1234824_638142166220888_959266984_nPacific Private Money just closed a $169,000, 65% LTV, on a purchase in Orangevale, a bedroom community near Sacramento.

The borrower has great credit (797 FICO Mid-Score), $222k liquid verified and came in with 35% down plus closing costs…. The property is in good condition in an area seeing rising values and rents. The borrower intends to purchase the property to hold for rental income.

The borrower did not qualify for conventional lending and timing was of the essence.

Pacific Private Money was able to fund this purchase and close within two weeks.

Author: Mark Hanf

CA. DRE # 01811186 | NMLS No. 331091

Mark is Founder, President, and CEO of the San Francisco Bay Area-based Pacific Private Money Group of companies. Pacific Private Money Inc., the flagship company, is an alternative real estate mortgage lender founded in 2008 to provide consumers and real estate investors access to fast, reliable, and convenient capital.