Type of Property
funded
Loan Purpose
SFR Investment Foreclosure Bail-out
Location
Malibu, CA
Details
Borrower's short term loan was due and the lender was pressuring the borrower to pay-off the loan. PB Financial Funded the loan in matter of days.
Loan Amount
$1,920,000
Type of Property
funded (4 unit vacant apartment)
Loan Purpose
vacant apartment purchase
Location
Los Angeles, CA
Details
Borrower needed a short term loan to acquire the subject property, rehab it and refinance into a conventional loan.
Loan Amount
$805,000
Type of Property
funded
Loan Purpose
SFR Bridge Loan
Location
Costa Mesa, CA
Details
Borrower needed a short term bridge loan to acquire his new home while his current primary was listed to be sold. We gave the borrower a 2nd mortgage so he can close on his new home within the timeframe allowed to him.
Loan Amount
$475,000
Type of Property
funded
Loan Purpose
6 Unit foreclosure bailout loan
Location
Lynwood, CA
Details
Borrower was in default as his tenants were not paying his rent while there is a COVID Moratorium. PB Financial gave the borrower a foreclosure bailout loan and we gave him 12 months advance reserves.
Loan Amount
$1,050,000
Type of Property
SFR
Loan Purpose
75% LTV investment
Location
Newport Beach, CA
Details
LLC borrower was acquiring a REO and needed a lender to do a loan without an appraisal. PB FInancial gave the borrower a 1st of $766,500.00 at 75% of the purchase price and 65% of market value.
Loan Amount
$766,500
Type of Property
funded
Loan Purpose
New Construction Loan
Location
Thousand Oaks, CA
Details
Borrower came to us requesting a Stated Income Construction loan. Borrower had approved and permits and was shovel ready. We were able to provide a loan at 55% of future market value and from start to finish we were able to close the loan in 17 business days.
Loan Amount
$1,600,000
Type of Property
Retail shopping center
Loan Purpose
cash out to real estate
Location
Calexico, CA
Details
Property had tenants that were delinquent and 30% of the property was vacant. We provided the capital the borrower needed to deal with his tenants and reposition the property. We funded the loan w/o an appraisal and funded in 10 days from start to finish.
Loan Amount
$630,000
Type of Property
Restaurant
Loan Purpose
NOS Refinance
Location
Compton, CA
Details
Restaurant property was being run by family was hurt by COVID19, borrower was in NOS and had filed BK. We were able to provide her with financing to get her out of foreclosure and give her a chance to succeed.
Loan Amount
$650,000
Type of Property
SFR (single family residence)
Loan Purpose
Purchase
Location
Palmdale, CA
Details
Property was a bank owned purchase with an uncooperative resident, the buyer was unable to access the interior. In addition the property was being acquired under a LLC. PB Financial Group provided financing up to 75% of the purchase price and we closed in 10 days from start to finish. In addition we funded the loan WITHOUT needing an appraisal.
Loan Amount
$258,750
Type of Property
SFR Construction
Loan Purpose
Construction
Location
Thousand Oaks, CA
Details
SPEC Builder needed additional cash to finish up a construction on a home in Thousand Oaks. PB Financial provident a hard money construction loan for the borrower to finish up the property and try to finish in the next 3-4 months.
Loan Amount
$875,000
Type of Property
SFR
Loan Purpose
Purchase
Location
Los Angeles, CA
Details
Borrowers Non-QM fell through and borrowers needed an stated income loan to close on an investment property that they were needing to close within 7 days, during Christmas week. PB Financial was able to give them a very competitive term and we closed in their desired timeframe.
Loan Amount
$861,250
Type of Property
SFR
Loan Purpose
Cash-out Refinance
Location
Beverly Hills, CA
Details
We were able to fund a $1,500,000 cash-out business purpose loan on borrower's PR to acquire an added value commercial property in Los Angeles. Borrower is a real estate investor with equity in his primary residence, we helped him tap into his equity with our Stated Income Business Purpose Loan.
Loan Amount
$1,500,000
Type of Property
SFR
Loan Purpose
Purchase
Location
Merced, CA
Details
Borrower was acquiring a SFR investment property with fico scores of 488/549/548. We gave the borrower a Stated income purchase money loan and closed in 10 days from start to finish. PB Financial Group Offers 1st and 2nd position Stated Income with any fico score.
Loan Amount
$213,000
Type of Property
SFR
Loan Purpose
Purchase
Location
Visalia, CA
Details
Borrower was able to acquire a bank owned property for $223k, the "as is" value we received from our appraiser came in at $325k, we gave the borrower 80% LTV on the purchase price. WE didn't require income documents and we funded in 10 business days
Loan Amount
$178,000
Type of Property
Land
Loan Purpose
Refinance
Location
Moreno Valley, CA
Details
PB Financial Group Corp financed 3 continues lots zoned residential refinance. Borrower needed funds to get his final approvals and get his entitlements in place. We gave the borrower an 18 month loan fixed IO going stated income. Once borrower gets approvals he will take us out with a construction loan
Loan Amount
$490,000
Type of Property
SFR Bridge Loan
Loan Purpose
Cash-Out Refinance
Location
San Ramon, CA
Details
Borrower had the property listed for sale and needed cash to close on another property. We gave the borrower the cash-out required to complete her purchase and have reserves until subject property closes escrow. From start to finish we funded the loan in 7 business days & our program was stated income
Loan Amount
$375,000
Type of Property
SFR
Loan Purpose
Purchase
Location
Los Angeles, CA 90003
Details
Borrower needed 75% of the purchase price and close in 7 days from the day he approached us. We did an 11 month loan fixed IO and the property was vesting on a LLC. The guarantor had a fico score of 540
Loan Amount
$251,650
Type of Property
Retail
Loan Purpose
1st
Location
Los Angeles, CA
Details
Commercial vacant property purchase, borrowers were in an exchange and needed to close in 7-10 days without an appraisal. We gave the borrowers 3 years to be able to rehab, rent the units and stabilize the property
Loan Amount
$275,000
Type of Property
SFR Rental
Loan Purpose
1st
Location
Whittier, CA
Details
Borrower had fico scores in the low 600s and required a Stated/Verified program on this purchase. We gave the borrower 70% of the purchase going stated investment SFR purchase and we were able to close the file in 7 days from start to finish.
Loan Amount
$353,993
Type of Property
SFR
Loan Purpose
1st
Location
Antioch, CA
Details
Borrower required a Stated Loan for his LLC to buy a SFR in the City of Antioch. We gave LLC a purchase money first up to 70% on a 5 year loan fixed interest only with a 6 month PP. The guarantor had a 633 fico score with multiple mortgage lates.
Loan Amount
$420,000
Type of Property
SFR/Duplex
Loan Purpose
2nd
Location
Torrance, CA
Details
PB Financial Direct Hard Money Lender funded a cross on an investment SFR and a Duplex in the City of Torrance, CA in 2nd position going up to 61% CLTV. We gave the borrower a 5 year term on a Stated 2nd position loan.
Loan Amount
$300,000
Type of Property
Assisted Living
Loan Purpose
1st
Location
Manteca, CA
Details
Borrower with low fico and was required to pay a large settlement. PB Financial provided the borrower with a $5,000,000 cash-out to pay off all legal fees, settlement due and give the borrower cash-out for expansion of business. Our term was fixed for 3 years going interest only with a 6 month PPP.
Loan Amount
$5,000,000
Type of Property
MixUse
Loan Purpose
1st
Location
Los Angeles, CA
Details
Borrower needed to satisfy his exchange is 5 days. From open of escrow to close of escrow took 5 days on this commercial mix use property purchase in Los Angeles, CA. We were able to save the $700,000 in taxes by closing in
Loan Amount
$1,100,000
Type of Property
SFR
Loan Purpose
1st
Location
Victorville, CA
Details
LLC was purchasing this bank owned home. LLC was purchasing the property for a min of 3 YRS IO. We gave the borrower the 3 yrs w/6 mth pp. We gave the borrower 70% LTV on PP and closed in 7 days going Stated Income/Verified Asset.
Loan Amount
$110,000
Type of Property
Apartment
Loan Purpose
2nd
Location
Los Angeles, CA
Details
Borrower required a $1,500,000 cash out in 2nd position. Borrower required the funds to close on another 5 unit and needed to close without an appraisal.We funded this 2nd position loan up to 45% CLTV with $1.5 million cash-out going stated income
Loan Amount
$1,500,000
Type of Property
6 Unit
Loan Purpose
1st
Location
Crescent City, CA
Details
Borrower with a 614 fico score was looking to purchase a distressed 6 unit in Crescent City, CA. PB Financial was able to a fund a purchase loan up to 70% of the purchase going stated/verified. Because timing of an issue we closed in 5 days and used a BPO instead of a traditional appraisal.
Loan Amount
$262,150
Type of Property
SR
Loan Purpose
1st
Location
lake Sherwood, CA
Details
Borrower required $1,500,000 quick business purpose cash-out on his primary residence up to 60% LTV. We were able to close the loan under 10 days going Stated Business Purpose Loan.
Loan Amount
$2,100,000
Type of Property
Industrial
Loan Purpose
1st
Location
Fresno, CA
Details
Borrower needed financing on a purchase of an industrial property in the City of Fresno and required to close in 2 weeks. Property use to be a Almond Farm and Farm is no longer in operation. Property was deliver to our buyer vacant.
Loan Amount
$325,000
Type of Property
SFR
Loan Purpose
1st
Location
Costa Mesa, CA
Details
The borrower needed to refinance his underperforming commercial property. Property had a very low DSR as the borrower was looking to re-position the property. We gave him a $520K loan for 3-years with a 6 month prepayment penalty and closed out the file in 14 days.
Loan Amount
$520,000
Type of Property
SFR
Loan Purpose
1st
Location
Pacific Grove, CA
Details
We funded the borrower's loan at 70% LTV Stated/Verified under a LLC. Managing member had a 570 fico score going stated. We were able to fund the loan in 7 Days.
Loan Amount
$1,200,000
Type of Property
SFR under Rehab
Loan Purpose
1st
Location
Beverly Hills, CA
Details
Borrower had multiple tax liens that needed to be paid off and property was undergoing renovations. We gave the borrower a stated loan and paid off all his business tax liens and gave him funds to finish up his Spec Home.
Loan Amount
$650,000
Type of Property
Retail
Loan Purpose
1st
Location
Inglewood, CA
Details
Borrower had a 12% rate on the first and wanted to refinance his retail investment property. His loan was coming due and was being pressed by the lender. We gave the borrower a 60% LTV loan with rates in the 9s and a 6 month prepayment penalty.
Loan Amount
$297,000
Type of Property
SFR
Loan Purpose
1st
Location
Pacific Grove, CA
Details
We funded the borrower's loan at 70% LTV Stated/Verified under a LLC. Managing member had a 570 fico score going stated. We were able to fund the loan in 7 Days.
Loan Amount
$945,000
Type of Property
Cross SFR
Loan Purpose
1st/2nd combo
Location
Redwood City, CA
Details
Borrower used the equity to finance a new purchase of an investment property. We cross collateralized two properties into one loan and held a 2nd position loan of the property that was crossed for a CLTV of 65% LTV.
Loan Amount
$435,000
Type of Property
Santa Cruz, CA
Loan Purpose
Stated 2nd
Location
Santa Cruz, CA
Details
Self-Employed borrower need a business cash infusion into his growing business. He gave him a stated 2nd position on his primary residence with a 30 due in 5 year. We were able to fund the loan in 14 business days.
Loan Amount
$435,000
Type of Property
5 Unit Building
Loan Purpose
Refinance
Location
Berkeley, CA
Details
Borrower was looking to pull out $450k on a 5 unit apartment building and didn't want to touch their existing 1st. PB Financial closed the loan in two weeks.
Loan Amount
$450k 2nd
Type of Property
Residential Land
Loan Purpose
Purchase of Land
Location
Glendale, CA
Details
Borrower purchased a residential land in Glendale to develop. Borrower needed a purchase money land loan at 50%LTV. After close of escrow borrower will get plans and permits and apply for a construction loan.
Loan Amount
$165,000
Type of Property
SFR
Loan Purpose
Stated Refinance under a Corporation
Location
Hayward, CA
Details
Borrower needed to refinance an investment property under a LLC. Property was purchased about 3 months and we based our loan on the current market value. We needed up funding the loan in 7 business days.
Loan Amount
$163,500
Type of Property
SFR
Loan Purpose
Stated Purchase Investment Triplex
Location
Fontana, CA
Details
Broker and borrower were promised the world by a different lender and lender was unable to perform. PB Financial was able to give the borrower the 70% LTV that was required to close and PB Financial funded in the name of the LLC and fund in 5 business days.
Loan Amount
$280,000
Type of Property
Stated O/O Business Purpose
Loan Purpose
Stated 2nd
Location
Mountain View, CA
Details
Borrower had multiple lates because of his modifications and we provided him a stated 2nd position business purpose loan with a CLTV of 55%. We did not require tax returns as the funds were used to purchase additional inventory for the borrower expanding business.
Loan Amount
$200,000
Type of Property
Commercial
Loan Purpose
Stated 1st
Location
Los Angeles, CA
Details
Borrower wanted a loan without a long prepayment penalty and needed to close within 7 days. We funded his commercial property quickly and our prepayment penalty was ONLY the first 6 months.
Loan Amount
$490,000
Type of Property
Apartment Building
Loan Purpose
Rate and Term
Location
Los Angeles, CA
Details
Borrower was required to payoff his 2nd position loan that was against 2 different properties. We did a 2nd for the borrower and saved him foreclosure, CLTV was 42% and we closed after we received all the payoff demands that were against the property.
Loan Amount
$525,000
Type of Property
SFR N/O/O
Loan Purpose
Invest Purchase
Location
Gilroy, CA 95020
Details
After working with another Hard Money Lender for 3 weeks borrower's broker decided to come to us and close. Other lender wasn't able to deliver on 70% LTV and we picked up the pieces and funded in 5 business days.
Loan Amount
$369,000