Private Money is funded by private individuals. It isnít from a bank or some other institution. It is based on the equity in a home and is therefore more forgiving on credit.
There are some great advantages with a hard or private money loan. What if your credit isnít bank worthy? What if you are looking for speed? Private Money loans are generally much faster than a bank loan. The property you want to borrow against may not be something a bank will lend on. Banks require a property be in good shape. You can get a Private Money loan even with bad credit.
Sun Pacific Mortgage & Real Estate is a local, family owned business and has successfully helped hundreds and hundreds for over 22 years in the Sonoma County. Newly located to 800 Mendocino Ave. Suite #2 Santa Rosa CA 95401. CALL (707) 523-2099.