PCMA, a nonbank lender focused on wealthy residential property investors and high-net-worth individuals, has announced an expansion of its private-client lending services into Florida. The company said the expansion highlights its “unprecedented growth” post-COVID-19 and the “dramatic rebound” of the Florida housing market.
Since launching to exclusively serve the mass-affluent and high-net-worth consumer sector, PCMA has seen significant growth. The company posted record volume last year, originating $254 million in total loan volume. Even during the COVID-19 crisis, PCMA said its services are generating “significant interest” – in August alone, the company received more than $219.8 million in purchase and refinance applications from its direct-marketing campaigns.
“Our goal is to make sure that every private client has access to the absolute best in exclusive high-end and high-touch mortgage solutions,” said John R. Lynch, founder and CEO of PCMA. “Our entrance into the Florida market is a key milestone for the company and will provide much-needed liquidity for the Florida private client community.”
The expansion comes on the heels of both internal and external growth for the company. PCMA is seeing rapid growth in new loan originations following its August COVID-19 reboot. It has relaunched and expanded a television advertising campaign and relaunched its proprietary expanded prime programs, OMEGA and ZENITH. PCMA also recently made a key talent acquisition with the hiring of Bryan Filkey, executive vice president of credit and strategic initiatives.
“Our continued growth is proof of the pent-up demand for lending options that will meet the needs of the complex and sophisticated estates within the private client community,” Lynch said. “Our market-leading products will be the perfect fit for the private client community, and we are excited to serve the affluent needs of Floridians statewide.”
Published at Wed, 30 Sep 2020 11:00:04 +0000