Address: 1604 Grant Ave Novato, CA 94945
States They Lend In: California
If you’re looking for a loan, you’ve found your source: Pacific Private Money Loans – the fastest growing private lender in Northern California. We’ve made over 1,200 loans totaling over $250 million in the last eight years to borrowers like you. Find out what we can do for you.
We provide funding for properties throughout California, but we specialize in the San Francisco Bay Area. Loans range from $100,000 to $3,000,000 with terms from 6 to 36 months. And YES, we do owner occupied loans!
Pacific serves three kinds of borrowers:
Loans for Real Estate Investors
At Pacific Private Money we understand real estate investors better than most any other lender. That’s because we ARE real estate investors. Our company was founded by a commercial and residential real estate investor with over 30 years’ experience buying, financing and selling investment real estate.
Since 2008 we have funded over $175 million to real estate investors just like you. In fact, it’s not unusual for us to get the call after another hard money lender has wasted weeks of your time before backing out of the deal.
At Pacific, we don’t waste your time. We decide quickly if we like your proposal, and then we go to work funding your deal. Don’t just believe us, check out our client testimonials!
We secure funding for:
- Loans from $100,000 to $3,000,000 with terms from 6 to 36 months.
- Single family, multifamily, commercial, land and new construction.
- Loans typically up to 65-70% of the purchase price or appraised value.
- Higher LTV, ARV-based and participation loan options available.
- Always competitive rates and fees – among the lowest available.
If this describes your project, then take the next step. It’s fast and it’s easy.
Fill out our online prequalification form. It’s just 15 short questions and it takes about two minutes to complete. We’ll review your information and get back to you in one business day. If your loan qualifies, we’ll detail exactly what is needed to get your loan fully approved and funded.
Consumer Home Loans
If you’ve called other hard money or private money lenders, you’ve likely been told, “I’m sorry but, we don’t lend on owner-occupied property”. Well, your search for fast, easy and no hassle financing is finally over. We have programs designed to fit most situations.
The No-Hassle Non-Prime™ Loan Program
There are a lot of reasons why you may not qualify for bank financing. In the wake of all those new regulations passed under the Dodd-Frank banking reforms, many no longer qualify. Our No-Hassle Non-Prime™ Loan Program is designed for people who have one or more of the following situations:
Trouble documenting income
Inconsistent income history
Credit issues due to a recent loan modification, short sale or foreclosure
We can assess your ability to repay based on factors that banks can’t or won’t use. Call us today for a free consultation.
The Fast & Easy Bridge™ Loan Program
What if a purchase opportunity comes up and there isn’t enough time to get a conventional loan? Or if there’s a glitch in your credit that can be fixed but not in time to buy the home you want?
For those who will qualify for conventional financing within 1 year, our Fast & Easy Bridge™ loan program provides a rapid solution for purchase transactions.
Perfect for these situations:
- Need to purchase another home before you sell the one you’re now living
- Made an aggressive offer and need to close fast – even within days!
- Bank financing fell through in the last minute
- Need time for credit repair to bring up your score
Here’s the program:
- 11-month term
- Interest-only payments
- No prepayment penalty
- Low documentation requirements
- Purchases only – not available for refinancing
Welcome to Pacific Private Money Loans. We’re a very broker-friendly source for funds.
Most of our loans comes from our valued network of referring brokers. By referring to us your turndowns and other hard-to-place loans, you can provide your client with funding options and earn a referring broker fee in the process. At Pacific, we are committed to honoring our referral network and to paying out the highest referral fees in the business. With Pacific, you always keep your client, and you get paid on every loan to a client that you bring to us. *
A loan application referred to us should typically include the following:
- Executive Summary / Loan Scenario
- Completed 1003/1008
- Recent Appraisal
- Credit Report
- Preliminary Title Report
We can generally give you a verbal indication of interest, followed by a Letter of Interest, within a very short period of time (sometimes at the initial call). Our funding is typically within 5 to 10 business days from receipt of all material listed above.
And, unlike many other private lenders, we don’t force you to fill out a bunch of forms for the privilege of sharing your client and doing business with us. We respect your time, and we make the referral process clean and easy.
We will consider 2nd as well as 1st position loans. Our maximum loan-to-value is typically 70% of the appraised (and reviewed) value for refinances and 70% of the purchase price on acquisition loans.
Our lending program focuses on these three key items:
- The real equity in a given property,
- The ability of the borrower to service the new loan, and
- The borrowers’ exit strategy (how will they repay the loan?)
Pacific will consider the following loans to individuals and companies:
- Equity cash out
- Owner-occupied acquisition loans
- Construction, remodeling, rehabilitation
- Residential and commercial