing lost their home to the fire).  Nothing was open for business and then we were evacuated from our home.  We needed some Heroes!
Here are some of our personal heroes who helped us get it together:

● To the many men and women firefighters and police from multiple counties as well as armed forces who have come to Sonoma County to selflessly help fight these wildfires.

● Monday evening there was no place to eat, all the restaurants were closed. We found Outback Steakhouse in Rohnert Park open with just 1 waiter who had decided to come in on his day off and help serve those he knew would be in need.  He was smiling and so were we!

● For a while we could not find a grocery store that was open.  We finally discovered Safeway on 4th Street open.  We were told by the wonderful clerks who decided to work that the Manager’s house burned down and at 2:00 am he brought his wife and kids to the store.  He then called as many clerks in as would come and opened up for the crowd outside in the parking lot.  Many Heroes there!

● Tuesday morning we needed a place to eat for breakfast.  We finally found IHOP open, with only 1 cook, who had decided to come in and help, despite the loss and devastation of the fire.

Again, we are open and working to keep getting loans funded and escrows closed.

To Our Home Town Heroes – Thank You!!!!

Super-Fast Loan Done For Lender

Broker As Viggo Property Refinance In Contra Costa, CaliforniaProperty Refinance in Contra Costa, California

One of my Lender friends called with a rush transaction he needed help on:

He couldn’t get his client approved for a $670k first mortgage because of her difficult-to-prove income.  She was in escrow on a new purchase of a multi-family property and needed a loan fast.

In just under 2 weeks, we had this loan approved at 10% interest, with a successful purchase and very happy Lender client. Now that’s super-fast financing!

Hard Money loans are like the Olympians of financing.  They have speed and agility.

We work with many loan Brokers, Lenders and Realtors.  They and their clients can benefit from hard money, which provides a very necessary need in real estate buying these days.

Call us at 707-523-2099 with your scenarios or questions.  Here to help!

Who Is Today’s Real Estate Investor?

Love Re Investing Who Do You Envision When You Think Of The Stereotypical Real Estate Investor?  The Reality Is Far From The Hollywood Image Of The Businessman In An Expensive Suit.  It Turns Out That The “Average” Real Estate Investor Is More Like You Or Your Next-Door Neighbor.

Who do you envision when you think of the stereotypical real estate investor?  The reality is far from the Hollywood image of the businessman in an expensive suit.  It turns out that the “average” real estate investor is more like you or your next-door neighbor.

Bigger Pockets, a real estate investment social network, had some insightful observations about today’s investors.  The following are some of the more common misconceptions associated with real estate investors along with a reality check:

  • In reality, real estate investors are split 75/25% with 75% being male and 25% female.
  • Real estate investors are wealth.  Many investors are not racking up big annual incomes, but have studiously saved and used creative financing options.  Their household incomes are much like yours.
  • A majority of real estate investors are 50+.  Most investors begin on their path to building wealth through real estate in their late 30’s and as a supplement to their 401K retirement plan.
  • A lot of real estate investors own apartment buildings or land.  Other investors own single family homes, because the upfront costs are less and these present fewer risks.

 

Many of these realities are our experience at Sun Pacific Mortgage, where we have been in the hard money lending business since 1988.  We partner with many new and experienced investors, who enjoy high returns, from 9-13% on their investments.  If you are interested in learning more about real estate investing, please call us at 707-523-2099.  You can also consult our website for further information on how to start earning with us.  

Sonoma County Real Estate Update

021215 According To A Recent Article Published By Pacific Union, Sonoma County’s 2Nd Quarter Real Estate Sales Demonstrated A Distinct Divide Between Homes Over $1 Million And Those Under $1 Million.  Homes Priced Between $1-3 Million Saw An Increase In Activity Of Almost 50%.  Homes Listed Under $1 Million Saw A Noticeable Decline In Sales Compared To The Same Quarter Last Year.  Sellers Continue To Hesitate When It Comes To Listing Their Homes In This Price Range, Afraid They Will Not Be Able To Find A Suitable Move-Up Home.

According to a recent article published by Pacific Union, Sonoma County’s 2nd Quarter real estate sales demonstrated a distinct divide between homes over $1 million and those under $1 million.  Homes priced between $1-3 million saw an increase in activity of almost 50%.  Homes listed under $1 million saw a noticeable decline in sales compared to the same quarter last year.  Sellers continue to hesitate when it comes to listing their homes in this price range, afraid they will not be able to find a suitable move-up home.

Because the demand for higher priced homes was very healthy, it helped create the perfect storm for bidding wars:  few homes available vs. many interested buyers.  

Since the end of the 2nd Quarter, Sonoma County has experienced the “summer slump”, but indicators are pointing to a more robust second half of the year.

If you are looking to get ahead in the real estate coming-boom, Sun Pacific Mortgage is here to help.  We offer “not-normal” loans for Borrowers who have difficulty getting approved for conventional financing or for Home Owners looking for a Bridge loan to buy another home before they sell their current house.  Give us a call at 707-523-2099.

Visit our Sonoma County website: http://www.sonomacountyhardmoneyloans.com/

Good News For Real Estate Investing

1 As A Real Estate Investor You Are Naturally Concerned With The Appreciation Of Your Property.  Well, Here’s Some Good News:  The Bay Area Saw An Average Of 8 Percent Annual Home Price Appreciation From January Through April Of 2017.  This Information Comes From Selma Hepp, Pacific Union’s Chief Economist.  

As a real estate Investor you are naturally concerned with the appreciation of your property.  Well, here’s some good news:  the Bay Area saw an average of 8 percent annual home price appreciation from January through April of 2017.  This information comes from Selma Hepp, Pacific Union’s Chief Economist.  

Below is a summary of the 10 Bay Area ZIP codes that experienced the largest housing price gains and losses as of April.

This information presents an attractive incentive to look at real estate trust deed investments as a viable option for wealth growth.

We offer such trust deeds for California real estate investing.   Here is some further information from our website directly as to how we operate and how you can earn 10-13% return on your investment:  https://www.sunpacificmortgage.com//hard-money-investor-tutorial/

Call us at 707-523-2099 with any questions or to sign up and become an Investor with us.

Accomplish Your “Catch of the Day” With Hard Money

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.

Broker and Buyer Loan Rescued

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.

Crystal Ball Reading for Real Estate in 2017

Crystal Ball According To The Most Respected Real Estate Prognosticators, California Remains One Of The Safest Places To Invest Your Money In 2017.   Several Western Urban Markets Are Still “Red Hot’, And 5 Of Them Are In California.  Realtor.com Has Predicted That Some Cities Will See Sales Growth As High As 5-6%.

According to the most respected real estate prognosticators, California remains one of the safest places to invest your money in 2017.   Several Western urban markets are still “red hot’, and 5 of them are in California.  Realtor.com has predicted that some cities will see sales growth as high as 5-6%.

If you are experiencing or have experienced circumstances that prevented you from obtaining a conventional loan, we have alternative finance programs that assist you to purchase or refinance property.  These are Hard Money loan options, and you will be able to get into the real estate market, improve your property, buy more property and be confident that your investment will grow.

California property has historically been considered a great investment, but never more so than today.  With a little research, you can find that perfect property in an up and coming area or an already highly desirable area.  

We are seeing more investments in properties that need some renovations.  These transactions are well suited to Hard Money loans.  Typically, these deals need a speedy close and will be sold or refinanced within 12-18 months.  The benefits of such a loan outweigh the higher rates and in the long run your overall financial picture will be greatly improved.

For more information about our Hard Money loans in California, North Bay, and San Francisco, give us a call at 707-523-2099.

We Can Get You Loan Approval

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

Alternative Financing Programs

Pigs Hard Money Loans In General:

Hard Money Loans in General:

Only 2 qualifications for the following loan programs:

1. Decent existing equity or at least 20% down payment;

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

Normal turn-around time – 1-1/2 to 2 weeks.

Loans from $150,000.00 to $1.5 million.

Bridge or Temporary – Owner Occupied and Investment Property:

Allows homeowner to sell their house after they purchase a new one. Short term loan on the equity without the need to first sell current home. They can buy new home then sell the existing home.

Also used to buy new home with short term loan awaiting qualifying for conventional loan. Additionally used to do fix-ups of existing home in order to get maximum selling price.

Purchase/Refinance – Owner Occupied and Investment Property:

Easy qualifying on credit, proof of income or condition of property.  These loans are normally done once bank or conventional lender can’t do the loan.

Can be used for any purpose including fix-up to then resell/flip. Majority of the time the buyer can fix their qualifications within a year or 2 and refinance into a conventional loan.

Business Purpose:

Short term loan based on property equity. Most commonly used to start a business or purchase a rental property.

Commercial:

Small commercial buildings, easy qualifications up to $1million.

Land/Cannabis Loan:

Must have at least 50% down.

 

If you’re looking for alternative financing in California, call us today! (707) 523-2099

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