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.