Why Pacific West can meet your borrowing needs

Pacific West Mortgage Fund has many advantages over traditional, slower moving financial institutions

We lend money secured by the following property types:

  • Industrial Buildings
  • Apartments
  • Retail Buildings
  • Office Buildings
  • Self Storage Facilities
  • Land Loans
  • Hotel/Motels
  • Mobile Home Parks
  • Residential
  • Special Purpose
  • Mixed-Use
  • Agricultural Properties
  • Recreational Properties
  • Pacific West has an efficient loan underwriting process with less bureaucracy and can act much faster. When a borrower needs to close a loan quickly to take advantage of an immediate business opportunity, the opportunity can be far more profitable than the additional interest rate charged on the loan. A bank or lending institution may offer lower rates, but take too long to fund the loan.
  • Pacific West has much more flexibility than a lending institution.  The borrower may have a credit problem which prevents a bank or lending institution from making the loan due to its strict credit policies and regulations.
  • The borrower may want to use the loan proceeds for something other than the purchase of the property. A lending institution or bank will often only allow loan proceeds to be invested directly in the property.
  • Pacific West's strategy is generally to hold the loan. We don't make loans with the intention of selling them. Lenders that intend to sell their loans in the secondary market have many more restrictions.
  • The borrower may have an existing loan on the property and the bank will not issue a second mortgage regardless of the remaining equity in the property. In some cases, when there is enough equity in the property to provide strong security for the Investor, Pacific West secures its loans in a junior position.
  • Pacific West can be more flexible with it's terms. The borrower may need special terms, such as an interest only loan that does not meet the specific guidelines of the bank.
  • Bank and institutional lenders may have difficulty in evaluating a specialized property and will refuse to do the loan. Pacific West has years of experience valuing special purpose properties and can fund these loans quickly.
  • The borrower may want to use multiple properties as collateral for the loan. Banks have more restrictions regarding cross-collateralized loans which Pacific West does not have.