Name

Peter Maclennan - Commercial Hard Money Lender

Company

Owens Financial Group

E-mail

Contact Peter Maclennan - Commercial Hard Money Lender (Owens Financial Group)

Website

http://blog.pmaclennan.com

Office Phone

(925) 280-5388

Alt. Phone

(925) 935-3840

Fax

(925) 935-1486

Address

2221 Olympic Blvd., Walnut Creek, CA, 94595

Description

With over 50 years of commercial hard money lending experience, our principals have what it takes to close your commercial hard money mortgage in the shortest time possible.

Commercial Hard Money Services

Owens Financial Group specializes in the art of "quick close" commercial loans. We routinely close complex commercial real estate loans in under 14 days.

When time is of the essence we understand the need to have a trustworthy commercial lender that will give you a direct answer to your financing request. It is heartbreaking to be led along by an unscrupulous "lender", only to find out at the eleventh hour that they aren't able to fund your loan or never had the intention of funding in the first place.

Owens Financial Group is known for keeping our word and making decisions quickly. If we tell you that we will fund a deal on time, we stand by our promise! We don't need to seek outside approval for your loan requests, as we are a direct lender of funds.

We have over 50 years of commercial hard money loan underwriting experience that allows us to quickly express our level of interest in a loan scenario. Though the stories may vary, there are few situations that we have not seen before. This experience allows us to determine quickly whether your loan makes sense for our portfolio or not.

For more information please check out our website at www.owensfinancial.com or call Peter Maclennan at (925) 280-5388.

California Commercial Hard Money Lender

As a commercial hard money lender I strive to evaluate your loan scenarios quickly and efficiently. Often, by the end of your first phone call with me, you will know if your loan proposal has a chance to close with Owens Financial Group.

Evaluating your loan scenario quickly and with insight are top priorities. Your time and efforts are valuable and will be treated with care. You will receive straight answers to your financing needs.

Commercial Hard Money Borrower Information

“No matter how many or how big real estate projects one does, you can never escape the possibility that things will not go as planned. I have developed 200 million dollar signature mixed-used high-rise towers to 1.5 million dollar remodels, and invariably some things just aren’t predictable; sometimes you need unexpected funding fast.

Twenty-five days after receiving a signed and approved term sheet with a local bank and five days from an anticipated funding date, the bank backed out of the deal. I had created, as landlord, an unsubordinated ground lease with a major publicly traded hotel company as the tenant who was spending 60 million dollars improving my property. It was my responsibility to purchase the leasehold interests of the remaining tenants within 10 days after the bank rejection at a cost of $1,250,000 or face an optioned sale to the ground tenant at a four million dollar discount.

I called Owens Financial. The next day they flew into town, inspected the property and funded seven days later. This is just one example of the number of times I needed to call Owens Financial to help keep a deal on track.

Owens Financial stands behind their quotes, they are fair with their pricing, they perform beyond expectation, and gets the job done as and when it is needed. They are right there with creative solutions to overcome the many challenges that arise, and truly step out of the box to make things happen. I only wish they would open a bank.

If you have a real estate project with real recognizable value, they’ll work with you to do the deal. Owens Financial is A+++.”

- Sandor Shapery, Shapery Enterprises

"Unlike traditional lenders, Owens Financial Group offers my clients an organization that can react quickly and decisively in critical borrowing situations, especially those involving special lending circumstances or requiring rapid execution. Owens consistently provides decisive feedback, executes quick and efficient closings, and applies creative approaches to underwriting and structuring transactions. Owens can immediately grasp a property's real potential, and this allows them to consider a creative, flexible structure on a financing that other lenders would shy away from. I always know what to expect when I bring an opportunity to Owens. If they can fund a loan I know immediately, and my client has secured the funds they need in as little as 3 weeks from our initial discussion."

- Dennis Williams, Broker, Trowbridge and Kieselhorst