PCMA Announces Continued Nationwide Expansion with the Addition of South Carolina to our Lending Footprint
jason jepson - June 21, 2021
Irvine, CA June 23rd, 2021 – PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announces the expansion of our Private Client services to the state of South Carolina – Company NMLS ID: 237710. The expansion of Private Client Lending into South Carolina highlights the remarkable growth of PCMA and the continued growth of the high-end housing growth in the South Carolina.
The South Carolina housing market has stayed competitive one year after the pandemic with luxury homes selling in almost half the time of a year ago. In March 2020 high-end homes were on the market for 117 days; today those same homes are spending an average of only 62 days on the market. As luxury homes are on the market for a shorter period of time, the media listing price for luxury real estate is up with as the coastal markets are seeing the highest sales; including a 27.9% increase in Charleston, 47.9% in Hilton Head and 43.5% in Myrtle Beach.
“South Carolina is well known for its beautiful beaches, award winning golf courses and warm southern hospitality; the perfect combination for high net-worth borrowers in search of a forever home or the perfect vacation home,” said John R. Lynch, CEO and Founder of PCMA Private Client. “Luxury home sales in the South Carolina market have been mirroring the national trend that has seen the high-end housing market unbridled; continuing to outpace last years record numbers for the state.”
High-net-worth consumers have been driving force in luxury home sales during and post the health crisis. This distinguished buying class has spurred a surge of home sales in suburban and vacation-home markets and the trend does not appear to be slowing down any time soon.
“The growth in the luxury realty space is being fueled by the Private Client community, a community that consists of business owners, high income professionals, real estate investors and asset rich retirees,” said Lynch. “The creation of our market leading products OMEGA, ZENITH and ULYSSE will meet the needs of the complex and sophisticated estates owners of South Carolina.”
PCMA’s expansion into the South Carolina market comes on the heels of expansion in both Maryland and Montana. PCMA continues to experience an unprecedented growth of new loan originations since the start of 2021, increased loan amounts for high valued estates, and continued national expansion with Texas, North Carolina, and more to come online in the next 90 days.
PCMA is the leading non-bank private client lending organization serving the needs of their high net worth clientele. PCMA offers qualified individuals and institutions bespoke lending solutions across all major residential asset classes. PCMA is a diversified financial enterprise offering private client solutions through a direct and indirect to consumer business model. PCMA strives to build trusting and enduring relationships by putting clients and professional partners at the center of all they do. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.us.com