Success Stories

In this challenging lending environment, banks and borrowers find it difficult to find the right answers.  At Pacific Bay Financial, we are focusing on filling in that gap...


For More Mortgage Information

Published by pacbay on Wed, 05/27/2015 - 09:45 in

Make sure to visit http://mannykagan.com for more Mortgage Solutions and our weekly newsletters!

 

 

Another 5 Star Customer Review

Published by pacbay on Wed, 05/27/2015 - 09:40 in

Review By: Fabrice

5 Star Customer Review

Published by pacbay on Fri, 04/17/2015 - 11:10 in

Review By: Mark

Mortgage Solutions For You!

Published by pacbay on Wed, 08/06/2014 - 09:55 in

Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions?

See the full entry here: http://mannykagan.com/mortgage-solutions-for-you-28/

Mortgage Solutions for You: Purchase / Construction

Published by pacbay on Thu, 03/06/2014 - 12:34 in

A contractor was looking for a lot in San Francisco to build a house for sale. The seller needed a quick close. We were able to arrange financing and close in 30 days.

Meet Up With Manny!

Published by pacbay on Wed, 03/05/2014 - 16:08 in

Meet up with Manny and his friends for a night of sharing common interests and ideas. You will have the opportunity to meet people with common real estate interests who own or want to buy commercial or apartment buildings, share, or address any ideas and concerns.

This month's Meet up event will take place on:

March 13th at 2345 24th Ave, San Francisco, CA 94116, from 6:30-8:30pm.

Mortgage Solutions for You: Mortgage Insurance?

Published by pacbay on Thu, 02/27/2014 - 14:34 in

A single mom with a daughter wanted to buy her own house. She felt she was over the bitter divorce, which left a short sale on her credit records.
She had $54,000 in her bank account. We could get her an FHA loan, which would have high MI monthly payments. Instead, I decided to chose the program without mortgage insurance.
Her real estate agent found a house for $568,000. With 10% down payment (her sister lent her $10,000 to cover the difference and the closing costs), her new mortgage payment was $2,477 less than her current rent.
Whom do you know that might benefit from our tailored mortgage solutions?

Meetup With Manny!

Published by pacbay on Wed, 02/12/2014 - 13:48 in

If you have never heard about Meetup, do not be surprised! (I did not either before it was brought to my attention.) There are 5,927 meetup groups located here in the Bay Area alone. People with different interests form networking groups where they take the time to meet, learn, share, and to get acquainted.

We decided to join the crowd and created our own group: Bay Area Commercial Real Estate Lending Group.

Looking forward to seeing you at our first meeting, which will take place on February 24th.

MEET UP DETAILS:

Group Link:
http://www.meetup.com/Bay-Area-Commercial-Real-Estate-Financing/

Event on Meetup.com:
http://www.meetup.com/Bay-Area-Commercial-Real-Estate-Financing/events/1...

Mortgage Solutions for You: Subordinating

Published by pacbay on Fri, 02/07/2014 - 11:20 in

A client had a primary loan of $428,000 and a line of credit for $36,000. Originally, he wanted to combine both together and receive a new loan total of $464,000. Since this is considered a “cash-out” and the new total loan amount would be more than $417,000 (the conventional loan limit), this brought the interest rate up to 3.75%.

The solution?

We decided that he pay down his first mortgage (using his own funds) to $417,000 and subordinate his line of credit. This way, we were able to drop the interest rate to 3.25%.

Whom do you know that might benefit from our tailored mortgage solutions?

Success Story: California Department of Motor Vehicles

Published by pacbay on Wed, 11/09/2011 - 14:21 in

Objective: To secure construction funds for the build-out of 17,517 square feet of office building to be leased by the California Department of Vehicles. Our client was awarded an opportunity to design, develop, and construct an office building for the California Department of Motor Vehicles

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Equal Housing Opportunity Lender

355 Gellert Blvd, Suite #230, Daly City, CA 94015
Main: 415.242.0730 / Fax: 650.550.4961

NMLS# 196454 / NMLS Consumer Access Website