PCMA Announces Continued Nationwide Expansion with the Addition of Wyoming to our Lending Footprint
jason jepson - April 20, 2022
The luxury home sales of 2021 almost surpassed all home sales of 2019 in Wyoming
Irvine, CA April 21st, 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 Wyoming – Company NMLS ID: 237710. The expansion of Private Client Lending into Wyoming highlights the extraordinary growth of PCMA and the continued growth in the Wyoming luxury housing and ranching markets.
2021’s median sale price was $1.8MM, followed by a strong 2021 with total home sale prices just in the Jackson Hole market (the hottest realty market in the state) reaching $2.750,705,092. Jackson Hole’s leadership in million-dollar home sales is further solidified with over 853 transactions falling between $1 million and $3 million and one property selling for over $100MM.
“Horseback riding, hiking at Grand Teton National Park, skiing, Yellowstone National Park, biking, wildlife viewing and a tax friendly status are some of the many reasons why the high and ultra-high net worth are buying homes and ranches in the beautiful state of Wyoming,” said John R. Lynch, CEO and Founder of PCMA. “Over 30% of all real estate sales happened without being recorded on the MLS, something that happens more often with higher end home and ranch sales. This is further proof of the need of Private Client lending services in Wyoming and throughout the US.”
PCMA’s expansion into the Wyoming 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 looks at luxury real estate as a safe and appreciating asset that’s a hedge against inflation. Furthermore, our clients are interested prime properties which are few and far between in this market, creating a strong seller’s market and a need for robust lending solutions that will bring these sales forward and into the credit markets,” said Lynch. “The Collective is a streamlined approach to asset-based lending without the need to collateralize or pledge vested holdings. These bespoke flexibilities were not available to the High-Net-Worth Communities of Wyoming prior to our expansion.”
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.