The Company finances residential and commercial properties for business purposes: including financing for fix and flip residential properties, acquisition and/or rehabilitation of both residential and commercial properties, construction loans and bridge loans secured by residential or commercial properties, note purchases secured by residential [...]
Borrowers begin by completing the Company’s online “Quick App” through our secure website to obtain a preliminary term sheet. Thereafter, Borrowers are prompted to deliver required documentation to the Company to support the processing/underwriting/approval processes. Borrowers are provided website access [...]
No. OneSource by PCS only makes real estate loans for business purposes.
OneSource by PCS seeks to make the process as simple as possible. Our documentation requirements are explained in our website and designed to allow for electronic uploading by our Borrowers on the Loan Dashboard – there’s no need for Borrowers to [...]
Borrowers obtain a preliminary approval and a preliminary rate quote upon completing the “Quick-App” form on the Company’s website. Once the Borrower’s document submittal has been reviewed by the Company’s underwriting department, a final approval and final rate will be [...]
No. OneSource by PCS is the lender. It is our money and once we say yes, we fund the deal.
Western United States with an emphasis on California. Other states considered on case by case basis.
One Source was created in 2015, but it builds upon the record of its manager, PCS, Inc., which was created in 2009. PCS has funded more than $1 billion of commercial real estate loans similar to those funded by One [...]
The answer depends on type of property, the loan to value ratio and our experience with the Borrower. Generally, the will rely instead on in-house due diligence, area research, and value opinions from local real estate brokers for all fix [...]
The Company typically charges loan origination fees which range from 1.5% to 3.0%. Occasionally we have charged origination fees either below or above of this typical range, usually because a loan request is meaningfully more or less challenging than average.