Santa Maria residents, buried under bad FICO scores and poor credit reports, have found a valuable resource in a Hard Money Lender of note. It has enabled them to get back into the city’s Industrial, Commercial, Mixed Use, and Residential property markets.
Santa Maria is a unique city located conveniently close to Los Angeles (only around 150 miles) and less than half of that from Santa Barbara. The city is indeed the biggest population-wise in Santa Barbara County, and this is no wonder given that it is considered a primary wine making hub. Given all this and being a stone’s throw from the Southern Californian Coast it attracts tourists all year round and promises a high-level lifestyle to residents that call Santa Maria home. On the downside, if one sees things retrospectively, many investors interested in acquiring properties in this part of the world are prevented from doing so by past mistakes. Faulty credit connected to FICO scores that cannot pass the traditional litmus test preclude thousands from obtaining first and second lien loans.
In the US and in Santa Maria the spirit of innovativeness is alive and well. There are not many real estate financing entities more innovative than PB Financial Group, a hard money lender changing all the Californian borrowing rules. We have introduced clients wallowing in credit-problem waters to new roads into this city’s industrial, commercial, mixed-use and residential real estate opportunities. Our astute loan agents report that they have successfully concluded property deals for individuals, partnerships, trusts, corporations, LLCs, estates and foreign nationals alike. There is no client of any size (from $50,000 to $2 million loan applicants) excluded from accessing our range of investment options: private money loans, bridge loans, long-term private financing, and pure investor loans. All are designed to bypass almost any traditional loan obstacle.
The startling thing about our activity is the way we beat the competitors at the most fundamental aspects of the real estate funding business. First off, we pinpoint the equity in the property with professional ease. Once done and in keeping with our policy of transparency, we get the small print out of the way. Thus we clear the way for low-interest rates to enter the contract. Clients are surprised at how speedily deals close, while at the same time the terms remain investor-friendly and fair.
Another yardstick of our superior performance stands out when indeed the real estate equity value is elusive. We resort to a technique known as cross-collateralization to get the same job done quite differently. A happy client emerges no matter what. This extends to businessmen that seek refinancing loan solutions to combat rising interest rates. Again, PB comes to the rescue with the added sweetener of no cash out limits.
PB Financial Group entered Santa Maria to assist with marginalized clients but has settled in to be the private money lender of choice to almost all Santa Maria investors. Clearly, our reliability, integrity, never-say-die attitude and transparency are all-important requirements when it comes to real estate financing in this city.