Private Money Mortgage Brokers In Los Angeles, CA for Residential & Commercial Properties
Whether you’re doing your first Hard Money Loan or are an industry veteran, you will be pleased with our responsive account executives and strong operations team. We work together seamlessly to move your loan from submission to funding in the shortest amount of days while protecting each broker’s interests.
PB Financial Group Corp. recognizes the important role brokers play in our business. We value and appreciate your decision to be a part of the company. In acknowledging your worth to our business, we can review loan scenarios without necessarily being an approved broker. If you would like to get pricing, please email [email protected] with a full scenario and someone will call you soon.
Please download our Broker Package and fax it to our fax number at 323-935-5580. and fill out the Broker Package and fax to us at (866) 318-4471 before documentation of the loan ensues.
For Loan Submission Approval, please provide the following documents for our review.
Residential Properties
- PB Financial Submission Form – Download form
- 1003
- 1008
- Signed Borrowers Authorization
- Credit Report
- Two Forms of Identification
- 15 – 20 Interior/Exterior Photos of the Property or Appraisal Report (if applicable).
- Evidence of Insurance – Declaration Policy Page
- Proof of Funds -2 months most recent bank statements (for purchase transactions).
- Income Documents -for Owner-Occupied properties (2 months most recent pay stubs, last 2 fiscal year tax returns, YTD Profit and Loss Statements); -for Self-Employed Borrowers (2 years personal and business tax returns).
- For Purchase Transactions we would need:
- Purchase Contract
- Escrow Receipt of Deposit
Additional Conditions may apply after thorough review of the application.
Commercial Properties
- PB Financial Submission Form – Download form
- 1003 -for designated signatory of the loan
- Signed Borrowers Authorization -for designated signatory of the loan
- Credit Report
- Two Forms of Identification including Business License
- 15 – 20 Interior/Exterior Photos of the Property or MAI Appraisal Report
- Evidence of Insurance – Declaration Policy Page
- Articles of Incorporation/Organization
- Operations Agreement
- Rent Roll
- Expense Report
- Year to Date (YTD) Profit and Loss Statement.
Additional Conditions may apply after thorough review of the application
Our contact information for loan submission is as follows:
PB Financial Group Corp.
6380 Wilshire Blvd #1610
Los Angeles, CA 90048
Tel No: (323) 935-5555
Fax No: (866) 318-4471
Email:
[email protected]
To become an approved broker, please completely fill out our Broker Package.
There are many advantages to using our hard money / private money wholesale approach when funds are needed for any business purposes, debt consolidation, cash deposit for a new property purchase, etc. Our private money wholesale is a revenue strategy for our long-standing mortgage brokers.
We provide you these funds at the most competitive rate and cost in the industry. Our relationship with Escrow and Title companies has proven to process our loan closings at the most efficient level. We have a pool of approved appraisers from each county who are instrumental to give your client the best value approach to a property’s worth. And conditions are most flexible to accommodate some of your borrower’s limits.
Program Highlights:
- Loan amounts from $50,000.oo to $2 Million in 1st position.
- 2nd Position loans from $100,000.00 to $1,000,000.00 up to under 60% CLTV for 60 months.
- Foreclosure/NOD, Bankruptcy, Bad Credit – Okay
- Purchase Money and Refinance Transactions
- FICO problem – Okay
- SISA, SIVA, and No Doc available on NOO and Investment Properties.
- Probate Loans – Okay
- Rehab and Construction loans available
- Property Inspection in lieu of Appraisal Reports, case-by-case.
- Corporations, LLC’s, and Trusts – Okay
- SFR and 1-4 Units up to 70% LTV. 12 Months to 10 Year Programs available.
- Industrial up to 65% LTV Interest Only or partially amortized available, terms vary up to 5 years.
- Commercial up to 65% LTV Interest Only or partially amortized. 3 Months to 20 Years Loan Terms.
- Apartment Building Loans up to 65% to 80% LTV. Interest Only or Partially Amortized up to 20 years.
- Mix Used properties up to 65% LTV. Interest Only or Partially Amortized up to 5 years.
- Owner Occupied Stated Business Purpose 1st, 2nd and 3rd positions available. Funds must be used for the following purposes: purchasing business, expanding business (purchasing inventory, buying out a business partner, investing in advertising, etc.) or purchasing other income producing or flip opportunities, or other financially viable and verifiable business opportunity
