Blog - Pacific Private Money

Pacific Private Money recently funded a $575,000, 48% LTV on a Cash-Out Refinance to build in Occidental.The borrower is an LLC whose members include a licensed general contractor with multiple development projects spanning a 40-year career, along with a 25-year real estate broker with experience in commercial and residential real estate development projects. The LLC…

 Pacific Private Money just closed a $224,000, 70% LTV, owner-occupied bridge loan in Concord. The borrower has good earnings capability, limited debt and about $180,000 in the bank. He is using the loan proceeds to purchase the property. …He is coming in with 30% down plus closing costs (approx. $117,000). The borrower has 18 years…

Pacific Private Money recently funded a $825,000, 69.162% LTV, fix & flip in Livermore. The borrowers are experienced real estate investors who own multiple other properties. They have good credit (650 & 693 mid FICO scores) and a strong …monthly income. Their credit was hurt with a foreclosure, but they have brought all accounts current….

Pacific Private Money just closed a $500,000, 69% LTV, on an 11 month owner occupied bridge loan in Petaluma. The borrower was originally approved for conventional lending, but upon attempting to close, his financing was denied due to a minor financing issue. Pacific Private Money was able to fund this transaction through the Pacific Private…

Pacific 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…

Pacific 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…

Pacific Private Money recently funded a $404,000, 75% LTV, purchase on a 4 bedroom SFR located in a neighborhood of Newark with a very strong demand.    The borrower has good credit (Mid-Fico 658) and a strong annual income with over 400K in liquid reserves.  The kitchen has been gutted and is incomplete, making this…

Pacific Private Money provided a quick and painless $225,000 loan to help purchase a rental property in the outer Sunset neighborhood of San Francisco. The borrower had great credit (Fico mid-score of 779) and strong liquid assets, but his income could not be verified conventionally and timing was of the essence.  Due to those factors,…

Pacific Private Money recently funded a $100,000, 41% LTV, cash-out refinance on this cute home in Manteca.  The borrowers are repeat clients.  The property is a 4 bedroom / 2 bath home leased at $1,200 per month, providing a 1.20 debt coverage ratio.  The borrowers needed the funds for capital infusion for their auto business. …

This fall Edward Brown and I launched our second radio show called “Mortgage Investing 101”, designed to discuss in detail how mortgage investing works and how investors can earn secured, high yields of 8% and more.  We cover both individual note investing, also called “trust deed investing” as well as discuss in detail the Pacific…