Direct Lender for Real Estate Investors in Northern California

Established in 1998, Sterling Pacific Financial is a privately held real estate lending and investment management company operating throughout Northern California. We are committed to helping borrowers leverage their real estate holdings with creative, efficient and flexible loan programs.

  • LTV for Residential Property: up to 75%
  • LTV for Commercial Property: up to 65%
  • LTV for Agricultural Property: up to 65% on real estate only, exceptions apply based on crop
  • LTV for Land: up to 35%
Property Geographic Area Details
Northern California
Loan Amounts
$50,000 to $5,000,000
Interest Rates
8% to 12%
Loan Terms
12 months to 36 months
Origination Fees
3% to 6%
Lien Position
1st, 2nd
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Property Types

  • 2-4 Units Residential
  • Agricultural
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Hostel
  • Hotel
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Mezzanine

Specialty Loan Types

  • 2nd Mortgage Equity Cash Out
  • Cannabis Use Properties
  • Land Development
  • Line of Credit Portfolio of Properties
  • Line of Credit Single Property
  • Note Purchase

Junior Lien Loan Amounts

$50,000 to $1,000,000

Junior Lien Interest Rates

10% to 14%

Junior Lien Loan-to-Value

65%

Junior Lien Origination Fees

3% to 6%

We Fund Junior Position Loans

Rarely

Junior Lien Types

  • Refinance
  • Equity Cash Out

Agribusiness Types

  • Cannabis
  • Citrus Grove
  • Cotton
  • Equestrian
  • Peach
  • Peanuts
  • Potatoes
  • Row Crops
  • Tree Nuts
  • Vegetables

Cannabis Use Properties

Loan underwriting based on next best highest property use.

Will Consider Cannabis Use Properties

yes

Maximum LTV for Cannabis Use Properties

65%

Cannabis Property Use Type

  • Cultivation
  • Retail Dispensary
  • Retail Sales
  • Manufacturing
  • Processing
  • Production

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Hospitality Land
  • Agricultural Land
  • Special Purpose Land
  • Cannabis Use Land

Will Consider Land That is NOT Entitled

yes

Existing Land Improvements Required

  • Street Access

Max LTV for Land

35%

Max LTC for Land Acquisition

35%

Junior Lien Types

  • Refinance
  • Equity Cash Out

Max Loan-to-Purchase Price

75%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

75%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Processing Fee
  • Documents Fee
  • Title Fee

Fees which are paid to a third party company

  • Settlement Fee
  • Appraisal Fee
  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

15

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Get In Touch

Sterling Pacific Financial pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

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The principals at Sterling Pacific created the company as a way to leverage their 40 years of continuous real estate investment success. Today, we are one of the largest private trust deed investment firms in California, with over $450 million in loans originated since inception. Through our specialized, innovative approach to investing in real estate, we strive to achieve consistent growth and profitability for our investors and borrowers.

License

CA DRE Lic. 01520360, CFL Lic. 6054217

Year Established

1998

Associations

  • California Mortgage Association

Office Locations

1205 Freedom Boulevard, Suite #2, Watsonville, California 95076

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
  • Private Equity Funds
Alternative Capital Sources
  • Individual Investors
  • Family Offices
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

50%

Percentage of Loans Secured by Residential Property

50%

Our Team

Joshua C. Fischer

Managing Director

CA DRE Broker Lic. - 01825492

Kelly Baldwin

Director, Investor Servicing

Max Bushman

Controller, Accounting Operations

Ed Rauber

Director, Accounting Operations

KC Jackson

Director, Special Assets

Get In Touch

Sterling Pacific Financial pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$50,000

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