frontPacific 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 transaction incompatible for bank financing.  Pacific Private Money sourced private capital and funded this purchase.

The borrower intends to do the necessary rehab work to the property for a quick re-sale or will refinance into a conventional loan.

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.