Pacific Private Money recently funded a $350,000 loan for a Short Sale Purchase in Union City.
The market value LTV was 55% and the purchase price LTV was 71%. Along with the good LTV the borrower had a strong income and stable employment.
The borrower had a credit Mid FICO of 642. Her credit did not qualify for conventional financing.
Pacific Private Money sourced private money and was able to fund this Short Sale Purchase.