One of the primary benefits of obtaining a hard money loan is that you will have additional financing options. Because you won’t have to endure the lengthy loan application process associated with conventional loans, you can receive funds more quickly with less paperwork and a shorter period in which the loan must be paid back. It is no surprise that many individuals find working with hard money lenders in San Diego and surrounding areas to be an excellent fast alternative.
Additionally, you are granted far more collateral options when you choose to apply for a business purpose hard money loan. Because the loan is often determined in part by the value of the assets being offered as collateral, individuals who are short of funding their business ventures may choose to include immovable property assets such as a home, apartment building, a commercial property or other San Diego real estate. Of course, when you are risking your own possessions to secure a loan, you should always proceed with caution. However, the risk can be worth the reward when you repay the loan responsibly and in the allotted time, especially when you have an immediate use for the funds that will provide you with much value, greater than the cost associated with the Hard Money or Bridge Lender.
Yet another benefit of hard money loans is the flexibility of the loan terms when it comes to structure. Lending terms, payment schedules, and more can be tailored to meet your needs so you can carry out and finish the project at hand and not be concerned of the loan ballooning in your face in a short amount of time.
PB Financial Group is a premier hard money lender and bridge lender in San Diego and surrounding Counties, offering loans to investors, corporations, trust, individuals, partners and other entities. By providing fast funding to countless clients seeking creative financial solutions, PB Financial Group has established a reputation of excellence.
PB Financial NMLS #357614/DRE #01522495