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…
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…
fix & flip in Corte Madera!
Pacific Private Money just closed a $578,000, 64% LTV loan on a fix and flip in Corte Madera.The subject property is a 1,840 sq. ft. 4 bedroom, 2 bathroom SFR with views of the Bay and located in sought after Southern Marin County. This property is in inferior condition compared to the upgraded homes around…
Business Purpose Financing for a Small Local Business!
Pacific Private Money provided business-purpose financing secured by a primary residence to finance the tenant improvements of this small locate business. Visit Teeny Cake at www.teenycake.com!
Fix & Flip Purchase in Mill Valley!
Pacific Private Money just closed a $563,000, 75% LTV loan on a fix and flip purchase in Mill Valley.The subject property is 1,239 sq. ft. SFR on a 8,276 sq. ft. lot in a desirable neighborhood of Mill Valley. Marin County’s real estate market continues to see rising prices while inventory remains limited. The borrower has…
Purchase Property With Cross Collateralized Property!
Pacific Private Money recently funded a 365K, 34% loan to combined value, purchase with cross collateral of a 2nd property.The purchased property is a 3 bedroom, 3.5 bathroom SFR with a purchase price of 355K, but has a value of 475K. The cross collateralized property is located in Richmond and is valued at 370K and…
44% LTV, Owner-occupied purcahse in Sacramento County!
Pacific Private Money recently funded a 44%LTV, owner-occupied purchase in the town of Penryn in Sacramento County.The subject property is a 3.4 acre property with 2 detached SFRs that were built in 2010. Both residences have been recently upgraded and the property also includes a workshop and swimming pool. Zoning allows for a third structure…
We just closed a commercial lot purchase in downtown Alameda…
Pacific Private Money just closed a $536,250 loan amount, 65% LTV, Purchase of commercial lot suitable for development in downtown Alameda.The subject property is a single parcel on the major thoroughfare Webster Street in an urban/ suburban area of Alameda (0.34 corner, 110f ft. X 133 ft., rectangular shaped). It has a zoning designation of…
PPM Closed a Short Sale Purchase that did not qualify for conventional financing…
Pacific Private Money recently funded a $350,000 loan for a Short Sale Purchase in Union City. The market value LTV was 55% and the purchase price LTV was 71%. Along with the good LTV the borrower had a strong income and stable employment. The borrower had a credit Mid FICO of 642. Her credit did…