Welcome to pacifica first national

FAQs

Do you offer commercial loans in my state?

We offer financing for commercial properties in California only.

Can I qualify for a loan even if I don't live in the state where the subject property is located?

Yes. Unlike most lenders, we will provide funding for a property that is located in a state other than where the borrower resides.

Do you lend to self-employed borrowers?

Yes, we do offer loans to self-employed individuals. We have a full documentation program for borrowers who are willing and able to document income.

How long must I own a property before I can apply for a refinance with cash-out?

We do not have a strict seasoning requirement and are willing to work with you to find a solution that suits your needs.

How long will it take to close my loan?

Loans usually close within 7-21 days; however, we will do everything possible to ensure your loan closes within your time frame.

Why is it valuable to apply for a higher loan-to-value (LTV) amount?

Applying for a loan with a higher LTV amount allows you to better leverage your money. The return on equity you receive from your investment will be higher when you put less money down. Less money out-of-pocket means more cash on hand to invest in your business.

Will you accept an existing appraisal?

Possibly. If the appraisal was completed within the last three months, we encourage you to send it in for review. We try to keep borrow costs to a minimum and will typically accept a current appraisal of good quality.

Who is responsible for organizing the closing?

We handle all the details for your closing.

Who orders the title policy?

We order the title because it enables us to manage the deal and keep the process moving. We have relationships with title companies who understand the endorsements we require and are responsive to our needs.

What if the title is already in process?

We will work with you to help ensure there are no problems.

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