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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%
Max Loan-To-Value
75.00%
Max Loan-To-Cost
75.00%
Origination Fees
3% to 6%
Loan Terms
12 months to 36 months
Lien Position
- 1st
- 2nd
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
Minimum Occupancy Percentage
10%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
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
- Land Development
- Note Purchase
- Line of Credit Single Property
- Line of Credit Portfolio of Properties
- Cannabis Use Properties
Junior Liens
Junior Lien Loan Amounts
$50,000 to $1,000,000
Junior Lien Interest Rates
10% to 14%
Junior Lien Loan-to-Value
65.00%
Junior Lien Origination Fees
3.00% to 6.00%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Refinance
- Equity Cash Out
Agribusiness Loan
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
65.00%Cannabis Property Use Type
- Cultivation
- Retail Dispensary
- Retail Sales
- Manufacturing
- Processing
- Production
Land Loan
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
35.00%Max LTC for Land Acquisition
35.00%Purchase Loan
Max Loan-To-Purchase Price
75.00%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
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
75.00%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
3Construction Loan
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
75.00%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesDetails and Requirements
Typical Closing Time (Days)
15Fastest Closing Time (Days)
5Works With
- Brokers
- Borrowers
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
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill 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
AlwaysCredit Check Required
yesAppraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
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
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 95076Primary 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
Alternative Loan Structures
- One Investor One Loan
- Multiple Investor Fractionalized Note
- Multiple Lender Participation
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
50%
Percentage of Loans Secured by Residential Property
50%
Percentage of Residential Property Loans Which are Fix and Flip
20%
Percentage of Residential Property Loans Which are Buy and Hold
80%
Percentage of Loans Secured by Land
10%

Joshua C. Fischer
Managing Director
Josh Fischer is the Managing Director, Broker and Chairman of the Investment Committee of Sterling Pacific Financial. In his role, he oversees the day-to-day investment operations of the company. In addition, Mr. Fischer acts as chairman of the company’s investment committee. Prior to joining Sterling Pacific Financial, Mr. Fischer served as the Chief Executive Officer of Generation Leasing, LLC for 10 years. Generation Leasing is a California Limited Liability Company that originates, underwrites and services both leases and loans. Mr. Fischer’s extensive business experience, comprehensive real estate and investment knowledge, and solid background in customer relationship management combine to bring a multi-faceted leadership to the Sterling Pacific Financial Team. Mr. Fischer is listed in the American Association of Private Lenders as an Industry Leader. Mr. Fischer received his Bachelor of Science degree in Economics from St. Mary’s College in Moraga California and his Masters in Business Administration from Santa Clara University.
License InformationCA DRE Broker Lic. - 01825492

Kelly Baldwin
Director, Investor Servicing

Max Bushman
Controller, Accounting Operations

Ed Rauber
Director, Accounting Operations
