How It Works
Buy BEFORE You Sell!
Allows you to make “cash-like” offers on your next home
No prepayment penalty or minimum interest
Avoid Moving Twice
Allows you to prepare & stage your current home for a higher sale price
EASY qualification – unlike banks!
FAST close — as quick as 7–14 days
Transitional Bridge Loan Explained
Case Study #1: Retired Couple Wishing to Buy Before Selling
A retired couple with limited income wanted to sell their 2 story home and relocate to a smaller, single level home. Their home was valued at $2.5M, which they owned free and clear. Their home was on the market, but not yet in contract.
The couple found a nice, single story home listed for $1,750,000 that they wanted to make an offer on immediately. However, after speaking with their bank, they were told they would need to sell their current home first in order to afford the new home.
Pacific Private Money provided the customer with a Transitional Bridge Loan™ for $1,750,000 to fund a non-contingent offer on the target property.
Within 8 months, borrowers sold departing residence and refinanced into bank loan.
Case Study #2: Consumer Loan, Retired Buy Before Sell
A retired couple living in Tahoe, wanted to buy a home close by for their daughter, son-in-law, and grandkids but had no liquid capital for the down payment.
Pacific Private Money can use the equity in other property (s) owned by the borrower as collateral.
The retired couple used the equity from two existing properties they owned as collateral for the down payment and loan to purchase the third property.
Their exit from the transitional bridge loan will be a conventional refinance, likely within 6 months.
Case Study #3: Using Family Equity and Cross-Collateralizing as Liquid Down Payment
A very successful C-level executive was having trouble qualifying for a loan without a current employment contract simply because she was between jobs.
Her mortgage banker and Realtor referred her to the team at Pacific Private Money who were able to secure a $3.3M Transitional Bridge Loan and close in 21 days.
30 days later, having time to move out and stage, the clients Mill Valley home sold for $100,000 over the asking. And with her employment contract in place, she was able to refinance into a traditional mortgage.
Pacific Private Money, Inc. Licensing Information