PB Financial Group

About PB Financial Group

PB Financial Group is an asset-based lender based in Los Angeles, CA offering funding throughout California. They provide bridge loans, hard money loans for commercial properties, loans for investments properties, fix-and-flip hard money loans, cash out hard money loans, and hard money construction loans. They offer loan amounts ranging from $50,000 to $5,000,000 with a maximum LTV of 70%, rates ranging between 7.99% and 11.99%, and terms between 12 months and 120 months. They do not require a minimum FICO score to receive a loan. They make loans on most types of properties, including single family homes, multi-family, mixed use, retail storefronts, office units, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Mixed Use, Retail, Office, Industrial

Areas Served: CA, AK, AR

Licenses: DRE# 01522495, NMLS# 357614

Lending Guidelines for PB Financial Group

Below are the general loan guidelines published on the PB Financial Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by PB Financial Group.

Loan Example 1

Mayra finds a house in Los Angeles, CA to renovate and resell. Since she does not have enough cash to acquire the $210,000 house outright, she takes out a private money loan from PB Financial Group. Since the lender agrees to a 75% loan-to-value, Mayra will need to put 25% down and the total amount of the loan will be $157,500. The loan also includes these features: 1) a 12 month term, 2) a 11% interest-only note, and 3) a two point origination fee.

Therefore, the borrower will be required to contribute a $52,500 down payment in addition to paying a $3,150 origination fee. she will then pay $1,444 per month to the lender. At the end of the loan, she sells the rehabed house for $304,500. After deducting the $17,325 in interest expenses ($1,444 times 12 months), the $3,150 origination fee, the $157,500 principle on the loan, and the $52,500 she brought to closing, she will make a gross profit of $74,025 ($304,500 price minus $230,475 in costs). This profit would then be reduced by any building costs paid out of pocket.

Loan Example 2

Loraine takes a loan from PB Financial Group in order to renovate a townhome to resell in Los Angeles, CA. The loan has the following parameters:

$400,000 purchase price
55% loan-to-value (LTV)
18 month term
12% rate of interest
4% origination fee

Once the rehab project is completed, if Loraine sells the house for $540,000, the outcome would be the following:

$540,000 sales price
- $220,000 principle (55% LTV)
- $180,000 down payment (45% on 55% LTV)
- $8,800 origination points (4% of the $220,000 principle)
- $39,600 interest payments (18 months x 12% interest)
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= $91,600 total profit (doesn't include taxes or renovation costs)