2014 is the Year of Hard Money Loans from The Guy in the White Hat  Hello,Preview of coming attractions! I will have a future, more exact Blog on the recent changes to Hard Money lending – High Cost loans. For now, I have taken all in stride and will continue to promote Hard Money loans that fully conform to all the changes. Most of the changes impact Owner Occupied loans and none are horrible. Some key things that will be different in my Owner Occupied Program… 1. All Borrowers have to do Credit Counseling through an approved agency before the loan can fund. 2. The loans cannot have balloon payments. I propose a 15 year that is interest only for the first 7 years and fully amortizes over the remaining 8 years. 3. They cannot have prepayment penalties. 4. Late fee maximum is 4% after 15 days. I’ve listed below recent Hard Money loans financed through my office and hope these give you a better idea as to how I can help you and/or your clients. I will keep the loans coming! Best, Broker RECENTLY FUNDED HARD MONEY LOANS Great Private Money Rates as low as 8.5%*! |
Guerneville, California Loan Type: 2nd Non-Owner Cash-Out Loan Amount: $96,000 Days to fund: 6 days! Reason for hard money loan: Multiple Properties Owned 
Santa Rosa, California Loan Type: Bridge Loan (1st & 2nd) Loan Amount: $464,000 & $85,000 Days to fund: 14 days! Reason for hard money loan: Self Employed
Sonoma, California Loan Type: 2nd Home Loan Amount: $110,000 Days to fund: 15 days Reason for hard money loan: Needed Fast Financing 
Vallejo, California Loan Type: Owner Occupied Cash-Out Refinance Loan Amount: $140,000 Days to fund: 13 days! Reason for hard money loan: Condition of property
Cloverdale, California Loan Type: Owner Occupied Purchase Loan Amount: $503,200 Days to fund: 15 days Reason for hard money loan: Poor Credit
Ukiah, California Loan Type: Owner Occupied Purchase Loan Amount: $112,500 Days to fund: 17 days Reason for hard money loan: Poor credit South Lake Tahoe, California Loan Type: Non-Owner Purchase Loan Amount: $200,000 Days to fund: 20 days Reason for hard money loan: Self Employed
El Cerrito, California Loan Type: Owner Occupied Purchase Loan Amount: $418,000 Days to fund: 14 days! Reason for hard money loan: Condition of property Loan approval is based on just 2 criteria: 1. Good Down Payment or Decent Equity 2. Ability to Repay •Owner Occupied, Investor financing, Commercial and some Land financing. •FAST private money purchase financing Sonoma County & Northern CA •FICO is not a factor. •Up to 80% loan-to-value – Case by case basis. •Loan amounts from $75,000 – $1mil+. •Lower rates with Good Compensating Factors – Case by case basis. •Fast refinancing. SPECIAL NOTE: WE CAN DO A LOAN FOR SOMEONE FRESH OUT OF FORECLOSURE, BANKRUPTCY OR SHORT SALE! CALL FOREST – The Guy In The White Hat – at (707) 523-2099; Or email him at forest@sunpacmortgage.com See our website at: www.sunpacmortgage.com  
Hard Money Lender Serving Sonoma county since 1988! 800 Mendocino Ave. Ste 2 Santa Rosa, CA 95401 (707) 523-2099 www.sunpacmortgage.com *APR based on loan amount of $130,000 is 9.469%. CA BRE Broker – California Department of Real Estate Broker. Corporate License # 01464899. NMLS – Nationwide Mortgage Licensing (Registry) System. Office NMLS # 360993 | 
