At Private Money Lenders, Inc., we understand that Los Angeles – the City of Angels – can be anything but angelic when it comes to less-than-perfect credit records, bankruptcies, FICO issues, or past foreclosures. The city is often unforgiving, making life difficult for many prospective borrowers seeking to access enticing LA opportunities.
As a direct private money lender, we have dramatically transformed this challenging landscape in this core Californian hub. Our comprehensive range of lending options transcends the traditional obstacles that typically hinder securing private money loans, bridge loans, long-term private financing, or investor loans.
Our flexibility and customer orientation have enabled us to make particularly strong strides in the loan market for industrial, commercial, mixed-use, or residential projects. This success has elevated us to the lender-of-choice status for individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals. In short, we cover the full lending spectrum professionally and with minimal hassle.
Our progress stems from our concerted effort to transcend borrower obstacles. We look beyond so-called “credit transgressions” and generally find a way to move borrowers forward if the fundamentals exist. For example, if there is a spotty history concealing solid ground for a loan, we dig deep to find it. The bottom line is this: if there is equity in the property and a workable schedule to repay the loan plus interest, we make it happen.
One of the biggest client objections is a stop-start-stop process, often leading to disappointment and frustration. We remove the stress from the loan-securing arena by connecting clients to a professional team empathetic to their concerns. Compared to the competition, we work fast and efficiently – without all the “small print” fees that catch many unwary borrowers. Our approval process is client-friendly, ensuring everyone can see progress toward the end goal – a sensible loan. Even if the equity part is thin, our team knows how to use cross-collateralization as an alternative solution.
We lend from $50,000 to $2 million on first or second liens, at competitive rates and terms with no-nonsense approvals. Refinancing and cash-outs for business purposes, with no limits on cash-outs, are a major focus area. The biggest impression we make with clients is that the quality of our service remains consistently high, and our mission to provide fast results never compromises this.