Sterling Pacific Financial

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
Residential Bridge
Residential Ground-Up Construction
Commercial Bridge
Commercial Property Value Add
Commercial Ground-Up Construction

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

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

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

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

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)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Interest Reserve

Pre Payment Penalty

Will lend to a foreign national

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

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

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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

Contact Sterling Pacific Financial

Sterling Pacific Financial pays us to be listed, so there is no fee to connect with them directly.

Send email Create a Loan Request

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Receive our monthly newsletters with valuable insights and industry updates

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