Sterling Pacific Financial
Watsonville, California
CA DRE Lic. 01520360, CFL Lic. 6054217
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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
yesMaximum 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
yesExisting 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
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Equity in Primary Residence
- Family
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
75%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
3Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
75%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesFees 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
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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.
Associations
- California Mortgage Association
Office Locations
1205 Freedom Boulevard, Suite #2, Watsonville, California 95076Our Team
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