Irvine Residents with Poor FICO Scores Who Apply for Mixed Use, Residential, Commercial and Industrial Loans Rely on the Master Plan of an Experienced Californian Hard Money Lender.
Irvine is a Californian master planned city that has attracted over 200,000 residents, important corporations and prominent colleges. Unfortunately, the fastidious detail that went into establishing this metropolis on new land (in the 1960’s) did not extend to planning the financial arrangements of investors in Irvine’s industrial, commercial, mixed use or residential property markets. It is evident that many first or second lien loans are marked by poor investor observance of credit requirements – thus affecting FICO ratings detrimentally. The net effect of this is curtailed leverage in taking advantage of current Irvine real estate opportunities.
Challenges generated by credit breakdown present an openings for hard money lenders like PB Financial Group, a Californian company that provides equity-based lending for real estate properties. As a result, Irvine residents – even those with less than desirable credit backgrounds – have a professional shoulder to lean on in obtaining bridge loans, long-term private financing, private money loans and investor loans. We have a team of agents versed in every aspect of loan securitization, and all the threats against making this a reality for individuals, partnerships, trusts, corporations, LLCs, estates and foreign nationals.
We push all the credit distractions aside by pressing forward to determine the equity value in the real estate. Once this is detected and established, we can scale most credit obstacles. At the same time we structure interest rates that are highly competitive. All our clients are in agreement that we are fully transparent, which means that the small print is dealt with in the same way as the more prominent terms of the loan agreement. Moreover, we are fast and efficient in reaching a closure and making sure that the loan redemption is contained within the client’s comfort zone. Most importantly, the magnitude of the loan (i.e. $50,000 all the way up to $2 million), does not determine the attention we pay to client needs. Every client, no matter what detail the loan application involves, receives the full benefit of all our company’s substantial in-house resources and experience.
PB Financial Group is not afraid to step out of traditional boxes and stick its neck out for our client. For example: even if equity in the asset is unattainable at an acceptable level, we employ a tactic we call cross-collateralization. It has functioned very well for most of our “marginal” clients. Also, we are very active in the sphere of refinancing business loans – with no cash out limitation. So many clients are pressing us for solutions as rising interest rates continue to be a concern. It is no wonder that other hard money lenders are finding it near impossible to pierce the client loyalty we have built over the years, throughout Irvine and indeed California.
The landscape for borrowing funds in Irvine real estate is shaping up to look like a great master plan – in line with the rest of the city. Implementation is methodical, reliable, streamlined and professional in every respect whenever PB Financial Group is involved. The net result is a growing number of Irvine residents who can rest easy as they go forward into the real estate arena as it unfolds in this city, or anywhere in California for that matter.