Picture1Pacific Private Money just closed a $167,500 68% LTV, on a purchase in the Cordelia Villages neighborhood of Fairfield.

The borrower is an experienced real estate investor with a 659 FICO Mid-Score. Fairfield is seeing rising values and limited inventory with rents sufficient to cover this debt. The borrower intends to purchase the property for a fix and flip. He came in with 32% down plus closing costs.

The borrower was unable to obtain conventional financing.

Pacific Private Money sourced private money and was able to close this transaction.

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.