Hard Money / Private Money

Alt A Hard Money Is Hot No Bull 

Have a strong borrower who just misses qualifying for traditional “A-paper” financing? This is where our Alt-A Hard Money program can help with a loan turned down at the last moment!  

This new Alt-A Hard Money program is one-of-a-kind and is hot with other real estate agents, mortgage brokers, lenders and their borrowers & home buyers!  Offering lower rates between 6%-8%*. 

Main qualifications are: 

– 65% Max Loan To Value.
– Property in good location and condition.
– Good credit 640 or up. 

Hot Alt-A Hard Money Loans Recently Funded: 

Location:  Mill Valley, Marin County
Why Came To Us: Turned down by conventional lender at last minute.  
Scenario: Investor didn’t want to lose out on a good purchase so needed a fast cash offer to close the deal. 
Loan Size: $599,000 with 59% LTV
Days To Finish:  8

Location:  Santa Rosa, Sonoma County
Why Came To Us: Had IRS lien with difficult-to-prove income.
Scenario: Needed additional funds to complete remodel so she could then resell.
Loan Size: $882,500 with 61% LTV
Days To Finish: 17

Location:  San Juan Capistrano, Orange County
Why Came To Us: Self-employed with difficult to prove income.  
Scenario: Home Buyer had a sizeable down payment with good income, but unable to get loan approval elsewhere due to being self-employed just in the past year. 
Loan Size: $1,350,000 with 48% LTV
Days To Finish: 20

Location:  Sonoma, Sonoma County
Why Came To Us: Turned down by underwriting due to an issue with proof of income. 
Scenario: Escrow was due to close shortly but buyer now had no loan approval, so home buyer’s Agent reached out to us to rescue her buyer’s transaction.  
Loan Size: $800,000 with 57% LTV
Days To Finish:  11 

If you have any questions or scenarios for us to review, call 707-523-2099 or reply to this email.  We will let you know quickly what we can do for you!

Best, Forest & Ken – The Guys in the White Hats

*APR for this rate based on a $200,000 first mortgage is 6.31%. 

“The Guy In The White Hat – Your Hard Money Lender”. Broker and Co-Owner of Sun Pacific Mortgage & Real Estate, family owned and operated in Sonoma County California since 1988. (CA BRE License #01000559. NMLS #289456)