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CALIFORNIA HARD MONEY LENDERS
- Residential/ Commercial Loans
- Stated Income/ NO Doc Loans
- Terms from 11 months to 5 years
- Loans in 1st, 2nd and 3rd Position
- 6 to 24 hour loan approvals
- No cash-out restrictions
Private Money Lenders are Moving into California
California is a magnet for US citizens in the rest of the country to enter an uplifted lifestyle alongside new real estate opportunities. There is a continuous inflow of options coming through from the state’s industrial, commercial, mixed-use and residential property markets. The PB Financial Group opened for business in the Golden State 13 years ago (2006) to connect with investors and their property funding requirements. More than 2,400 closed deals and $200 million value later we have firmly established a reputation for getting deals closed efficiently and without hassle.
PB’s Direct Money Loans Appeal to Californian Real Estate Investors
- Competitors in the business of structuring Direct Hard Money Loans frequently fall away when the small print in the contracts unexpectedly blemish the understanding. Conversely, our full transparency policy will never allow this to occur.
- Contracting with PB comes along with compelling advantages aside from the speed of processing the loan. Middlemen and approval committees are not involved in our operations and do not restrict our discretion. As Californian hard money lenders for 13 years, we are used to making our own decisions. It’s quite standard for us to approve funding within 24 hours and then5 days after transferring the money directly into your real estate venture.
- Loan to Value (LTV) with PB creates a lot of room to get to a conclusion with 70% the reliable yardstick, but there are exceptions (i.e. in case of property purchases) where LTV can be approved as high as 80%. On the other end of the LTV spectrum bridge loans, refinancing, and cash outs qualify for a generous 60 – 65% (versus local banks generally excluding themselves from this arena).
- Professional hard money lenders in California (like PB) have no issue with structuring property financing for you in your personal capacity or indeed a partnership, trust, corporation, LLC, Delaware Corporation, estate, or foreign national entity.
- Fees and costs in the PB Financial contracts are without dispute the lowest possible and redemption terms the easiest imaginable. And if that’s not convincing enough, we demonstrate the fastest turn times in California time and again.
- Yelp and Google ratings reflect our stellar client record by highlighting our 2200 closed deals since we opened for business. The single biggest feature that impresses clients the most is that we treat everyone equally, irrespective of loan size (i.e. $50,000 up to $5 million applications get the same VIP attention).
PB Financial Group – California’s most Effective Direct Hard Money Lender
As a borrower you’ll find our range of activity is unsurpassed on every level: fix-and-flips, distressed property, probate financing, estates & trust funding, apartment building (rental) projects, and more fall within our ambit. Owner or non-owner occupied real estate is not a complication in any relevant category – we deal with this in a quiet professional way, as we do in taking up 1st and 2nd positions as a matter of course.
Refinancing and Bridge Loans with Private Money in California
When mortgages close out on maturity they normally involve big balloon payments. Not only that, there are so many instances where renovations, build-outs, or some other complication throw a spanner in the loan works. Moreover, interest rates going up and up throw non-maturing loans off-kilter, even threatening default. New loan transitioning has toaddress these pivotal issues, but frustratingly the traditional lenders are mostly reticent to step in. Not so the PB Financial Group: we help borrowers resolve these curve balls every time.
We are ready and able to interface anything “stressful” or “pressure creating” with an array of refinancing/bridge funding options (i.e. conduit loans) to attack the endemic problems as shown above. We have the resources to meet these challenges head-on and thereby meet most clients’ needs when refinancing emerges as an investor priority.
PB’s Hard Money Loans for Special Cases in California are Gaining in Popularity
PB has pounced on competitors’ reluctance to be involved in cash out initiatives, just as an example. There are many property investors immersed in ventures where well-earned appreciation is a key factor. This is applicable to multi-family complexes, office buildings, retail, self-storage, warehouses, and mix-used lands. This borrower grouping sometimes insists on looking at new construction or other property opportunities but require release of funds from existing investments to do so. We deal with all this as a matter of course and pride ourselves in cementing the long-term client loyalty it creates.
PB’s Bridge Loan financing Grows as a Priority Consideration in California
We have addressed this at length above, but it bears reiteration as it pertains to refinancing complicated situations and cash outs without limit. PB leads this market initiative in every respect. In summary: a bridge loan arrangement is a funding tool suitable for transitioning one permanent loan to another long-term loan that’s more suitable – without disadvantage to the borrower. Traditional lenders turn away from this for no reason at all, but we see obstacles in a completely different light. Our conduit lending options feature as a modern-day financing opportunity throughout the state.
Our Clients Love Us
13
Years In Business
2400
Transactions Funded
58
California Counties We Lend In
5
Days Closings Available
CONTACT PB TODAY
PB Financial Group is a direct hard money / private money lender you can depend on and trust. Our loans help our clients get back on track or seize new opportunities. To learn more, call us today at 877.700.3707 or email us at info@calhardmoney.com and let us provide you with a hard money loan.