If you’ve identified an investment opportunity, you know that time is of the essence in staking your claim.
Whether you have your eyes on an office building, industrial property, apartment or condominium complexes, restaurant, retail store, mobile home park, etc., the quicker you have the funds to make your purchase, the sooner your new income stream will begin to flow.
In this issue, the PB Financial Group, hard money lenders in Sacramento, will talk about the numerous reasons why hard money loans are the method of choice for investors who need funds quickly.
Are Hard Money Loans Strictly for Initial Purchases?
Not at all. While a large portion of commercial hard money loans is for the initial purchase of a piece of property, we also handle loans for individuals looking to refinance or expand their operations.
How Quickly are Funds Approved?
If you apply for a loan with a traditional bank, get ready to wait. It’s not unheard of for banks to take as long as 60-90 days to process a loan request.
Can you afford to wait that long? Are you sure your investment opportunity will still be available when the bank finally tells you whether or not they’re going to come through for you?
Contrast with the 2-3 weeks (sometimes, far quicker) turn around you’ll get from a hard money lender, like PB Financial Group.
In fact, it’s not unusual for your request to receive immediate underwriting – whether you’re a first-time investor or a business owner looking to expand. We act fast because we realize that in the business world, time literally is money.
What if there is a Tax Lien on the Property or it’s in Foreclosure?
While traditional banks will typically balk at the idea of lending money for a property with a tax lien or in foreclosure, here at the PB Financial Group, we pride ourselves on saying “yes” when others say “no.”
We’re known for our creative approaches in getting investors and business owners the capital they need regardless of their financial situation.
It is not a problem whether the property has a tax lien or in foreclosure, or whether you are facing poor credit and bankruptcy, we’ll work with you for a successful outcome.
To Find Out More about Hard Money Loans in Los Angeles, call PB Financial Group Today
If you’ve got an investment property in mind in Sacramento, the expert hard money lenders at PB Financial are here to help. We can make it possible for you to acquire the property far quicker than traditional lending outlets. To learn more or to schedule a consultation please contact PB Financial Group at 877.700.3707 or visit www.CalHardMoney.com.
PB Financial NMLS #357614/CalBre #01522495
