For entrepreneurs and business owners – or those who wish to be – finding the ideal location for their income-generating properties is often not nearly as difficult as securing a bank-issued loan to close the deal. Hence, many choose to leverage the strength and nimbleness of hard money loans in Los Angeles.
In this issue, the professional hard money lenders at PB Financial Group will share insight into the various reasons why hard money loan is such a reliable option for those who want to secure regular income generating commercial properties.
Hard Money Loans Makes Sense for Commercial Real Estate – Here’s Why:
You Get Your Funding Far More Quickly.
A recent article from Forbes magazine chronicled the many ways private lending is reshaping the U.S. mortgage landscape. Chief among the reasons was the quickness of the approval process for hard money loans.
While many banks will tell potential lenders that their commercial loan can be processed in about 45 days, the truth of the matter is that many will take between 60-90 days to approve and close your loan request – and that’s with the assumption that everything goes accordingly.
Your Credit Score – good or bad – is Not the Derivable Factor in the Approval Process.
With traditional banks, your credit score and income history are among the most important factors in determining the approval of your commercial loan.
Hard money lenders such as PB Financial, however, are more concerned about the value of the property in which you’re wanting to invest. They are willing to fulfill loans in spite of questionable credit scores and income history.
A Team of Experts on Your Side.
Hard money lenders such as PB Financial Group, are just as eager as you are for the investment opportunity to be successful; thus provide their clients with invaluable feedback and guidance when necessary that can greatly benefit you and play a vital role in the success of your investment.
With expert hard money lender like PB Financial Group, loan funding for commercial real estate, typically takes 2-3 weeks.
We know that time is of the essence; especially in real estate. Hence, if you have an investment property in mind and need funding, contact the leading hard money lenders in Southern California at PB Financial Group, whom are ready to discuss your case at 323.935.5555 or visit www.CalHardMoney.com for further information.
PB Financial NMLS #357614/CalBre #01522495