In 2004, Elk Grove experienced the short-lived honor of being voted the fastest-growing city in the US. This was a quantum leap from the sleepy, farming community it had been for so many years. Unparalleled urban growth brought frenetic activity to industrial, commercial, mixed-use, and residential real estate markets.
When Elk Grove property values tanked in 2008, it devastated credit ratings for many residents who had jumped on the bandwagon. The city recorded one of the country’s worst recessionary slumps, dragging thousands of FICO scores into the doldrums. Consequently, many residents found themselves unable to participate in the property market resurgence due to seemingly insurmountable credit rating obstacles.
This was a signal for astute hard money lenders to get involved. Private Money Lenders, Inc. has the skills and resources to give Elk Grove residents the boost they need to obtain first and second lien loans for investment in prime city real estate. Our agents welcome individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals. We show that this wide investment platform can qualify for diverse options, including private money loans, bridge loans, long-term private financing, or investor loans, regardless of the property focus.
Our initial involvement in Elk Grove gained immediate traction as residents recognized our transparent process as a gateway to hard money loans. In practical terms, there is no small print in our contracts because everything is disclosed from the beginning. This ensures that once the deals close, there are no shocks or unpleasant surprises. On the contrary, the speed of the experience leaves a lasting impression, leading to the lowest interest rates and super-easy terms.
The team of professionals servicing clients under the PML banner simplifies all details to assess the property’s equity value. This is key to creating contracts that put both borrower and lender on the same page. Even if the asset value is thin, we know exactly what to do next. Thanks to our efforts in many Californian cities, cross-collateralization has proven to be an effective alternative technique. Our competitors still don’t understand its effectiveness.
Before PML, many thought that only big investors deserved the attention of lenders. We have dispelled that notion unequivocally. Clients attest that whether they borrow $50,000 or $2 million, they’re treated equally. We vigorously fight for all clients. Our versatility stands out like a beacon in a storm, especially in refinancing activities. This is particularly important in the business sector, where rising interest rates are a major concern. We not only meet these client requirements but do so with no cash-out limits.
Private Money Lenders, Inc. and Elk Grove have developed a relationship based on trust, integrity, and a commitment to securing private money loans quickly at the lowest rates. City residents appreciate this and have endorsed our success many times over.