Popular Commercial Lending Group, Inc. (PCLG) is a prominent player in the commercial lending market, specializing in tailored financial solutions for various asset classes. Founded by industry veteran Darin Young, who brings over 30 years of diverse experience in residential, commercial, consumer finance, and hard money bridge lending, PCLG is committed to providing innovative financing options. Darin Young, the President and CEO, has an extensive background having worked with well-known financial institutions such as Norwest/Wells Fargo and First Option Mortgage, which he originally founded in 1996.
PCLG prides itself on its ability to offer a range of lending products, including bridge loans and permanent financing solutions, with loan amounts ranging from $2 million to $100 million. They cater to various financing needs including rehabs, repositioning, and distressed assets, ensuring substantial flexibility in loan structuring with terms lasting from 1 to 30 years. PCLG facilitates up to 80% loan-to-cost (LTC) financing and covers all rehabilitation costs, thus enabling property owners to realize their projects with ease.
The company has a robust portfolio of services that encompasses not only commercial real estate loans but also includes mezzanine financing and joint venture equity. PCLG operates across multiple asset classes, including multifamily housing, hospitality, retail, industrial, agricultural, and office spaces, providing significant coverage nationwide, while excluding certain states. Clients can benefit from quick closing timelines of 14 to 40 days.
With a commitment to protecting the interests of brokers and maximizing leverage for clients, PCLG has established a reputation for reliability and professionalism, positioning themselves as a trusted partner in the commercial lending landscape. Their expertise and extensive industry experience make PCLG a go-to option for anyone looking to secure commercial financing in today’s dynamic market.
