PCMA Announces Continued Nationwide Expansion with the Addition of Tennessee to our Lending Footprint
jason jepson - May 11, 2022
Currently the Tennessee housing market is outperforming the overall US market.
Irvine, CA May 11th, 2022 – PCMA, the pioneer and leading voice in Non-Bank Private Client Lending, announces the expansion of our Private Client services to the state of Tennessee – Company NMLS ID: 237710. The expansion of Private Client Lending into Tennessee highlights the extraordinary growth of PCMA and the continued growth in the Tennessee luxury housing markets.
Nashville, TN is one of the hottest real estate markets in the country, fueling the overall growth in the state of Tennessee. Almost halfway through 2022, Nashville has the record for the most expensive home sale in state, with a eye popping sale price of $50MM dollars.
Nashville, TN is one of the most sought-after residential markets for high-net-worth estates and buyers. According to the U.S. Census Bureau, the population of Nashville, Tennessee grew by 10.8% from 2010 to 2019. Other cities in the metro area experienced even greater population growth during that same period.
“Tennessee has become a very viable and attractive relocation destination thanks to a mix of beautiful cities, amazing outdoor activities and a family focused economy,” said John R. Lynch, CEO and Founder of PCMA. “Affluent Buyers are drawn to Nashville and other major metro areas due to the quality of construction, and quality of life Tennessee offers families, without sacrificing their personal or professional lifestyles.”
PCMA’s expansion into the Tennessee market comes on the heels of both internal and external growth of the company and new subsidiaries. PCMA continues to experience an unprecedented growth of high-net-worth originations at a record pace throughout the first half of 2022 even in the face of rising interest rates. Continued growth has come with the addition of PCMA Capital Advisors and the expansion of direct and indirect origination channels.
“The Private Client community invests in prized real estate assets as a predictable hedge against monetary debasement and CPI,” said Lynch. “Even in the face of rapidly rising interest rates and unprecedented inflation, luxury real estate is still the perfect economic safe haven.”
PCMA is a vertically integrated Asset Origination and Convexity Management firm that specializes in Structured, Super Prime, Non-Agency, Private Client Credit. With its captive origination unit, PCMA has become the leading Non-Bank Private Client Lender in the U.S. What began as a linear venture has morphed into a vertical organization and industry leading incubator of ideas pushing the boundaries of innovation in high-capacity financial services. PCMA offers qualified individuals and institutions bespoke lending and advisory services across all major credit, and residential asset classes. PCMA is headquartered in Orange County, CA. Additional information is available at www.pcma.mortgage & www.pcma.us.com
This release may contain “forward-looking statements,” which reflect the Company’s current views with respect to, among other things, its operations and financial performance. You can identify these statements by the use of words such as “outlook,” “anticipation”, “potential,” “continue,” “may,” “seek,” “approximately,” “predict,” “believe,” “expect,” “plan,” “intend,” “estimate”, “preparing” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would” and “could.” These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, current plans, anticipated actions, financial results, as well as the anticipated development of the industry, may differ materially from what is expressed or forecasted in any forward-looking statement. The Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.