At Pacific Point, we believe in keeping things simple. We offer benefits like allowing you to pay off the loan in part or in full at any time prior to maturity without any prepayment penalties. We also cooperate with brokers. Many of our loans are brought in by outside brokers. If you’re worried about having a low credit score, know that Pacific Point is an asset-based lender. This means our primary focus is on the type, quality, and equity of the property; however, we do consider and evaluate a borrower’s credit and financial condition.
Most of the time, determining the fair market value is fairly simple and an appraisal would not be required, saving you both time and money. This allows funding to occur within four to seven days of receipt of a borrower’s loan application. Although, we may be able to approve your loan more quickly if necessary. The benefit of borrowing from Pacific Point versus another private money loan source is that our principals have on institutional investment background that can make decisions quickly.
Fix and flip, rental, commercial, and construction.
Single family homes, apartments, small commercial, construction.
$250,000 to $10,000,000 certain exceptions apply.
Up to 75% LTV in most cases. Higher LTV or ARV-based loans handled on a case-by-case basis.
8.5% to 12.0% (rates may vary depending on LTV)
Generally 1 to 2 pts, depending on loan size, LTV, maturity.
6 months to 3 years
Appraisals generally not required.
Individuals, Trusts, LLCs, Corporations
5 – 14 days
No upfront fees
We’ve developed a process to originate and invest in high yield private money loans secured by residential and commercial real estate.