Corona has been labeled in many 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, primarily citrus but also dairy. However, things changed dramatically in the early 1980s when industrialists and wealthy families began eyeing its industrial, commercial, mixed-use, and residential real estate markets for development and residence. This new interest spurred rapid appreciation in land values for the next twenty-five years, lulling local real estate investors into a state of complacency.
The recession in 2008 hit the Corona community hard, pushing many landowners with first and second lien loans into bad credit ratings and deflated FICO scores. This severely limited the flexibility of residents to invest in new opportunities, as property markets are traditionally out of reach for credit-challenged would-be investors.
Private Money Lenders, Inc., a private money lender with innovative solutions, became the ideal fallback for Corona clients burdened by past transgressions. We are perfectly positioned to serve individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals interested in the Corona property market. We offer a wide array of funding options, including private money loans, bridge loans, long-term private financing, and investor loans.
Our competitors are perplexed by 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, including Corona, lies in our steadfast policy of contract transparency. We magnify the small print to level the playing field, allowing us to uncover the equity value in the property with little fuss. With equity value established and terms clarified, both lender and borrower quickly find themselves in the same comfort zone.
PML professionalism shines in difficult situations where equity in the real estate is too thin. Our trained agents guide clients through the maze by applying cross-collateralization. Similarly, for businessmen facing rising interest rates, we excel in structuring loans through refinancing options with no cash-out limits.
One of the most impressive features of our hard money lending operation is that the size of the loan is of no consequence when it comes to attentive service. We make the same effort for clients seeking loans of $50,000 as we do for those seeking $2 million.
All in all, Private Money Lenders, Inc. has created a niche in the Corona property market by quickly addressing its residents’ investment needs. Our ability to overcome practically every credit issue has resonated with our clients, and 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 to success in private money lending.