Mention Ontario, California to most people, and you’ll often hear, “not Canada.” The truth is, Ontario’s roots date back to 1882 with Canadian ties, named after an engineer from across the border who operated in the area. Over the next 130 years, Ontario has established itself as an integral part of the greater Los Angeles region.
Inevitably, its residents were affected by the 2008 recession, leaving behind broken FICO scores and damaged credit ratings. In contrast, the city’s industrial, commercial, mixed-use, and residential property values continued to rise, reaching new heights by 2018. This created a dilemma for Ontario residents still shackled by past mistakes, as new real estate opportunities passed them by.
This all changed with the arrival of Private Money Lenders, Inc., a hard money lender making significant strides throughout California. Our professional team, skilled in the nuances of first and second lien loans, opened for business in Ontario, welcoming individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals. Since then, Ontario residents with troubled credit records have taken advantage of private money loans, bridge loans, long-term private financing, and investor loans to tap into the city’s real estate markets.
Clients’ testimonials highlight that Private Money Lenders, Inc. embodies professionalism and unwavering transparency. Our process ensures that the small print never hinders progress. Our proven formula of uncovering the equity value in targeted real estate has consistently succeeded. Once we detect asset wealth, we work efficiently to negotiate the lowest interest rates and the most favorable loan redemption terms.
Clients appreciate our attention to their borrowing needs, noting that loan size is not a discriminating factor: $50,000 loans receive as much attention as $2 million loans. Another key revelation is our ability to handle real estate with insufficient equity through cross-collateralization, which has proven effective in nearly every case. Additionally, businesses seeking to refinance in a fluctuating inflationary environment have found our lending resources to be extensive. We are one of the few who can implement these programs with no cash-out limits, much to the dismay of our competitors.
In essence, Private Money Lenders, Inc. has made significant inroads into the Ontario real estate landscape. We have opened opportunities for the city’s residents that were previously out of reach due to credit issues. Our success is built on mutual respect, trust in our agents’ capabilities, and the assurance that we can get the deal done every time.