Oakland, a bustling port city in the San Francisco Bay Area, boasts a population of over 400,000. With a vibrant downtown, it has experienced significant real estate appreciation, akin to San Francisco, ranking among the top in the US.
Exploding property markets offer rewards but also leave many casualties. Often, investors mistime their moves, miscalculate, or face sheer bad luck. The result is a trail of FICO and credit issues that persist, closing doors to industrial, commercial, mixed-use, and residential property loan opportunities for Oakland residents.
Private Money Lenders, Inc. has stepped into Oakland with a professional team, offering private money lending services to individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals. The key difference lies in our ability to forgive past indiscretions related to both first and second lien loans. Our trained agents, with their accumulated experience and acumen, guide clients around seemingly insurmountable obstacles.
Our impact is most pronounced in securing bridge loans, long-term private financing, hard money loans, and investor loans. We also provide loan refinancing solutions for businesses, with no cash-out limits—an invaluable benefit in today’s inflationary economy.
Understanding customer needs, especially those with less-than-stellar credit records, is paramount. Our reputation is built on resolving difficult cases, not the easy ones. The loan securitization process begins once we establish some equity value in the property. If not, cross-collateralization may be a viable solution. This multi-tiered approach alleviates the stress associated with loan applications. The final step involves agreeing on a manageable schedule to redeem the loan and cover interest payments.
The greatest comfort for clients lies in knowing that interest rates are fine-tuned to the most competitive levels, terms are upfront and clear, and there’s no fear of small-print surprises. Transparency is maintained from start to finish.
Private Money Lenders, Inc. stands out in the way it treats all clients, whether the loan is $50,000 or $2 million. Every borrower is important. As a hard money lender in Oakland, our success rests on maintaining fast, accurate processing towards quick conclusions. This approach keeps us steps ahead of the competition, which is essential for doing business in California.