Hard Money Hotter Than Ever! – Recently Funded Loans


 In my continuing area by area report, I took a look at the Bay     Area.  I do a lot of loans in this area, because the population is so huge.  

I saw a recent headline – Bay area home sales inch higher in June.  That’s total number of sales.  That same report showed price hikes slowed from their torrid pace of November 2012 to November 2013. 

The area is settling into a more normal pattern of steady growth.  This is in spite of a limited supply of homes for sale, increased prices and a choked off mortgage lending scene. 

The Bay Area median price in June was $618,000, up .2 percent from May and 11.4 percent from the prior year.  This year over year increased paled in comparison to the same period increase of 33.1 percent from June 2012 to June 2013. 

Here is the report on annual increases in the median sales price: Napa County 5.5 percent, Sonoma County 9 percent, Alameda County 9.3 percent , Contra Costa County 11.1 percent, Santa Clara County 12.7 percent, San Francisco County 13.3 percent, Solano County 14.5 percent and the overall winner San Mateo County 14.9 percent gain. 

That article finished off by mentioning that the Bay Area median sales price is approaching it’s all time high of $665,000 recorded in June and July of 2007.  It also pointed out that “the median then dropped to a low of $290,000 in March 2009.”

In the Bay Area real estate market, prices are being driven up by the lack of inventory.  This is good news if you are already into a home, but could make it difficult if you are looking to buy, either as your first purchase or trading up. 

You should keep in mind that using Hard Money in this market may make your offer more attractive to a Seller – and their agent, as in many instances it is deemed the same as cash. 

So that’s the report on the Bay Area.   I always like to push the idea of home ownership.  It is still the best financial investment you can make at any time in your life.   And if you are trying to buy - persist. 


 P.S. – We love referrals!

Some Of Our Recently Funded Hard Money Loans

(Great Private/Hard money rates as low as 8.5%*!)


Get a loan despite poor credit, self employed-difficult to prove income, need fast financing, property a fixer, etc!  And, we finance Bridge loans, Owner Occupied purchases and refinances, non-owner purchases single and multiple units, commercial and some land.

Oakland, CA
Loan Type: Non-Owner Occupied Cash-out   
Loan Amount: $215,000
Days to fund: 9

Santa Rosa, CA
Type: Bridge Loan
Amount: $165,000
Days to fund: 11


Santa Rosa, CA
Type: Bridge Loan
Amount: $350,000
Days to fund: 11


Salinas, CA
Type: Owner Occupied Cash-out Refinance
Amount: $130,000
Days to fund: 14


Pleasanton, CA
Type: Bridge Loan
Amount: $225,000
Days to fund: 21


Guerneville, CA
Type: Commercial
Amount: $167,000
Days to fund: 22


Sebastopole, CA
Type: Bridge Loan
Amount: $300,000
Days to fund: 27


Approval is based on just 2 criteria:

 1. Good Down Payment or Decent Equity  &  2. Ability to Repay


• FAST private money purchase financing throughout California.
• Owner Occupied, Investor financing, Commercial and some Land financing.
• FICO is not a factor.
• Up to 80% loan-to-value – Case by case basis.
• Loan amounts starting at $100,000.
• Lower rates with Good Compensating Factors – Case by case basis.
• Fast refinancing. 

SPECIAL NOTEWe Can Do A Loan For Someone Fresh Out Of Foreclosure, Bankruptcy Or Short Sale!

CALL FOREST - The Guy In The White Hat - at (707) 523-2099;

Or email him at forest@sunpacmortgage.com
See our website at: www.sunpacmortgage.com

       Hard Money Lender Serving Sonoma county since 1988!

800 Mendocino Ave. Ste 2
Santa Rosa, CA 95401
(707) 523-2099

*APR based on loan amount of $130,000 is 9.469%.

CA BRE Broker – California Bureau of Real Estate Broker.   Corporate License # 01464899.

NMLS – Nationwide Mortgage Licensing (Registry) System.  Office NMLS # 360993

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