When dealing with a true hard money lender, experience is the key to closing real estate loan matters. At PB Financial Group Corp we have been providing quick funding since 2006 and have funded over 1700 hard money/private money loans.
We understand what it takes to close California hard money loans quickly and efficiently, and the main key ingredient is communication. That’s what makes us “California’s Premier Hard Money Lender”! As our client you will receive quick replies to all your questions and concerns.
We understand not all loans fit into the same box so we’ll provide a tailored program that fits your best needs at the best available pricing.
As a direct California Hard Money Lender we are the decision makers, and therefore, we’re able to provide quick timeframes from underwriting to loan docs to funding. Let us show you how quickly we’re able to close for you!
PB Financial Group – Hard Money Lenders in Los Angeles
What is Hard Money Lending?
Hard Money Lending is a form of asset-based financing where the funds of the borrower will be secured from the value of a property’s equity. Interest rates are generally higher compared to conventional loans issued by a financial institution. Hard Money Lending is mostly funded by private entities secured by notes to private investors.
How do I pre-qualify for a Hard Money Loan with PB Financial Group Corp?
What does PB Financial Group Corp. look for when pre-qualifying a loan application?
PB Financial Group Corp. looks first on the equity of your property. From there we can determine exactly on what the lending limits will be based on your ability to repay, debt-ratio, proof of funds for reserves (for purchase transactions), and your long-term goals with the property. Stated and No Doc programs are available for qualified investment properties and other non-owner occupied properties. PB Financial Group Corp. will help advise you on what you need to understand about your loan (Interest Rate, Terms, Prepayment Penalty, Cost, Title Issues, etc.), and how your decision can help towards the investment on your property.
As a real estate investor, Pouyan Broukhim started PB Financial Group Corp in 2006, he saw a need to provide financing to many individuals who where left out of the real estate market and how the real estate market was going to be effected by subprime loans and negative amortized loans. Pouyan realized that the market was going to be changing and not for the best as lenders were making high Loan to Value loans that were not realistic. He decided to open PB Financial Group Corp to help clients regain the equity that they lost when the prices dropped.
Pouyan Broukhim’s recent interview with
WESTERN REAL ESTATE BUSINESS
discussing recent trends in 2017 for Commercial Real Estate:
What is the biggest challenge you anticipate for commercial real estate finance in 2017?
The biggest challenge ahead is uncertainty in credit markets that will bring rate increases to the private money sector which has been growing in a way of increased funding from institutional and hedge fund markets over the last 24 to 36 months.
What are you most optimistic about for 2017?
We are very optimistic for 2017, because we expect borrowers who have been sitting on the sidelines with cash to take advantage of lower interest rates and log into longer fixed interest rates on apartment buildings and commercial loans. We believe the start of the Fed increasing rates will positively affect the real estate market as a whole. Until affordability is challenged, the real estate market will be strong in all aspects.
What sectors of commercial real estate are you seeing the most activity with?
Apartment buildings always have high activity and that activity will only increase. With rental rates increasing, we see a lot of investors taking advantage of transactions that require repositioning for the highest and best rate of returns on their investments.
Are there any property types where lending has slowed noticeably?
We believe retail will experience growing pains as online retailers take a bigger market share from smaller retail stores. We are very cautious in lending to bigger retail stores with high overhead.
What other factors will most affect the lending environment in 2017 — and specifically what effects do you anticipate?
I think the challenges we will see in 2017 are going to be the by-product of interest rates. We expect the market to get hot before it stumbles about 10-15% in 2018 to 2020.
- Property values/cap rates – The apartment market will have much lower caps as investors get more aggressive with the opportunities in repositioning their assets.
- Are you seeing changes in underwriting? Underwriting standards seem to be relaxing as competition from new investors and banks see higher profit margins with the increase in rates.
- Legislative/governmental – There is high probably that the incoming administration will reduce regulation, but regulation is not bad in this growing environment, and a projection in decrease in values within 18 to 36 months.
With regard to commercial real estate, what are the bright spots(geographically or by property type) and what are the weak spots (geographically or by property type)?
As bigger cities get bigger, we expect apartments and units in major metropolitan cities to grow significantly in the next 12 to 36 months as there is a major shift in affordability with minimum wage increases.
Date:July 11, 2017
You have reached your destination if you are searching for highly effective, no nonsense hard money lenders in Orange County, California. PB Financial Group brings the ideal set of strength to the table, and it all starts with the experience factor.
Date: July 22, 2017
PB Financial Group makes hard money loans in Los Angeles that are highly sought after by real estate investors. We do not place much emphasis on credit histories when we are asked to provide funding for real property transactions. As long as you have a minimum of 40 percent equity in the property, it is likely that we will be able to approve the loan. You can have the funds in a week or two under routine circumstances, but we can expedite and provide five day closings if necessary.