First and second lien loans have been stubbornly unobtainable for many Victorville residents still trying to recover from the effects of the 2008 recession. Despite this, the city’s convenient location between Los Angeles and Las Vegas, and its proximity to the Mojave Desert, have spurred continuous commercial activity and appreciation in its industrial, commercial, mixed-use, and residential real estate. This upsurge, however, cannot mitigate the obstacles created by past credit issues and lingering poor FICO scores, preventing many potential investors from participating in the city’s economic revival.
The Victorville property vacuum is not a deterrent but “business as usual” for California’s leading private money lender, Private Money Lenders Inc. Our versatile team of professional loan agents has been constructing private money loans, bridge loans, long-term private financing, and investor loans for hard-pressed clients across the state for years. Our proficiency in overcoming all credit-related obstacles extends to negotiating easy funding for individuals, partnerships, trusts, corporations, LLCs, estates, and even foreign nationals alike. Competitors still cannot come to grips with our resilience and the expansiveness of our focused services.
The road to lending success boils down to two major skills: finding reasonable equity in the property to give the deal life and following a path of complete transparency to deal effectively with the small print in the contract. Through this dual action, we can quickly arrive at solutions leading to the lowest available interest rates and amenable loan redemption terms. Moreover, our Victorville clients seeking loans as low as $50,000 receive the same VIP treatment as those looking to borrow up to $2 million.
Sometimes, the property equity is elusive or simply too low. Thankfully, we come up trumps nearly every time by applying cross-collateralization alternatives to rescue even the most marginal clients. Another area that calls for our specialized expertise is the refinancing of business loans to address inflationary pressures on interest rates. Moreover, we execute these with no cash-out limits.
Victorville residents have welcomed a hard money lender to assist and nurture all property investors, especially its hard-pressed residents. Private Money Lenders Inc. quickly accepted the invitation, bringing with it a well-proven methodology founded on integrity, reliability, and resourcefulness. The city has responded very well, appreciating that this time around, credit casualties will be rare and FICO scores much improved.