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 hard money loans or private money loans. What are these? Let’s take a look. Consumer Purpose/Owner Occupied Hard Money Loans Or Private Money Loans…
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…
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…
Pacific Private Money featured on Private Money 411
Mark Hanf, broker and president of Pacific Private Money Inc. was interviewed and featured on the cover of the fall 2014 issue of Private Money 411 magazine. For your complete copy of the magazine in PDF, click HERE.
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…