Mountain Pacific Financial

About Mountain Pacific Financial

Mountain Pacific Financial is a Fresno, CA based private money lender who offers funding in 10 states across the US. Their lending focus is mainly on private commercial loans. Their lending guidelines are versatile, including terms between 3 years and 20 years and loan amounts ranging from $500,000 to $10,000,000 with a maximum LTV of 65%. They lend funds to all borrowers based on the value of the property but also require a minimum credit rating of 650. The focus of their loans is on undeveloped land.

Loan Types Offered: Commercial Hard Money Loans

Property Types Covered: Land

Areas Served: AZ, CA, CO, ID, MT, NV, OR, UT, WA, WY

Lending Guidelines for Mountain Pacific Financial

Below are the general loan guidelines published on the Mountain Pacific Financial website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Mountain Pacific Financial.

Loan Example 1

Mountain Pacific Financial issues a private money loan to Mayra for the purchase of a new warehouse after she is turned down for a standard loan by her bank due to a subpar credit rating. The building costs $400,000. Mayra will need to put 15% down, or $60,000, because the lender will fund only 85% of the transaction (the loan to value or "LTV"). This means the principle amount on the deal will be $340,000. Additionally, the lender will charge a 3 percent origination fee along with the 12%, 12 month term on the deal. They agree to not charge a pre-payment penalty in the event that Mayra pays off the note before expiration. By the parameters of the deal, Mayra will need to pay an origination charge of $10,200 at closing (3% x $340,000 principle) and will then make payments of $3,400 monthly ($340,000 principle x 12% interest / 12 months per year). Finally, she will make a final payment of the $340,000 principle upon expiration of the loan, or before if she decides.

Loan Example 2

Andy locates a duplex in Los Angeles, CA to renovate and re-sell. Since he does not have enough cash to buy the property outright, he takes a hard money loan from Mountain Pacific Financial with the following parameters:

$200,000 purchase price
60% loan-to-value (LTV)
12 month term
10% rate of interest
2% origination fee

Andy intends to sell the house when the note expires for $260,000. If he succeeds, the deal numbers will be as follows:

$260,000 sales price
- $120,000 note principle (60% LTV)
- $80,000 cash paid at closing (40% on 60% LTV)
- $2,400 origination fee (2% of the $120,000 principle)
- $12,000 total interest paid (12 months x 10% interest)
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= $45,600 gross profit (doesn't include taxes or renovation costs)

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