IRVINE, Calif .– (COMMERCIAL THREAD) –PCMA, the pioneer and leader in the category of loans to private non-bank customers, announced in the first half of January; PCMA generated loan volume requests of $ 138,250,000.
“We’re going very quickly as we move into 2021 when it comes to rebuilding the pipeline after the holidays. In my 25 years of experience, the first few weeks of the New Year are usually a struggle to get back to normal life and a very difficult time to get calls from customers and suppliers in the supply chain back up and running ” , said John Lynch, CEO and Founder of PCMA. “For the first time in my career, we are starting January at a record pace. This is a good sign for private and CMAM loans as we move into 2021. ”
The Covid pandemic has spurred the purchase of large, multi-million dollar homes in suburban areas, a trend that began in 2020 and continues into 2021. As private customers transition from the city to the spacious suburbs , they are looking for funding that meets the needs of their complex and sophisticated fields. PCMA meets this need with OMEGA, tailor-made to meet the needs of Individual Customers in the purchase or refinancing of primary and secondary residences.
“PCMA Private Client Lending has increased the number of daily requests to our Certified Private Client Mortgage Consultants by 40%,” said Lynch. “The handling of this above-average wave of requests in early January by the PCMA team demonstrates our commitment to serving the private client community. ”
Direct Consumer Originations exceeded all expectations with applications that had an average loan amount of $ 932,000; an average home value of $ 1.6 million; an average LTV of 47.6%; and average household reserves of $ 217,432.00.
PCMA expects continued growth in loan volume as the company continues to expand into key markets of California and Florida, and further expands into communities with high concentrations of high capacity households through the country.
PCMA is the leading non-bank private lending organization serving the needs of its affluent and high net worth clients. PCMA offers tailor-made lending solutions to individuals and institutions in all major categories of residential assets. PCMA is a diversified financial firm providing solutions to private clients through a direct and indirect consumer business model. PCMA strives to build trusting and lasting relationships by placing customers and business partners at the center of everything they do. PCMA is headquartered in Orange County, California. Further information is available at www.pcma.us.com.