picPacific 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.  Conventional Loans are typically not available for cash-out financing on rental property.

Pacific Private Money specializes in quick, private solutions to your capital needs.

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.