Pacific Private Money
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…

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Pacific Private Money
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…

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Pacific Private Money
Fund Performance Report 6/30/14

For the fiscal year ending June 30, 2014, the fund has paid the following returns: For income investors who are taking monthly distributions, the fund has paid a yield averaging 8.22%. For growth investors, the cumulative compounded yield since July 2013 is 8.54%. The fund portfolio is comprised of 85% residential property loans and 15%…

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Pacific Private Money
70% LTV 2nd on a duplex rental in Greenbrae

Pacific Private Money recently funded a 70%LTV, 2nd on a duplex rental in Greenbrae. The duplex has 2 units totaling 2,841 sq. ft. of living space with a 2/2 unit and 2/1.5 unit on 13,200 sq. ft. lot. The current rents total $5,500 per mo…nth. The borrower has good credit (Fico mid-score of 692) and…

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Pacific Private Money
We just funded a $1,165,000 21-unit apartment building purchase!

Pacific Private Money recently funded a 75%LTV, 21-unit apartment building purchase in Richmond.The property is well situated near transportation and other amenities and is in an area seeing high current demand for rentals. At market rents, this property should value at or near $2 million. Recent upgrades to the property include hardwood flooring throughout. The…

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Pacific Private Money
PPM just closed a 52% LTV on a purchase bridge loan in Danville!

Pacific Private Money just closed a $375,000, 52% LTV on a short term purchase bridge loan.The primary applicant has been working in advertising for 14 years, 10 with the same company. He faced a recent dip in earnings, but is back on track now. He and his spouse have both added additional part time work…

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Pacific Private Money
Owner-Occupied Bridge Loan in San Jose

Pacific Private Money recently funded a $575,000, 57.503% LTV on an owner occupied bridge loan in San Jose. Due to a complicated income situation and the need for speed, conventional financing was not an option for the borrower. However, Pacific Private Money recognized multiple strengths of the transaction, including; strong LTV, good reserves, and great…

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Pacific Private Money
Another successful close on a transaction that did not qualify for conventional lending!

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…

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Pacific Private Money
We just closed an Owner-Occupied Bridge Loan in Concord!

 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…

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Pacific Private Money
Pacific Private Money offers alternative financing… If the deal makes sense, we can fund it!

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….

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