How Can We Help You?
Corona has been labeled in many different ways over the years, including being called Riverside South and regarded as a suburb of greater Los Angeles. Historically, it is a city deeply rooted in agricultural activity, mainly citrus but also dairy. However, things changed dramatically in the early 1980’s when both industrialists and wealthy families began eyeing its industrial, commercial, mixed use and residential real estate markets for development and residence respectively. This new interest spurred fast appreciation in land values for the next twenty-five years, lulling the local real estate investors into a state of complacency.
The recession in 2008 rocked the Corona community hard; taking many landowners committed to first and second lien loans into the dreaded realm of bad credit ratings and deflated FICO scores. This had a major impact on the flexibility of residents to invest in new opportunities as property markets are traditionally out of reach to credit handicapped would-be investors.
Private Money Lenders Inc., a private money lender with innovative solutions, was the ideal fallback for Corona clients languishing under past transgressions. We are perfectly positioned to serve individuals, partnerships, trusts, corporations, LLCs, estates and foreign nationals interested in the Corona property arena. We have a wide array of funding options available for every eventuality, including private money loans, bridge loans, long-term private financing or investor loans.
Our competitors are perplexed when they see how speedily and efficiently we deliver first and second lien funding to our clients, along with the lowest interest rates and easiest terms in the business. The secret to our success in every Californian city (as well as Corona) lies in our steadfast policy of contract transparency. We magnify the small print to keep the playing field level, thus enabling us to uncover the equity value in the property with little fuss. With equity value established and terms clarified, both lender and borrower are immediately transported into the same comfort zone.
The PML professionalism comes to the fore in most especially in difficult situations where equity in the real estate is simply too thin. Our trained agents lead the clients through the maze by applying cross-collateralization. Similarly, with businessmen who face rising interest rates, we lead in the structuring of loans through refinancing options with no cash out limits.
Probably the most impressive feature of our hard money lending operation is cemented in the premise that size of the loan is of no consequence when it comes to attentive service. We make the same effort for clients looking for loans of $50,000 as we do for those seeking $2 million.
All in all, Private Money Lenders Inc. created a niche in the Corona property market by quickly connecting to its residents investing needs. Our ability to overcome practically every credit issue has resonated with our clients, and so the Corona grapevine has brought more to our door. It is evidence that a policy of putting clients needs at the top of the list is the only road when it comes to private money lending.
For more information or inquiries on our private money loan process in Corona, please email us at [email protected] or call +1(818)266-8848.
Private Money Lenders transactions are made possible by the special characteristics and requirements of private money lending. Our investors are protected with real estate, which is pledged as security in a trust deed and promissory note.
We are aware that brokers and related businesses may have trouble securing traditional funding options, and occasionally they may not be eligible. Private Money Lenders offers broker funding to such entities as one of the major players in the industry. It is possible to create specialized financing arrangements based on the needs of the broker requesting the financing.
What loan do you need?Hard Money LoanProbate LoanRehab LoanProperty LoanCommercial LoanConstruction Loan