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Sun Pacific Mortgage

Bridge Loan
Business Purpose Loans - LG399

Sun Pacific Mortgage

Summary of all Guidelines

Loan Types Bridge Loan
Property Types 2-4 Units, Condo, SFR
Lendding Area california
Loan amount Minimum $150,000
Loan amount Maximum $1,500,000
Interest Rate Minimum 10%
Interest Rate Maximum 14%
Points Minimum 1st TD 3
Points Maximum 1st TD 5
Terms 1 year, 2 year, 3 year
Interest Only or Amortized Interest Only
Fees Processing Fee
Lien Position 1st
Prepayment Penalty 3 months, 6 months
Intended Occupancy Non-owner occupied, Owner Occupied Business
General Pricing or Guideline info Business Purpose Loans Non-Owner, Owner Occupied Property (Purchase & Refinance) TERM: 1 to 3 years - Interest Only (Longer case by case) RATE: 10% - 14% PREPAY PREMIUM: 3 - 6 months LTV: 65% - 75% POINTS* & FEES: 3 - 5 pts Plus $2590 (Processing, Doc Prep, & Underwriting)
Updated as of 2024-01-11

Business Purpose Loanss
Non-Owner, Owner Occupied Property
(Purchase & Refinance)

TERM: 1 to 3 years - Interest Only
(Longer case by case)

RATE: 10% - 14%

PREPAY PREMIUM: 3 - 6 months

LTV: 65% - 75%

POINTS* & FEES: 3 - 5 pts Plus $2590
(Processing, Doc Prep, & Underwriting)

These descriptions are limited information and meant for general reference purposes.