One of the best strategies for improving your chance of a achieving a successful outcome on your real estate project is to work with experienced and reputable hard money lender in San Diego to secure the funding. The sooner the project can culminate, the sooner you will be able to reap the reward.
Below are some of the most common reasons cited by seasoned real estate investors for why it makes sense to utilize a hard money loan for your next project.
Credit Check Not Required
If you’ve tried securing a loan through your local bank or credit union, you probably know that one of the most important aspects of your loan application is your credit score. In fact, it is quite common for your credit score to be the determinative factor for a traditional lender. If that was not bad enough, even having “good” credit, does not guarantee a traditional bank will approve your loan application.Thus,it makes sense to work with a reputable hard money lender in San Diego such as PB Financial Group that will notdetermine your eligibility for a hard money loan based off of your credit score. Instead, the key factor is the potential return on investment from the project.
No Long-Term Financial Obligation
If you are looking to invest in fix-and-flip projects where a property is purchased for a short period of time before putting it back on the market, you probably do not want to be tied down by a multi-decade mortgage or lengthy repayment plan. Hard money lenders such as PB Financial Group offer greater flexibility with shorter-term loans so you only have to pay interest based on the amount of time you utilize the loan funds. Furthermore, your application can be approved in a matter of days.
Contact the Highly Reputable and Experienced Hard Money Lender in San Diego Today
At PB Financial Group Corp, we have been providing quick funding since 2006 and have funded over 2000 hard money/private money loans helping our clients with valuable property acquisitions, development, bankruptcy discharges, probate resolutions, and so forth. For further information or to schedule a consultation, please contact PB Financial at 877.700.3707 or visit www.CalHardMoney.com to learn more.
PB Financial NMLS #357614/DRE #01522495