Pacific Private Money Loans

About Pacific Private Money Loans

Pacific Private Money Loans is a private money lender in Novato, CA offering funding in California. They provide hard money refinancing, fix-and-flip loans, and loans for rental properties. Their lending parameters are versatile, including terms between 6 months and 60 months, loan amounts ranging from $150,000 to $10,000,000 with a maximum LTV of 70%, and rates ranging between 8% and 11%. They will consider different lending scenarios but mainly focus on single family homes and multi-family units.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family

Areas Served: CA

Licenses: California Department of Real Estate License 01897444, California Finance Lender License 6054605, Mortgage Loan Originator, NMLS license no. 945582

Lending Guidelines for Pacific Private Money Loans

Below are the general loan guidelines published on the Pacific Private Money Loans 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 Private Money Loans.

Loan Example 1

Rena finds a townhouse in Los Angeles, CA to renovate and resell. Since she does not have enough cash available to acquire the $210,000 property outright, she takes out a fix and flip loan from Pacific Private Money Loans. The loan-to-value (LTV) on the deal is 80%. This means Rena will bring 20% of the sales price to the closing and the principle will be $168,000 on the note. The parameters of the note also stipulate a one point origination fee which is to be paid at the closing and a 12 month, interest-only note with a 12% rate of interest.

Therefore, Rena will need to make a $42,000 down payment plus pay a $1,680 origination fee. Once the deal is closed and Rena takes on the property, she will begin making monthly payments of $1,680 to the lender ($168,000 principle x 12% / 12 months). Rena's intention is to finish the renovation by the end of the 12 months and resell it for $273,000. If she succeeds she will make a gross profit of $41,160 ($273,000 sales price - $168,000 principle - $42,000 funds brough to closing - $1,680 origination fee - $20,160 in interest.

Loan Example 2

Elmer takes out a hard money loan from Pacific Private Money Loans in order to rehab a property to re-sell in Los Angeles, CA. The loan has the following terms:

$270,000 sales price
55% loan-to-value (LTV)
6 month term
14% rate of interest
2% origination fee

Based on a $351,000 sales price after the 6 month term, the outcome for this project would look like the following:

$351,000 sales price
- $148,500 principle on note (55% LTV)
- $121,500 down payment (45% on 55% LTV)
- $2,970 origination fee (2% of the $148,500 principle)
- $10,395 total interest paid (6 months x 14% interest)
-----------------------
= $67,635 gross profit (does not include taxes or rehab costs)

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