PB Financial Group Corporation

Category: Loan agency in Los Angeles, California

Address: 6380 Wilshire Blvd #1610, Los Angeles, CA 90048, USA

Phone: +13239355555

Opening hours

Sunday: Closed

Monday: 8AM–6PM

Tuesday: 8AM–6PM

Wednesday: 8AM–6PM

Thursday: 8AM–6PM

Friday: 8AM–6PM

Saturday: Closed

Reviews

908 Mortgage

Mar 25, 2022

As a broker with 30 years experience in the Industry, I can honestly say PB Financial Group is one of the Most professional, Sincere, Quick and responsive Companies I have ever worked with. We just closed our first loan together in 6 days application to funding and they will get MANY more from me. This was a special situation as a client needed to close on his property in order to purchase his up leg. His buyer backed out and we were able to take out a second on the property to cover it. Thank You PB Financial, Pouyan, Paul and the Group!! Owner, 908 Mortgage - Troy Barnum NMLS 2237599 / 315496

Neomi Padilla

Dec 16, 2021

I waited a few months to write a review because I was busy working on many things the loan helped me accomplish. Everyone I spoke to was professional and honest. They kept to their time lines and delivered exactly what we discussed. My case was complicated according to other lenders. Not to PB Financial! Their knowledge of real estate loans and all that goes along with it is unmatched. I highly recommend them. Especially, if you are not an average borrower.

Moulamay Insixiengmay

Feb 10, 2021

They truly deserve five stars they helped me close on a property in such short notice their team is very fast and always answered me right away they worked very well with my sellers agent and my agent to close on the deal. I especially would like to thank Peyman and Paul for giving me the best rates. I recommend them for any projects and will work with them again for all of my other projects for they are so professional at what they do. Thank you again.....

Commerce Escrow

Dec 17, 2015

Thank you very much from the bottom of my heart for another successful closing!! Pouyan and the entire PB Financial Group are an absolute pleasure to work with, as they are very punctual when it comes to paperwork and deadlines. In the negotiating process Pouyan provides very useful information and excellent knowledge in the real estate field. His vast wherewithal in the hard money lending, coupled with his overall sincerity is the reason my firm and I have been a very loyal customer of his for over 4 1/2 years. Thank you very much and look forward to many prosperous years ahead. Merry Christmas and have a very happy, healthy and safe new year!

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Questions & Answers

What are the fees involved and does PB Financial Group Corp. require these fees to be paid up front?

ali pourvasei | Aug 18, 2020
ali pourvasei | Aug 18, 2020

PB Financial Group Corp.'s fees are the usual standard and common lender fees: Origination, Underwriting and/or Processing, Inspection (in lieu of an Appraisal Report), and Loan Document Preparation. There will also be 3rd party fees involved like Escrow Closing, Title Insurance, Appraisal Report, Credit Report, etc. Our fees are always disclosed to our clients before a loan commitment is made. PB Financial Group Corp. does not require any up front fees to do our due diligence. However, if we do require an evaluation to be made by a certified appraiser, the borrower will be required to pay this up front. As long as the property has equity, the fees are generally paid from the loan proceeds at closing.

How long does the loan process take from pre-qualification to funding?

PB Financial Group Corporation | Aug 19, 2019
PB Financial Group Corporation | Aug 19, 2019

PB Financial Group Corp. does its best to make sure your loan closes in as little as 7 - 14 days. This would also include appraisal report orders, open/order Escrow and Title Insurance. On occasion when the borrower or the property have liens, judgments, and/or title issues, we require that these items be satisfied first (or can be satisfied upon close of escrow) during the loan process. However, such issues can prolong the loan process thus closing lapse past the 14 days. We encourage our clients to be prepared to provide conditions promptly to help expedite the closing of their loan.

What is Hard Money Lending?

PB Financial Group Corporation | Aug 19, 2019
PB Financial Group Corporation | Aug 19, 2019

Hard Money Lending is a form of asset-based financing where the funds of the borrower will be secured from the value of a property's equity. Interest rates are generally higher compared to conventional loans issued by a financial institution. Hard Money Lending is mostly funded by private entities secured by notes to private investors.

I'm a loan signing agent interested in working for you. What's the best approroach to working with you. Thanks, Carly Lewis

Carly Lewis | Aug 18, 2020
Pouyan Broukhim | Aug 18, 2020

thank you for reaching out. Our loan signings go through approve the escrow as we don't choose which notary company they use

What if the client is currently in a short sale, or currently in a foreclosure, or has had a previous foreclosure? Will the client be denied a loan?

PB Financial Group Corporation | Aug 18, 2020
PB Financial Group Corporation | Aug 18, 2020

PB Financial Group Corp. will still be able to fund a loan even if the client or the property is a short sale, or currently in a foreclosure, or has had a previous foreclosure. We want to make sure that the property has enough equity to pay off the existing mortgage loan. This allows PB Financial Group Corp. to become the new and only mortgage note holder on the property.

Will PB Financial still be able to close my loan if the property has tax liens and judgments?

PB Financial Group Corporation | Aug 18, 2020
PB Financial Group Corporation | Aug 18, 2020

PB Financial Group Corp. has closed numerous loan transactions with tax liens and judgments tied to the property. These are thoroughly discussed with the client once the Title Report is received and reviewed by our office. We advice that all Tax Liens and Judgments be paid off at closing.

What if we have bad credit, are in bankruptcy, or are in the process of foreclosures -will this hinder me for a loan with PB Financial Group Corp.?

PB Financial Group Corporation | Aug 19, 2019
PB Financial Group Corporation | Aug 19, 2019

No. PB Financial Group Corp. would still be able to fund your loan despite being in a tight financial situation. Our account executives will work with you to structure a loan that would be beneficial on your part without overburdening you on your ability to repay. We're here to help and make sure you are within a comfort level.

What does PB Financial Group Corp. look for when pre-qualifying a loan application?

PB Financial Group Corporation | Aug 19, 2019
PB Financial Group Corporation | Aug 19, 2019

PB Financial Group Corp. looks first on the equity of your property. From there we can determine exactly on what the lending limits will be based on your ability to repay, debt-ratio, proof of funds for reserves (for purchase transactions), and your long-term goals with the property. Stated and No Doc programs are available for qualified investment properties and other non-owner occupied properties. PB Financial Group Corp. will help advise you on what you need to understand about your loan (Interest Rate, Terms, Prepayment Penalty, Cost, Title Issues, etc.), and how your decision can help towards the investment on your property.

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