West Covina is a city in its own right but is closely tied to Los Angeles, more so than other prominent urban hubs in the region. With an abundance of primary malls, it could easily be labeled the “shopping capital of LA and California.” Home to over 100,000 culturally diverse residents, the real estate landscape has become equally varied, featuring a mix of industrial, commercial, mixed-use, and residential properties that cater to all aspects of the West Covina lifestyle. However, the 2008 recession wreaked havoc on real estate values, leaving many credit-broken investors in its wake. This resulted in poor FICO scores that cut residents off from acquiring properties amidst the new wave of prosperity sweeping through California, making first and second lien loans from mortgage companies elusive.
Private Money Lenders Inc., a hard money lender already active in Los Angeles and many other cities, has aligned itself with West Covina residents in no uncertain terms. We entered with a highly trained team of professional lending agents armed with an array of loan options. Our offerings include private money loans, bridge loans, long-term private financing, and investor loans that can adapt to almost any structure. This flexibility is crucial, as investors come to us not only as individuals or foreign nationals but also as part of partnerships, trusts, corporations, LLCs, and estates. Once we get involved in any property acquisition, we move with a pace and smoothness that leaves the competition far behind.
Our first priority is to uncover the equity in every asset, bringing it to the forefront. This allows us to negotiate lower interest rates and favorable loan terms that remove all anxiety. Our policy of transparency helps enormously by eliminating any snags hidden in the small print from the start. Furthermore, we treat all clients equally, whether they are borrowing $50,000 or $2 million, giving each the same VIP attention and creating a lasting impression.
Our work doesn’t end there. Sometimes properties contain little equity, or clients (often businesses) only want to refinance an existing loan. This is where our true colors show. We are experts at cross-collateralization methods that achieve excellent results even in the most marginal situations. When it comes to refinancing in inflationary times, we can get things done without any cash-out limits.
West Covina has welcomed Private Money Lenders Inc. with open arms, especially as its residents realize the hard money lending benefits available to them. The fact that we present these within a framework of reliability, accuracy, and speed has accelerated our acceptance as the go-to lender in the most difficult situations.