Picture1Pacific Private Money recently funded a 44%LTV, owner-occupied purchase in the town of Penryn in Sacramento County.The subject property is a 3.4 acre property with 2 detached SFRs that were built in 2010. Both residences have been recently upgraded and the property also includes a workshop and swimming pool. Zoning allows for a third structure and space is available for this development. The borrower has been self-employed as a commercial insurance broker for 14 years. His credit was damaged due to medical issues that have now been overcome. The loan proceeds were used to purchase the subject property. The borrower plans on occupying the main house as a primary residence and to lease the 2nd home for cash flow. The 2nd property is estimated to rent between $1,400 and $1,600. Due to the credit issues, the borrower did not qualify for conventional lending. Pacific Private Money sourced private money and was able to fund this purchase. Once the borrower has completed repairing his credit, he will conventionally refinance.