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 Money Fund I in 2 days.
Author: Mark Hanf
CA. DRE # 01811186 | NMLS No. 331091
Mark is Founder, President, and CEO of the San Francisco Bay Area-based Pacific Private Money Group of companies. Pacific Private Money Inc., the flagship company, is an alternative real estate mortgage lender founded in 2008 to provide consumers and real estate investors access to fast, reliable, and convenient capital.