Hard Money – No Fake News Here

Waterskiing Crop Instead Of Taking Full Advantage Of The Recent Fake News Fad And Sensational Headlines,  Letting You Know Of Our Amazing Skills As Water-Skiers, We’ll Get Right Down To The Truth:

Instead of taking full advantage of the recent fake news fad and sensational headlines,  letting you know of our amazing skills as water-skiers, we’ll get right down to the truth:

We are highly experienced Hard Money Lenders available to help you, a client or someone you know obtain a real estate loan, especially when turned down elsewhere.  We can fund fast; help finance a property that doesn’t qualify for conventional financing; lend to those who have difficulty proving income, as well as those borrowers with poor credit who have been turned down elsewhere.

Call Us today at 707-523-2099, we would be happy to let you know how we can help!

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

Recently Funded

Santa Rosa, California (Sonoma County)
Loan Amount: $450,000
Loan Program: Bridge Loan
Loan To Value: 70%
Days To Fund: 8 days
Why Turned Down Elsewhere: Needed a fast loan

Sacramento, California (Sacramento County)
Loan Amount: $360,500
Loan Program: Non-Owner, Investment Purchase
Loan To Value: 70%
Days To Fund: 8 days
Why Turned Down Elsewhere: Property Condition

Vallejo, California (Solano County)
Loan Amount: $365,000
Loan Program: Non-Owner Business Purpose Cash-Out
Loan To Value: 65%
Days To Fund: 21 days
Why Turned Down Elsewhere: Short Sale on record

Santa Rosa, California (Sonoma County)
Loan Amount: $450,000
Loan Program: Owner Occupied Temp
Loan To Value: 27%
Days To Fund: 10 days
Why Turned Down Elsewhere: FICO score

Fresno, California (Fresno County)
Loan Amount: $1,100,000
Loan Program: Investment Property Purchase
Loan To Value: 51%
Days To Fund: 14 days
Why Turned Down Elsewhere: Bare Land

Is 2017 The Year Of Real Estate Investing?

1 1 Recently A Chief Economist For Fannie Mae, Douglas Duncan, Told A Group Of Financial Professionals He Sees No Recession In Sight.  His Group Forecasts The Economy Will Grow By A Conservative 2% This Year.  But, He Added, “Frankly, From A Housing Perspective, I Think There Will Be A Strong Growth.”

Recently a chief economist for Fannie Mae, Douglas Duncan, told a group of financial professionals he sees no recession in sight.  His group forecasts the economy will grow by a conservative 2% this year.  But, he added, “Frankly, from a housing perspective, I think there will be a strong growth.”

Mr. Douglas is particularly optimistic regarding the growth of Baby Boomers as real estate investors.  Many of them may choose to downsize or relocate as they get closer to retirement.  Another group he sees showing interest in buying homes is the Millennials, particularly older ones who may have been renting single-family homes up until now and consider the time is right to buy.

With this information in mind, it looks like investing in real estate could offer a solid foundation for wealth growth – be it as an Investor for additional monthly income on rentals or as homeowners who benefit with tax write-offs and equity growth in their home.

For over 29 years now, Sun Pacific Mortgage and Real Estate, a family owned and operated business, has been here helping with hard money loans.  We have helped put thousands of buyers into homes and financed thousands of trust deed offerings through private investors, looking to make higher returns regularly.

Look at our website or call us at 707-523-2099 with any questions about investing in real estate trust deeds we regularly offer.  We are here to help you with your real estate borrowing and investing needs.

Rescuing a Realtor and His Home Buyer

1 Santa Rosa, California Bridge Loan

Santa Rosa, California Bridge Loan

A busy Realtor in Sonoma County contacted me to help rescue a frantic client, who was trying to buy a home while her current house was being sold.  The home buyer was having difficulty getting loan approval elsewhere because she didn’t make enough income; however, she did have a free and clear home she was selling.

Our Bridge Loan program allowed us to do a $450K loan against her home about to be listed for $1.7million.  This became the down payment for her new home and provided enough cash to fix up the home she was listing.

With our help, she was able to write an offer for the new home showing a 40% down payment, no contingency of sale of her existing home, and a 14 day close.   The 14 day close distinguished her offer from others and it was easily accepted.   I had this Bridge Loan approved and funded in under 2 weeks.  We were able to make a happy Realtor and a 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 am 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

Investing In Real Estate Brings Good Return

Reasons Why You Should Invest Your Money In Real Estate According To A Attom Data Solutions Recent Report, Real Estate Flips Prove To Be A Lucrative Market For Investors In 2016.  There Were 193,009 Single-Family Homes And Condos Bought And Resold Within A 12-Month Period, A New Record.  Low Inventory And Investors Looking For A Safe Haven For Their Money Seem To Be The Catalyst For The Flipping Activity And Resultant Returns.

According to a ATTOM Data Solutions recent report, real estate flips prove to be a lucrative market for investors in 2016.  There were 193,009 single-family homes and condos bought and resold within a 12-month period, a new record.  Low inventory and investors looking for a safe haven for their money seem to be the catalyst for the flipping activity and resultant returns.

There were 11 U.S. markets where flippers realized a six-figure profit, and six of them were in California.  San Jose was the most lucrative market for flippers in 2016, averaging a profit of $145,750.  San Francisco was the second-highest flipping profits with $140,000.  These averages were very close to the ones in 2015 for the Bay Area.

Properties that need substantial renovations are more difficult to qualify for a conventional loan.  This is where hard money loans come to the rescue.  Investors in these loans stand to make a quick profit when the buyer completes the work and resells usually within 12 months.

Sun Pacific Mortgage & Real Estate, a family owned and operated hard money business, has been lending to Investors and home buyers in California for more than 29 years.  We invite you to join our investor family and enjoy some healthy financial growth.

Call us at 707-523-2099 and we’ll let you know how we can help.

See ATTOM Data Solutions full article here: http://www.realtytrac.com/news/real-estate-investing/2016-year-end-u-s-home-flipping-report/

Are You Ready To Spring Into Some Real Estate Action?

Re 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.  I’m Sure We All Want To 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.  I’m sure we all want to be ready for the opportunities that lie ahead.  

One of the available options that allow us to pounce on any real estate prospect that pops up is a Hard Money Loan.  Because these loans can be wrapped up in as little as 2 weeks and are often considered as “cash offers”, Hard Money loans offer the flexibility and speed that is needed in a swiftly moving market.  

Sun Pacific Mortgage & Real Estate has been in the business of Hard Money Loans in California for more than 29 years.  We have a proven record of supporting and executing transactions that looked doomed, needed some fast financing or just wanted the purchase offer to be stronger.

Give us at 707-523-2099 call to find out how we can help you or someone you know!

Temporary Purchase Loan in San Francisco

Sf These Particular Home Buyers Were Referred To Me After Being Turned Down By Their Local Bank.  They Were Just About To Sign The Closing Papers At Escrow For Their New Home,  But Final Loan Approval Fell Through.  They Needed A Fast Bridge Loan So They Wouldn’t Miss Out On The New House They Wanted!

These particular home buyers were referred to me after being turned down by their local bank.  They were just about to sign the closing papers at Escrow for their new home,  but final loan approval fell through.  They needed a fast bridge loan so they wouldn’t miss out on the new house they wanted!

They still lived in their house in San Francisco,  but wanted to move to a new home in a different San Francisco neighborhood and needed a $430,000 temporary home loan to make this happen. We were happy to make this happen for them.

In just over 2 weeks, I got their loan approved and funded so they could sign and close on their new home.

We specialize in financing loans that have been turned down elsewhere.  Any credit issues, difficult to prove income, property condition, etc. – not a problem!

Call our office at 707-523-2099 if you need some alternative financing for any real estate purchase or refinance.  We are happy to help!

Visit our San Francisco website at: http://www.sanfranciscohardmoneylenders.com/

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

5 Day RUSH Loan Funding for Condo in Sacramento

Sacramento Last Month A Conventional Lender Called Us On Behalf Of One Of Their Borrowers Who Had Just Been Turned Down For A Conventional Loan, 3 Weeks Into Their 4 Week Purchase Agreement For A Condo In Sacramento.  To Say The Least, The Home Buyer Was Distressed And A Bit Hopeless.

Last month a Conventional Lender called us on behalf of one of their borrowers who had just been turned down for a conventional loan, 3 weeks into their 4 week purchase agreement for a condo in Sacramento.  To say the least, the home buyer was distressed and a bit hopeless.

The purchase price was $285,000 and the home buyer only had a 20% down payment to apply to their loan, making the loan-to-value 80%.  Luckily, this is the max LTV that our private investors will approve.  

So, we got right to it and within 5 days of the  initial call, the loan funded and recorded!  We turned the distressed and hopeless borrower into a very happy and proud home owner, keys in hand.

The Conventional Lender was grateful that we could rescue this opportunity and it became a win-win for all involved.

Sun Pacific Mortgage & Real Estate is a family owned and operated Hard Money Financing Company, serving all of California since 1988.  We have become known as The Guys in the White Hats and we offer short term (1-5 years) hard money loans for residential, owner occupied and non-owner occupied (SFR and multi-units), as well as for some land and commercial real estate.  Our loan amounts range from $100,000 on up through jumbo size mortgages ($400K – $1,000,000) and interest rates range from 8-12%, interest only.

Visit our Sacramento lending website: http://www.sacramentohardmoneylenders.com/

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