California is renowned for its pristine coastline, sunny climate, easy living, and being a hot tourist destination. In recent years, it has also become a hub for technology centers, most notably Silicon Valley. When you think of California, you envision the Beach Boys, surfing, Hollywood, the Oscars, startups, and vineyards. Ventura, a coastal enclave just 58 miles from Los Angeles, embodies all these elements. In 2009, the city embraced the high-tech wave sweeping the nation with the introduction of a technology incubator. With a population of over 100,000, Ventura has experienced the rollercoaster of real estate values over the past 14 years. Currently, property prices are on the rise, offering exceptional opportunities in industrial, commercial, mixed-use, and residential sectors. Unfortunately, many resident investors struggle to obtain first and second lien loans due to credit records and FICO scores marred by past errors.
Fortunately for Ventura, Private Money Lenders Inc., a prolific hard money lender active in the region, is open for business. We have supported even the most marginal investors through the real estate financing process, backed by our team and extensive resources. We can connect individuals, partnerships, trusts, corporations, LLCs, estates, and foreign nationals to various options, including private money loans, bridge loans, long-term private financing, or investor loans with professional ease. This has significantly unsettled competitors, as the speed and efficiency of our client funding become evident.
The PML methodology is the talk of the city as Ventura investors realize that we can usually unlock the equity value in their targeted real estate, enabling them to invest again. This allows us to quickly advance the negotiation process towards the lowest available interest rates and terms that are anything but burdensome. Our approach, rooted in transparency, ensures that there are no surprises or shocks after closing. We treat all our clients equally, whether they are borrowing $50,000 or leveraging $2 million, each receiving the same meticulous PML attention to detail.
Our extraordinary talent truly shines when dealing with properties with very thin equity value. We never give up on any case and often resolve difficult situations with a cross-collateralization strategy that yields excellent results. Additionally, we are at the forefront of refinancing business loans with no cash-out limits in an economy facing rising interest rates.
Ventura has embraced the benefits of Private Money Lenders Inc., a private money lender active throughout the state, resonating particularly with the city’s hard-pressed residents. Our best qualities – reliability, measured aggressiveness, and empathy for every client’s situation – have ushered all investors into the Ventura markets once again.