PacFunding Group

About PacFunding Group

PacFunding Group is an asset-based lender headquartered in San Diego, CA offering loans in San Diego. They provide loans for rental properties, commercial hard money loans, fix-and-flip loans, and short term loans. Their loan parameters are flexible, including loan amounts ranging from $500,000 to $3,000,000 with a maximum LTV of 75%, rates ranging between 10% and 12%, and terms between 1 month and 2 years. They do not require a minimum credit score to obtain a loan. They will make loans on most property types, including single family residences, multi family, apartments, offices, retail storefronts, storage facilities, mixed use spaces, industrial buildings, medical offices, and undeveloped land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Storage, Mixed Use, Industrial, Medical, Land

Areas Served: San Diego

Licenses: California Finance Lenders License #60DBO 45548

Lending Guidelines for PacFunding Group

Below are the general loan guidelines published on the PacFunding Group 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 PacFunding Group.

Loan Example 1

Leon takes a fix-and-flip loan from PacFunding Group in order to rehab a house to resale in San Diego, CA. The sales price of the house is $210,000. The loan to value (LTV) on the loan is 60%. This means that Leon will need to bring 40% of the purchase price to closing and the principle will be $126,000 on the loan. The deal also consists of the following features: 1) a 18 month length, 2) a 12% interest-only note, and 3) a three point origination charge.

Leon must bring a total of $32,400 upon closing to pay the $84,000 down payment plus the $3,780 origination fee. The monthly interest-only payments will then be $1,260 to the lender. Assuming he sells the remodeled house for $273,000 at the end of the 18 month term, his total profit (not accounting for remodeling costs) would be $36,540. This is calculated by taking the sales price ($273,000) and subtracting the original principle ($126,000), the origination cost ($3,780), the cash he contributed to closing ($84,000), and the total interest payments ($22,680).

Loan Example 2

Karl takes a private money loan from PacFunding Group so he can remodel a townhome to flip in San Diego, CA. The loan has the following terms:

$250,000 sales price
85% loan to value (LTV)
18 month term
8% interest rate
1% origination fee

If Karl achieves his goal of a $375,000 sales price, the numbers of the deal will be the following:

$375,000 sales price
- $212,500 loan principle (85% LTV)
- $37,500 cash paid at closing (15% on 85% LTV)
- $2,125 origination fee (1% of the $212,500 principle)
- $25,500 total interest paid (18 months x 8% interest)
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= $97,375 gross profit (does not include taxes or renovation costs)

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