Private Money Loans
Pacific Wholesale Mortgage specializes in hard money loans in California. We have several different programs to suit the borrower’s needs. These programs range from 12 month bridge loans to 30 year home loans.
If you are looking for a quick close on a flip or investment property, we can help! We can close in 2-3 days if the title and insurance is in the file. The speed comes from private investors who put up the funds. This does come at a cost of a higher rate and points. The program usually is capped at 65% LTV and some of the other terms are:
*Above rate is the note rate and not the A.P.R. 7.50% note rate for LTV below 50% and 660+ FICO scores
Let’s Get Started
Fix & Flip Loans
We make it simple for the seasoned or first time real estate investor. No need to “shop” the loan with other hard money lenders, our rates and fees are much lower than all the others. We offer the following deals:
- Flips – We finance 100% of purchase, you bring in fix up cost
- 9.75% rate and 2 points! NO ONE CAN BEAT THAT!
- Construction or spec homes: 9.45% and 4 points 80% Loan to cost and 65% Loan to value.
- Six to 12 month terms – built in extensions!
- Loans from $150,000 to $1,500,000
*Above rates are the note rate and not the APR loans for commercial use only