Owner Occupied Bridge Loan, Closed in 2 days!
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…
Another Successful Transaction Closed!
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…
Another speedy close for Pacific Private Money on a transaction that did not qualify for conventional lending!
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 Just Closed a Purchase Loan in Newark
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 Just Funded…
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…
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. …
New Radio Show – Mortgage Investing 101
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…
Fund Launch!
May 1, 2013 – Pacific Private Money Inc. announced the launch of its new Mortgage Pool Fund. The Pacific Private Money Fund is designed to provide a high, consistent yield using conservative underwriting criteria that ensures preservation and protection of investor capital. The Fund provides many advantages over investing in individual notes, including: Your investment…
Pacific Private Money Fund
Pacific Private Money recently launched a Mortgage Pool Fund. This fund offers unique benefits to investors that they won’t see when investing in individual notes. Rules prevent us from quoting projected returns, but we can assure you that the returns will most likely be higher than many of your current investments. On the other hand,…
It Only Takes One
It only takes one. It only takes one key connection to change your business forever. It only takes one book or article to inspire you to do things you never imagined. I’ve built my business success thus far as a result of an unfailing belief in the power of serendipity. One of my favorite quotes…