Blog

Case Study: Private home loan for a self-employed borrower.

Mr. M. came to Pacific Private Money when his mortgage broker was unable to offer him a loan for the purchase of a primary residence in Petaluma, California. Small Business Owners/Sole Proprietor loan qualification challenges: Mr. M is a self-employed borrower with multiple business ventures. Like many business owners, his income and expenses can swing…

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What is a compliant private consumer/owner-occupied loan?

In addition to private loans most of us think of when we hear the terms “private money” or “hard money” (fix and flip/rehab/construction), Pacific Private Money also does consumer purpose/owner occupied loans. What are these? Consumer purpose and owner-occupied loans are loans in which the borrower intends to occupy/live in the property for which they…

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Make a non-sale contingent offer using private money

There are still many markets and neighborhoods in the Bay Area (and California) where listings are getting multiple offers.  Buyers who aren’t coming in with an all cash offer or have to sell their home in order to finance the new purchase are at a disadvantage. What most buyers and their agents don’t know is…

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Brexit & the Real Estate Market

With the stock market continuing its tizzy over the U.K. Brexit vote, what repercussions could this have for the California real estate market and mortgage-related investments such as the Pacific Private Money Fund? According to Fortune Magazine: First, one of the most immediate effects of the move was to send yields on U.S. government debt…

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Investment Acquisition in San Pablo

Pacific Private Money just closed a $165,375, 70% LTV loan on an investment acquisition in San Pablo. The subject property is a 1124 sq. ft. SFR with 3 bedrooms and 2 bathrooms. There is also a small studio in the backyard on this 5200 sf. lot. The borrowers made a cash offer for this purchase…

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Unusual property does not fit conventional lending criteria…

Pacific Private Money recently funded a $680,000, 52% LTV, 68% loan-to-price purchase for a fix & flip property in Oakland. The subject property is 1.4-acres (3 lots) in the Oakland Hills and contains a single SFR built in 1928 of 2,664 sq. ft. with 2 bedrooms and 2 baths. The property is located at the…

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