Hard Money More Attractive Than
Ever – Recent Loans From Our Office!
My last blog was the Federal and California report
I live and operate in Sonoma County so that is the
first region I’ll explore. I would guess
that about 33% of the loans I write are in Sonoma County. That’s a disproportionate amount considering
I lend in the top half of the state, from Salinas to the Oregon border and east
Lots of good news to report for Sonoma County. There
was an Economic Development Board report in April 2014 that demonstrated Sonoma
County business activity beats the U.S. average as a whole in expenditures for
growth and customer demand. The trend is upward for commercial-sector
Another report from March 18, 2014 stated that
Sonoma County’s economy is poised to further recover through 2015, bolstered by
national growth that will spur gains in tourism and the wine industry, while
additional support comes from, among other things, a stronger housing market.
In the Sonoma County real estate market, as in a lot
of the counties in the Bay area, prices
are being driven up sharply by the lack of inventory. This is good news if you are already into a
home, but could make it difficult if you are looking to buy, either as your
first purchase or trading up. You should
keep in mind that using Hard Money in this market may make your offer more
attractive to a Seller – and their agent, as in many instances it is deemed the
same as cash.
So that’s the report on Sonoma County. And if you are trying to buy, persist. Home ownership is still the best financial
investment you can make at any time in your life.
P.S. – We love referrals!
RECENTLY FUNDED HARD MONEY LOANS
Great Private/Hard money
rates as low as 8.5%*!
Get a loan
despite poor credit, self employed-difficult to prove income, need fast
financing, property a fixer, etc! And,
we finance Bridge loans, Owner Occupied purchases and refinances, non-owner
purchases single and multiple units, commercial and some land.
Santa Rosa, CA
Loan Type: Owner Occupied Cash-Out Refinance
Loan Amount: $120,000
Days to fund: 15
Santa Rosa, CA
Days to fund: 27
Days to fund: 28
Type: Business Purchase Non-Owner Purchase
Days to fund: 21
Days to fund: 32
is based on just 2 criteria:
Down Payment or Decent Equity
• Owner Occupied, Investor financing, Commercial and some Land
• FAST private money purchase financing Sonoma County & Northern
• FICO is not a factor.
• Up to 80% loan-to-value – Case by case basis.
• Loan amounts from $75K - $1mil+.
• Lower rates with Good Compensating Factors – Case by case basis.
• Fast refinancing.
CAN DO A LOAN FOR SOMEONE FRESH OUT OF FORECLOSURE, BANKRUPTCY OR SHORT SALE!
FOREST - The Guy In The White Hat - at (707) 523-2099;
email him at firstname.lastname@example.org
our website at: www.sunpacmortgage.com
Hard Money Lender Serving Sonoma county since 1988!
Mendocino Ave. Ste 2
Santa Rosa, CA 95401
*APR based on loan amount
of $130,000 is 9.469%.
CA BRE Broker – California
Bureau of Real Estate Broker. Corporate License # 01464899.
NMLS – Nationwide Mortgage Licensing (Registry) System.
Office NMLS # 360993