By most comparisons, Oceanside is quite small, with a population under 180,000. It is best described as a middle-road city in San Diego County where nothing extreme or extraordinary stands out. In an otherwise topsy-turvy world, it is refreshing to find a community that strives for normalcy and stability. Even the city’s name – Oceanside – doesn’t leave much to the imagination.
However, beneath this calm surface lies a significant degree of credit disruption dating back to the recession, which left many Oceanside residents struggling. Toxic FICO scores have been a major obstacle for residents trying to participate in the industrial, commercial, mixed-use, and residential property markets. Securing first and second lien loan arrangements is crucial for individuals, partnerships, trusts, corporations, LLCs, estates, and foreign national investors. Many in Oceanside felt stuck, unable to move forward due to past credit transgressions.
Private Money Lenders, Inc. has stepped in to address these challenges. Our ability to quickly determine the equity value in mortgaged assets allows us to work effectively with what we find. Even low equity values are not a barrier for us. When equity problems arise, we often use cross-collateralization to create viable solutions. Our professional agents ensure reliability, treating clients seeking $50,000 loans with the same importance as $2 million investors. Our team excels in situations where property equity is too thin for a traditional loan, using cross-collateralization tactics to leave clients satisfied.
At the highest level, private money lending also involves refinancing loans. In today’s uncertain environment, where prices have been suppressed for so long, recent interest rate rises may continue to climb. We are the undisputed leader in refinancing business loans with no cash-out limits, providing essential support for our clients.
By addressing these issues head-on, Private Money Lenders, Inc. has helped many Oceanside residents overcome their credit challenges and seize new opportunities in the property market.