Recent Transactions - PB Financial Group Corp | Hard Money Lenders CA

RECENT TRANSACTIONS

877.700.3703

Recent Transactions

SFR
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
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.
Office Building
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.
SFR under Rehabe
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.
Retail
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.
SFR
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.
primary residence
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.
SFR
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.
5 Unit Building
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.
Residential Land
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.
SFR
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.
Triplex
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.
Stated O/O Business Purpose
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.
Stated 1st
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.
Apartment Building
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.
SFR N/O/O
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.