No Document Investment Property Loan
552 Cecil St. Monterey Park, CA 91775
Most hard money investors
will only fund up to 70% LTV. However, this borrower was shot of funds. We located and investor who was willing to fund 80% LTV and funded it with only BPO (no appraisal.)
2830 Ford St, Oakland, CA 94610
Borrower needed extra funding to improve this property. However, the warehouse is currently vacant with no income stream, it was difficult for any investor to be interested in putting money in. We funded it to pay off the existing first and second loan, plus additional money to improve the property.
Construction Loan44631 Highland PL, Fremont, CA 94539
Developer had begun construction, but is in urgent need of additional funding so that he can finish this project. I understood the urgency, so we found two investors to fund this project, and escrow closed in about 10 daysShopping Plaza Loan
825 College Blvd., Suites 102-614, Oceanside, CA
This is a “mixed-use” property. Unfortunately, many lenders do not care for this sort of transaction that has very few comps. Here at Pacificwide Lending, we were able to have one of our investors take on this kind of loan, and we closed the deal in 43 days.
Foreign National Loan
1731 Germano Way, Pleasanton, CA
This house was a construction project that needed a construction loan. As the borrower was the person intending to build, and, also a foreigner to the U.S., it was difficult to find a lender under these circumstances.
Pacificwide Lending matched an investor with this borrower and the project was completed.
Raw Land Loan
1217 48th Ave., Oakland, CA
Being an unusual type of business it was difficult to find lenders and no local lenders were interested in this endeavor. (Borrower wanted to purchase land to build a warehouse for cannabis.)
However, Pacificwide Lending, had an investor and the loan was completed. Multi-unit Loan
7 Paso Cresta, Carmel Valley, CA 93924
This loan was for refinancing on a house, to finish the partial construction that was going on the home at the time. However, the borrower did not have strong tax returns, making this twice as hard to find funding.
Here at Pacificwide Lending, we found funding and the borrower completed the project.Second Loan
9 Miramonte Road, Carmel Valley, CA
Borrower wanted to find funding for a construction loan to build a house, but did not have good documentation. Pacificwide Lending set this client up with a loan and closed relatively fast with an institutional lender for a good rate.
Lots 30-32, Block 14, Del Norte Acres, TX
Del Norte Acres is an apartment complex, and the borrower had run into difficulty finding a purchase loan for this complex. As the loan was too small, $260,000, and many investors did not care about the location.
Pacificwide Lending found one of their investors and closed the deal.
Are you considering a loan for your new home or business? We'd be thrilled to talk about our loan & mortgage offerings! Give us a call today at 925-461-0500. Want to get started? Apply Online Now