Secure A 2nd Position Loan For California Real Estate From PB Financial Group
PB Financial Group has 14 years of experience of providing 2nd position hard money loans to a variety of borrowers. We are known to get only into a loan agreement with thorough understanding of your specific preferences, and then designing a deal that fits your needs and gets the transaction completed before you can say “2nd position hard money loans in California” twice.
We offer hard money 2nd position loans to investors in California so they can secure interesting deals on unoccupied and owner-occupied properties for residential and commercial purposes. Working with us, you can easily qualify for a 2nd position hard money loan if you can commit a currently owned property of value proportionate to your need, property purchase, or in a cross-collateral scenario.
What’s a 2nd Position Loan?
A 2nd position loan or mortgage is recorded against real estate with an existing loan. While the already existing loan is called the senior loan on account of its seniority in recording, your 2nd position loan may also be referred to as the junior lien.
In situations where you might need a second mortgage, you will probably need to agree on a loan with a higher interest rate than your first mortgage.
That’s where a private 2nd position mortgage can help you in keeping your long-term loan in place and still borrow against the equity in your property.
2nd Position Loans for Bad Credit
PB Financial Group is a hard money lender with services that cover all of California. At PB Financial Group, We offer 2nd position loans over looking your credit and transactions history that may have an unsavory effect on a conventional loan application, such as foreclosures, bankruptcies, loan modifications, short sales, and bad credit.
To us, the worth of your promise of repayment – combined with the proportionate real estate collateral you attach – is enough to offer you a lightning-fast hard money loan.
In some instances, hard money 2nd loans can expedite the repairing of the borrower’s credit score, especially when it is used for debt consolidation.
Obtain All Purpose 2nd Position Hard Money Loans
Most 2nd position hard money loans are offered by hard money lenders for business purposes only, but PB Financial Group provides both consumer purpose and business purpose hard money loans. In case you are not aware of this distinction, a business purpose hard money loan is one where most of the borrowed funds are used for business purposes, such as investing in a business, purchasing investment real estate properties, or for starting a business.
On the other hand, if most of the borrowed money is used for consumer purposes, such as purchasing an RV, or a boat, personal debt consolidation, or remodeling your primary residence, the loan is considered a consumer purpose hard money loan.
Convinced yet? Get in touch with our customer support team today and apply for a 2nd position hard money loan with a lender you can rely on.
Frequently Asked Questions About Foreclosure Bailout Loans
1. What is a 2nd position loan and how does it work in California?
A 2nd position loan, often called a hard money second mortgage, is financing secured behind an existing first mortgage. Instead of refinancing your primary loan, a 2nd position hard money loan allows you to tap into available equity quickly and efficiently.
This strategy is especially beneficial if your first mortgage has a low interest rate or favorable terms that you don’t want to disturb. Borrowers throughout California use home equity loan 2nd position programs to access capital for business expansion, debt consolidation, property improvements, or investment opportunities. PB Financial Group structures these loans for speed, flexibility, and minimal documentation, making them ideal when time is of the essence.
2. Who can benefit from 2nd position hard money lenders in Los Angeles or across California?
2nd position hard money loans are ideal for:
- Real estate investors needing fast capital for acquisitions, renovations, or portfolio growth
- Business owners requiring short-term liquidity
- Homeowners with strong equity who cannot qualify through traditional banks
- Borrowers with credit issues, recent late payments, foreclosures, or bankruptcies
Because PB Financial Group focuses on asset-based lending, not credit scoring, many investors in Los Angeles and across California rely on our 2nd position programs for urgent opportunities or temporary cash flow challenges.
3. How do private money lenders evaluate eligibility for a 2nd position loan?
2nd position private money lenders evaluate primarily the property’s equity, not income or credit. The main factor is the combined loan-to-value (CLTV) ratio after adding the new 2nd position loan behind the first mortgage.
If the property value is strong and the first mortgage balance leaves room for additional leverage, PB Financial Group can typically approve a hard money second mortgage in a matter of days. Our streamlined underwriting process removes the delays that are common with banks and traditional lenders.
4. What are the advantages of getting a hard money second mortgage instead of refinancing?
A 2nd position hard money loan offers several advantages over refinancing:
- Keeps your existing first mortgage intact, preserving a low rate or favorable terms
- Avoids costly refinance fees and lengthy underwriting
- Provides fast access to capital, usually within 7–14 days
- Offers flexible loan structures tailored to investors and homeowners
- Ideal for time-sensitive deals or emergency liquidity needs
For borrowers who need funds quickly but don’t want to reset their first mortgage, a hard money loan second mortgage is often the smartest solution.
5. What types of properties qualify for a 2nd mortgage hard money loan?
PB Financial Group lends on a wide range of California property types, including:
- Residential single-family homes
- Multifamily properties
- Mixed-use buildings
- Commercial and industrial real estate
- Investment properties
- Owner-occupied homes (subject to additional regulations)
As long as the property has sufficient equity and is located in California, it may qualify for a 2nd position loan.
6. How fast can a 2nd position loan close?
Speed is one of the biggest advantages of a 2nd mortgage hard money loan. Unlike banks that require extensive documentation, PB Financial Group focuses on equity, allowing us to close most 2nd position loans in 7 to 14 days.
Our in-house underwriting, direct funding, and streamlined approval process allow borrowers to move quickly on time-sensitive opportunities.
7. Why choose PB Financial Group as your 2nd position hard money lender in California?
PB Financial Group is one of California’s leading lenders of 2nd position private money loans, known for fast closings, flexible loan programs, and decades of experience in the Los Angeles real estate market.
Borrowers choose PB Financial Group because we offer:
- Direct lending, no middlemen
- Fast approvals and closings
- Transparent terms and competitive rates
- Flexible, equity-based underwriting
- Over 19 years of local California lending experience
Whether you’re seeking a 2nd position home equity loan in California or a hard money second mortgage for an investment property, our team delivers the speed, flexibility, and dependable service borrowers rely on.
