Pacific One Lending

About Pacific One Lending

Pacific One Lending is private money lender based in Huntington Beach, CA. They offer loans in Orange County. Their focus is mainly on buy and hold loans. They will consider different loan requests but primarily focus on single family homes and multi-family units.

Loan Types Offered: Investment Property Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Orange County

Licenses: Secured Marketing Concepts Corp / dba Pacific One Lending NMLS 1543, Department of Financial Institutions Washington State NMLS ID Number 1543, Christopher Beard MLO-50833

Lending Guidelines for Pacific One Lending

Below are the general loan guidelines published on the Pacific One Lending 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 Pacific One Lending.

Loan Example 1

Melba finds a townhome in Anaheim, CA to flip and resell. Since she doesn't have enough cash on-hand to buy the $220,000 project outright, she decides to take out a hard money loan from Pacific One Lending. Since the lender agrees to a 70% loan to value, Melba will need to put 30% down so the total amount of the loan will be $154,000. The terms of the deal also stipulate a one point origination fee that is to be paid at the closing and a 18 month, interest-only note with a 10% rate of interest.

In addition to paying the $1,540 origination fee, Melba will also need to fund $66,000 of the purchase with her own money, or 30% of the purchase price. she will then pay $1,283 monthly to the lender. If Melba meets her goal of a $308,000 total sales price when the loan term expires, she would collect a total profit of $63,360 after re-paying the principle on the note and deducting the cash she paid at closing, the origination fee, and the monthly interest payments.

Loan Example 2

Vivian takes a hard money loan from Pacific One Lending so she can remodel a house to re-sell in Anaheim, CA. The deal has the following parameters:

a) A $290,000 purchase price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 3% origination fee.

Assuming a $420,500 sales price after the 6 month term, the final numbers for this deal would look like the following:

$420,500 sales price
- $145,000 principle on note (50% LTV)
- $145,000 down payment (50% on 50% LTV)
- $4,350 origination fee (3% of the $145,000 principle)
- $8,700 interest payments (6 months x 12% interest)
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= $117,450 gross profit (doesn't include taxes or renovation costs)