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LendingHome 25 States Loan range: It can take months to close on a loan, which puts investors at risk of losing out on a particular investment property. Residential Hard money closes quickly in as few as 3 or 4 days depending on the circumstances. They just got one of my deals closed in 4 business days. US Department of the Treasury. Property management Real estate development Real estate investing Real estate flipping Relocation. I would give them 10 stars if I could.

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 · Hard money lenders would consider lending to these people if they can be assured that, if the loan goes into default, they can sell the house, pay off the first mortgage and still earn a profit Hard money lenders focus on the value of the asset as a way to recoup the principle amount and interest charges if the borrower ends up defaulting. Personal Loans Through NetCredit If you're looking for an unsecured loan to avoid putting up collateral, NetCredit offers unsecured, private personal It is the provision of an actual cash loan made to a borrower by a PRIVATE HARD MONEY LENDERS. Hard Money Loans are funded for business and personal use. The real estate asset may be business or personal property, and the proceeds of Hard Money Loans are not restricted to business

Benefits of working with us:

Helping Individuals Secure Private Loans

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 Corp. We cater to Investors, Rehabbers, Corporations, Probate Estates, and Sub Prime Money Borrowers who do not meet the stringent requirements of conventional underwriting guidelines.

As a direct lender, we make quick lending decisions and are able to streamline the loan process which provides a quick turnaround time on making a decision and solving your financing needs. If you are a seasoned Trust Deed Investor or a Hard Money Lender and would like to do more loans, or simply just looking to get started and would want to have a steady stream of quality loans on a monthly basis while minimizing your risk, PB Financial Group Corp. Realtors and hard money lenders serve the Investor.

Whether you're doing your first Hard Money Loan or an industry veteran, you will be pleased with our responsive account executives and strong operations team. We work together seamlessly to move your loan from submission to funding in the shortest amount of days while protecting each broker's interests. PB Financial Group Corp is a direct private money lender, hard money lender and bridge lender in California.

Our goal is to work to satisfy your financing needs on California real estate in a timely matter, may it be purchasing a property or refinance or providing bridge financing. We have simplified our private money loan, hard money loan approval process and simplified our broker approval. To become an approved private money broker with PB Financial Group Corp, simply fill-out the Broker Package and fax it to us fax number at Best of all, you do not have to wait for approval before submitting a loan scenario.

In order to get pricing you can also e-mail our pricing team at info calhardmoney. We just require broker approval before we get documents. We are able to provide fast turnaround on your files, which allows you to get your difficult-to-close borrowers funded quickly with the best service in the industry. 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. We would like to encourage you first to give us a call at They will then advise you on how to best structure a loan for you based on the information you provide them.

In turn, we then ask you to complete our loan application form and provide us with specific information on the subject property you wish to either purchase or obtain equity out of. Then send your information to us by either faxing it to After a thorough review of your submission, the account executive will then give you a call to discuss more in detail additional conditions to meet the requirements of closing your loan.

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. As a real estate investor, Pouyan Broukhim started PB Financial Group Corp in , 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. We believe that when rates increase it will result in cap rates increasing as well. However, the market has been saturated with cheap capital for the past seven-plus years and therefore we see a plateau forming in and In we plan on expanding our second mortgage loan production on commercial and multifamily properties as we see a lot of borrowers that have taken advantage of historically low rates and their desire to maintain low-rate first mortgages that they have already obtained.

As landlords and property owners need cash we believe that demands for second mortgages will increase. In addition, we see the need for purchase-money loans or loans issued by the seller pickup as investors try to capitalize on low rates while they are available. Therefore, offering bridge loans for the acquisition of distressed properties is another way that we can help investors.

With our reputation as a financial company that can fund loans in a matter of days instead of months, this gives us the clear advantage to help value-add investors grow their portfolios.

An increase in interest rates will also lead to more distressed commercial properties on the market. We plan to offer more bridge financing for opportunistic investors to capitalize on these distressed properties. Business opportunity will extend into and California has an estimated population of We anticipate the multifamily markets to flourish in With ever-growing demand for rental units, we anticipate an increase in both valuations and demand for financing among investors.

We hope to be a part of this market for a very long time and help investors take advantage of opportunities that arise. Our recommendation to borrowers in is for them to watch their debt load. This is a primary concern we have with our existing client base. Even though the market has been strong, we believe that access to debt will only lead to loss of opportunities if a slight correction occurs.

Therefore we recommend to all borrowers to borrow responsibly and to dispose of properties that are riddled with debt and take advantage of the seller market that we are in. By far the best company I have dealt with in general. Got my loan fast and with provided me with amazing customer service.

I received my loan in less then a week with no delay. They paid for everything witch really help me out as I ran out of money fixing the property now I'm almost done with the house and paying them back it is really an amazing deal to do.

If you are looking for a hard money loan, look no further. Peyman was able to get me a pre-qualification letter on the same day I made the first phone call!

Paul was also extremely helpful with the underwriting process. It was great to meet both in person and hope to do business with them soon again!

I worked with Pouyan and Paul, and both were great, responsive and professional. Pouyan knows this business inside and out and he gets things done FAST, as promised.

Will definitely work with them again. Pouyan got me a quick loan, he was well organized and had communication with me on every step. Excellent company in my opinion! I am an investor that just closed a First Trust Deed through PB Financial and they got this deal closed in 7 days from when I first contacted them looking for an investment. The owner, Pouyan and his assistant Paul, took my call every time I called and answered my emails within minutes.

They were both very courteous, professional and know the hard money loan business inside and out. Before you sign any paperwork from a hard money lender, review the terms of the loan with your lawyer. Private investors are subjected to very few regulations, so you should make sure your legal interests are protected. If your lender does not disclose any additional fees that might be included in the loan during your repayment schedule, this is a red flag.

Be sure to ask if the loan agreement includes all fees. If they also do not include a detailed repayment schedule including how much interest will accrue and how much of your payment will go toward the interest , then this is also a warning that it might be a bad loan.

This not always required, depending upon project and the net worth of the borrowing entity, such as a corporation. Remain in constant contact with your lender. Hard money lenders want to see that you're interested in this loan.

Return calls promptly and give them the information they need in a timely manner. Hard money lenders keep less capital on hand than banks. If you delay in getting back to a hard money lender, they may lend their assets to another borrower. Move quickly on your investment. Often, a hard money loan is granted for a property that will not be on the market for very long.

You should have all of your documentation correctly lined up so you can quickly put the loan to use. You should also give all of your team — from your construction workers to your designers — a clear time frame of when they will need to act. You will most likely need to sell the house within a year, so you will need to be efficient.

Prepare to cover an closing costs or additional underwriting fees for the loan. Often, hard money loans will require you to pay these additional costs in order to move forward with the loan. You should have the money in place to finance these costs. It will generally be cheaper if you can bundle your property insurance with a company you are already using for car insurance or life insurance. Pay back the loan. Most hard money loans are designed to be paid back quickly, usually within 12 months.

If you do not pay back the loan in time, then the lender might be liable to take your home as collateral. To avoid this, make sure you can easily afford the repayment schedule you stipulate in your loan agreement. Most hard money loans stipulate that you will repay the loan in one large payment after the house sells; this single payment will cover the principle on the loan as well as the interest.

Hard money loans are not meant for car loans. Is it possible, yes, but it is not advisable. The interest that you would pay is astronomical in comparison to a typical loan. Not Helpful 0 Helpful 3. Is it mandatory for a borrower to pay loan fees or application fees before the loan is disbursed? No; if the lender is honest, then any and all fees should come off the back end. Not Helpful 0 Helpful 2. When I get a hard money loan why do I need a notary?

Answer this question Flag as I am needing help finding a loan and affordable Include your email address to get a message when this question is answered. Already answered Not a question Bad question Other. Tips Recent data has shown that hard money loans are frequently being used to renovate homes in the high-end real estate market.

Thanks to all authors for creating a page that has been read 80, times. Did this article help you? Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy. Brandiann Portillo Apr 28, After reviewing this article, I realized it's exactly what I'm looking for. ER Elizabeth Ross Sep 27, A Anonymous Oct 1, Quick to get me thinking!

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 · Hard money lenders take a different approach: they lend based on collateral securing the loan, and they are less concerned about your ability to repay. If anything goes wrong and you can’t repay, hard money lenders plan to get their money back by taking the collateral and selling  · A hard money loan might be an appropriate option if you do not have a high enough credit score to secure a loan from a bank. They are generally used as "bridge" loans between construction financing and long term loans; hard money loans are often used for construction because longterm lenders may want finished and leased Hard money personal loans are type of loan that will provide you with the money that you need without having to work with a traditional lender. Here are the basics of hard money personal loans and how they can be beneficial. Hard Money Personal Loans. Hard money loans are provided by individual

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