There are definitely perks to specializing in one thing and becoming really, really proficient at it. But that can also result in a sort of myopic focus that precludes one from handling things outside the norm. At Sterling Pacific, we elect to handle all parts of the private lending lifecycle, from loan origination, to servicing, brokering deals, and management. We feel strongly that this allows us to better serve both our investors and borrowers in a multitude of ways.
By handling the entire process ourselves, we prevent a lot of the drag that can slow down conventional or even some other private lenders. Rather than a 30-90 day period, we can close a loan in as little as 10 days from the issuance of a commitment letter. For the borrower that needs the money on a shorter timetable, this can be a large boon, and one of the most evident advantages of using a private lender, and Sterling Pacific Financial specifically.
Cash to Cash
We believe strongly that by making the process as simple and straightforward as possible, we are able to maximize returns for our investors. Rather than losing continuity along the way and incurring fees or expenses from other firms for things such as servicing and management, we are able to ensure that money makes it back to investors. We call this the cash to cash cycle, in which cash from investors comes in for their selected deal, and then comes back with their accrued interest and minimal fees. This stands in stark contrast to many of our competitors who source out everything along the way. Using outside servicers can have its benefits, but by maintaining our involvement in every deal, we are given a much higher level of flexibility for a variety of situations, and a better understanding than an outside 3rd party.
Whether you’re a borrower looking for an alternative to conventional lenders, or an investor looking to avoid the growing asset bubble of other investments, we’d be more than happy to hear from you. Head over to sterlpac.com, or follow either of the links below to find more resources for both borrowers and investors.