A past borrower called looking for a loan of $630,400 so he could purchase a rental unit in Sebastopol, a town in western Sonoma County. He was looking to supplement his income and add to his retirement portfolio.
He had a good down payment but since he was self-employed, he was having a problem proving enough income for conventional financing. This is where our alternative financing, also known as Hard Money, became the answer for his investment needs.
Because this client had already proven himself to be a trusted and responsible borrower, it was not difficult to get his loan completed in less than two weeks!
If you need a fast close on a real estate deal, or have difficulty proving your income, we have the answer. Our programs make it easy to wrap up real estate transactions quickly and smoothly. Give us a call at 707-523-2099 with your questions.
*APR for this rate based on a $200,000 first mortgage is 6.31%.
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Best, Forest – The Guy in the White Hat
Hard Money Broker and Co-Owner of family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988! 707-523-2099 www.sunpacificmortgage.com.
CA DRE license #010005559 and NMLS #289456
Note: Get our financing despite bad credit, difficult to prove income, property a fixer, etc.! We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.
The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.