Corona has Invited a Hard Money Lender to help its Credit Burdened Residents Emerge Stronger than Ever. PB Financial Group has been there Every Step of the Way, Bringing Revived Investors back into the City’s Industrial, Commercial, Mixed Use and Residential Property Markets.
Corona has been labeled in many different ways over the years, including being called Riverside South and regarded as a suburb of greater Los Angeles. Historically, it is a city deeply rooted in agricultural activity, mainly citrus but also dairy. However, things changed dramatically in the early 1980’s when both industrialists and wealthy families began eyeing its industrial, commercial, mixed use and residential real estate markets for development and residence respectively. This new interest spurred fast appreciation in land values for the next twenty-five years, lulling the local real estate investors into a state of complacency.
The recession in 2008 rocked the Corona community hard; taking many landowners committed to first and second lien loans into the dreaded realm of bad credit ratings and deflated FICO scores. This had a major impact on the flexibility of residents to invest in new opportunities as property markets are traditionally out of reach to credit handicapped would-be investors.
PB Financial Group, a hard money lender with innovative solutions, was the ideal fallback for Corona clients languishing under past transgressions. We are perfectly positioned to serve individuals, partnerships, trusts, corporations, LLCs, estates and foreign nationals interested in the Corona property arena. We have a wide array of funding options available for every eventuality, including private money loans, bridge loans, long-term private financing or investor loans.
Our competitors are perplexed when they see how speedily and efficiently we deliver first and second lien funding to our clients, along with the lowest interest rates and easiest terms in the business. The secret to our success in every Californian city (as well as Corona) lies in our steadfast policy of contract transparency. We magnify the small print to keep the playing field level, thus enabling us to uncover the equity value in the property with little fuss. With equity value established and terms clarified, both lender and borrower are immediately transported into the same comfort zone.
The PB professionalism comes to the fore in most especially in difficult situations where equity in the real estate is simply too thin. Our trained agents lead the clients through the maze by applying cross-collateralization. Similarly, with businessmen who face rising interest rates, we lead in the structuring of loans through refinancing options with no cash out limits.
Probably the most impressive feature of our hard money lending operation is cemented in the premise that size of the loan is of no consequence when it comes to attentive service. We make the same effort for clients looking for loans of $50,000 as we do for those seeking $2 million.
All in all, PB Financial Group created a niche in the Corona property market by quickly connecting to its residents investing needs. Our ability to overcome practically every credit issue has resonated with our clients, and so the Corona grapevine has brought more to our door. It is evidence that a policy of putting clients needs at the top of the list is the only road when it comes to private money lending.