Recent Hard Money Loans Transactions in California | PB Financial

RECENT TRANSACTIONS

877.700.3703

Recent Transactions Across California

RECENT TRANSACTIONS
Type of Property: Vacant Land
Loan Purpose: Purchase
Location: San Jose, CA
Loan Amount: $250,000
Details: LLC borrower was looking to acquire a vacant land with 50% down payment needed a quick close escrow as borrower was out if escrow. We were able to underwrite the loan in 24 hours and close in 7 business days from start to finish.
Type of Property: SFR
Loan Purpose: Cash-out Refinance
Location: Beverly Hills, CA
Loan Amount: $1,500,000
Details: We were able to fund a $1,500,000 cash-out business purpose loan on borrower's PR to acquire an added value commercial property in Los Angeles. Borrower is a real estate investor with equity in his primary residence, we helped him tap into his equity with our Stated Income Business Purpose Loan.
Type of Property: SFR
Loan Purpose: Purchase
Location: Merced, CA
Loan Amount: $213,000
Details: Borrower was acquiring a SFR investment property with fico scores of 488/549/548. We gave the borrower a Stated income purchase money loan and closed in 10 days from start to finish. PB Financial Group Offers 1st and 2nd position Stated Income with any fico score.
Property loans in Los Angeles
Type of Property: SFR
Loan Purpose: Purchase
Location: Visalia, CA
Loan Amount: $178,000
Details: Borrower was able to acquire a bank owned property for $223k, the "as is" value we received from our appraiser came in at $325k, we gave the borrower 80% LTV on the purchase price. WE didn't require income documents and we funded in 10 business days
Land Loan
Type of Property: Land
Loan Purpose: Refinance
Location: Moreno Valley, CA
Loan Amount: $490,000
Details: PB Financial Group Corp financed 3 continues lots zoned residential refinance. Borrower needed funds to get his final approvals and get his entitlements in place. We gave the borrower an 18 month loan fixed IO going stated income. Once borrower gets approvals he will take us out with a construction loan
SFR Bridge Loan
Type of Property: SFR Bridge Loan
Loan Purpose: Cash-Out Refinance
Location: San Ramon, CA
Loan Amount: $375,000
Details: Borrower had the property listed for sale and needed cash to close on another property. We gave the borrower the cash-out required to complete her purchase and have reserves until subject property closes escrow. From start to finish we funded the loan in 7 business days & our program was stated income
SFR LosAngeles,CA
Type of Property: SFR
Loan Purpose: Purchase
Location: Los Angeles, CA 90003
Loan Amount: $251,650
Details: Borrower needed 75% of the purchase price and close in 7 days from the day he approached us. We did an 11 month loan fixed IO and the property was vesting on a LLC. The guarantor had a fico score of 540
SFR SanJose,CA
Type of Property: SFR
Loan Purpose: Large Cash-out Bus
Location: San Jose, CA
Loan Amount: $1,440,000
Details: Borrower required a 7 figure cash-out for business purpose and we provided a stated business purpose loan with more then 1 million cash-out. We were able to close the loan in 7 days from start to finish with no income documentation required
Retail LosAngeles,CA
Type of Property: Retail
Loan Purpose: 1st
Location: Los Angeles, CA
Loan Amount: $275,000
Details: Commercial vacant property purchase, borrowers were in an exchange and needed to close in 7-10 days without an appraisal. We gave the borrowers 3 years to be able to rehab, rent the units and stablize the property
SFRRental Whittier,CA
Type of Property: SFR Rental
Loan Purpose: 1st
Location: Whittier, CA
Loan Amount: $353,993
Details: Borrower had fico scores in the low 600s and required a Stated/Verified program on this purchase. We gave the borrower 70% of the purchase going stated investment SFR purchase and we were able to close the file in 7 days from start to finish.
SFR Antioch,CA
Type of Property: SFR
Loan Purpose: 1st
Location: Antioch, CA
Loan Amount: $420,000
Details: Borrower required a Stated Loan for his LLC to buy a SFR in the City of Antioch. We gave LLC a purchase money first up to 70% on a 5 year loan fixed interest only with a 6 month PP. The guarantor had a 633 fico score with multiple mortgage lates.
combine img
Type of Property: SFR/Duplex
Loan Purpose: 2nd
Location: Torrance, CA
Loan Amount: 300,000
Details: PB Financial Direct Hard Money Lender funded a cross on an investment SFR and a Duplex in the City of Torrance, CA in 2nd position going up to 61% CLTV. We gave the borrowr a 5 year term on a Stated 2nd position loan.
Vacantland CathedralCity,CA
Type of Property: Vacant Land
Loan Purpose: 1st
Location: Cathedral City, CA
Loan Amount: $500,000
Details: Borrower with fico scores below 500 needed to refinance and cash-out $500,000 to do predevelopment on property he had inhereted. We financed the vacant land on a 3 year loan fixed interest only going stated income.
Appraisal Report
Type of Property: Assisted Living
Loan Purpose: 1st
Location: Manteca, CA
Loan Amount: $5,000,000
Details: Borrower with low fico and was required to pay a large settlement. PB Financial provided the borrower with a $5,000,000 cash-out to pay off all legal fees, settlement due and give the borrower cash-out for expansion of business. Our term was fixed for 3 years going interest only with a 6 month PPP.
Apartment LosAngeles,CA
Type of Property: Apartment
Loan Purpose: 1st
Location: Los Angeles, CA
Loan Amount: $494,000
Details: Borrower had mid fico scores and was looking to closing on a Stated Apartment Building loan and cash-out $450k. Borrower chose to move forward with PB Financial as we gave them a 5 yr fixed IO loan with a 6 month pp with 7 days closing.
MixUse LosAngeles,CA
Type of Property: MixUse
Loan Purpose: 1st
Location: Los Angeles, CA
Loan Amount: $1,100,000
Details: Borrower needed to satisfy his exchange is 5 days. From open of escrow to close of escrow took 5 days on this commercial mix use property purchase in Los Angeles, CA. We were able to save the $700,000 in taxes by closing in
sfr proprt
Type of Property: SFR
Loan Purpose: 1st
Location: Victorville, CA
Loan Amount: $110,000
Details: LLC was purchasing this bank owned home. LLC was purchasing the property for a min of 3 YRS IO. We gave the borrower the 3 yrs w/6 mth pp. We gave the borrower 70% LTV on PP and closed in 7 days going Stated Income/Verified Asset.
Apartment – Los Angeles
Type of Property: Apartment
Loan Purpose: 2nd
Location: Los Angeles, CA
Loan Amount: $1,500,000
Details: Borrower required a $1,500,000 cash out in 2nd position. Borrower required the funds to close on another 5 unit and needed to close without an appraisal.We funded this 2nd position loan up to 45% CLTV with $1.5 million cash-out going stated income
:Unit CrescentCity,CA
Type of Property: 6 Unit
Loan Purpose: 1st
Location: Crescent City, CA
Loan Amount: $262,150
Details: Borrower with a 614 fico score was looking to purchase a distressed 6 unit in Crescent City, CA. PB Financial was able to a fund a purchase loan up to 70% of the purchase going stated/verified. Because timing of an issue we closed in 5 days and used a BPO instead of a tranditional appraisal.
SR lakeSherwood,CA
Type of Property: SR
Loan Purpose: 1st
Location: lake Sherwood, CA
Loan Amount: $2,100,000
Details: Borrower required $1,500,000 quick business purpose cash-out on his primary residence up to 60% LTV. We were able to close the loan under 10 days going Stated Business Purpose Loan.
Industial Fresno,CA
Type of Property: Industial
Loan Purpose: 1st
Location: Fresno, CA
Loan Amount: $325,000
Details: Borrower needed financing on a purchase of an industrial property in the City of Fresno and required to close in 2 weeks. Property use to be a Almond Farm and Farm is no longer in operation. Property was deliver to our buyer vacant.
RECENT TRANSACTIONS
Type of Property: SFR
Loan Purpose: 1st
Location: Costa Mesa, CA
Loan Amount: $520,000
Details: The borrower needed to refinance his underperforming commercial property. Property had a very low DSR as the borrower was looking to re-position the property. We gave him a $520K loan for 3-years with a 6 month prepayment penalty and closed out the file in 14 days.
:SFR PacificGrove,CA
Type of Property: SFR
Loan Purpose: 1st
Location: Pacific Grove, CA
Loan Amount: $1,200,000
Details: We funded the borrower's loan at 70% LTV Stated/Verified under a LLC. Managing member had a 570 fico score going stated. We were able to fund the loan in 7 Days.
OfficeBuilding CostaMesa,CA
Type of Property: Office Building
Loan Purpose: 1st
Location: Costa Mesa, CA
Loan Amount: $650,000
Details: Borrower reached out to us after another company had promised him the world and couldn't deliver. He put down 40% and we gave him a 9.50% on a 5 year Fixed IO with a 6 month PP with a 2.00%. We did not require any income documents and closed in 7 days.
RECENT TRANSACTIONS
Type of Property: SFR under Rehab
Loan Purpose: 1st
Location: Beverly Hills, CA
Loan Amount: $650,000
Details: Borrower had multiple tax liens that needed to be paid off and property was undergoing renovations. We gave the borrower a stated loan and paid off all his business tax liens and gave him funds to finish up his Spec Home.
RECENT TRANSACTIONS
Type of Property: Retail
Loan Purpose: 1st
Location: Inglewood, CA
Loan Amount: $297,000
Details: Borrower had a 12% rate on the first and wanted to refinance his retail investment property. His loan was coming due and was being pressed by the lender. We gave the borrower a 60% LTV loan with rates in the 9s and a 6 month prepayment penalty.
RECENT TRANSACTIONS
Type of Property: SFR
Loan Purpose: 1st
Location: Pacific Grove, CA
Loan Amount: $945,000
Details: We funded the borrower's loan at 70% LTV Stated/Verified under a LLC. Managing member had a 570 fico score going stated. We were able to fund the loan in 7 Days.
RECENT TRANSACTIONS
Type of Property: Cross SFR
Loan Purpose: 1st/2nd combo
Location: Redwood City, CA
Loan Amount: $435,000
Details: Borrower used the equity to finance a new purchase of an invesment property. We cross colaterized two properties into one loan and held a 2nd position loan of the property that was crossed for a CLTV of 65% LTV.
RECENT TRANSACTIONS
Type of Property: SFR
Loan Purpose: Stated 2nd
Location: Santa Cruz, CA
Loan Amount: $435,000
Details: Self-Employed borrower need a business cash infusion into his growing business. He gave him a stated 2nd position on his primary residence with a 30 due in 5 year. We were able to fund the loan in 14 business days.
RECENT TRANSACTIONS
Type of Property: 5 Unit Building
Loan Purpose: Refinance
Location: Berkeley, CA
Loan Amount: $450k 2nd
Details: Borrower was looking to pull out $450k on a 5 unit apartment building and didn't want to touch their existing 1st. PB Financial closed the loan in two weeks.
RECENT TRANSACTIONS
Type of Property: Residential Land
Loan Purpose: Purchase of Land
Location: Glendale, CA
Loan Amount: $165,000
Details: Borrower purchased a residential land in Glendale to develop. Borrower needed a purchase money land loan at 50%LTV. After close of escrow borrower will get plans and permits and apply for a construction loan.
RECENT TRANSACTIONS
Type of Property: SFR
Loan Purpose: Stated Refinance under a Corporation
Location: Hayward, CA
Loan Amount: $163,500
Details: Borrower needed to refinance an investment property under a LLC. Property was purchased about 3 months and we based our loan on the current market value. We needed up funding the loan in 7 business days.
RECENT TRANSACTIONS
Type of Property: SFR
Loan Purpose: Stated Purchase Investment Triplex
Location: Fontana, CA
Loan Amount: $280,000
Details: Broker and borrower were promised the world by a different lender and lender was unable to perform. PB Financial was able to give the borrower the 70% LTV that was required to close and PB Financial funded in the name of the LLC and fund in 5 business days.
RECENT TRANSACTIONS
Type of Property: Stated O/O Business Purpose
Loan Purpose: Stated 2nd
Location: Mountain View, CA
Loan Amount: $200,000
Details: Borrower had multiple lates because of his modificationa and we provided him a stated 2nd position business purpose loan with a CLTV of 55%. We did not require tax returns as the funds were used to purchase additional inventory for the borrower expanding business.
RECENT TRANSACTIONS
Type of Property: Commercial
Loan Purpose: Stated 1st
Location: Los Angeles, CA
Loan Amount: $490,000
Details: Borrower wanted a loan without a long prepayment penalty and needed to close within 7 days. We funded his commercial property quickly and our prepayment penalty was ONLY the first 6 months.
RECENT TRANSACTIONS
Type of Property: Apartment Building
Loan Purpose: Rate and Term
Location: Los Angeles, CA
Loan Amount: $525,000
Details: Borrower was required to payoff his 2nd position loan that was against 2 different properties. We did a 2nd for the borrower and saved him foreclosure, CLTV was 42% and we closed after we received all the payoff demands that were against the property.
RECENT TRANSACTIONS
Type of Property: SFR N/O/O
Loan Purpose: Invest Purchase
Location: Gilroy, CA 95020
Loan Amount: $369,000
Details: After working with another Hard Money Lender for 3 weeks borrower's broker decided to come to us and close. Other lender wasn't able to deliver on 70% LTV and we picked up the pieces and funded in 5 business days.