Company to offer a host of products and services
Nonbank lender PCMA has announced the expansion of its private client services into Idaho’s luxury housing market.
The Orange County-based company, which is focused on wealthy residential property investors and high-net-worth individuals, said that the expansion is a testament to its “extraordinary growth” and is proof of the high housing demand in the state.
The price of a luxury home in Idaho increased to $1 million in 2020 and has trended near $2 million in 2021, according to PCMA, citing local real estate reports.
Read more: Million-dollar sales in luxury housing markets skyrocket
“Private clients are moving to Idaho for a variety of reasons that include crystal clear lakes, outdoor activities for each season, world-class golf courses and much more,” said John Lynch, CEO and founder of PCMA. “We have seen a change in buying patterns of the private client community over the past 18 months. At first, they were pleased to be availed financing so they could either downsize or find a second home. As more people started working from and learning from home, Idaho and places like it became an ideal fit, giving them plenty of space [both inside and outside] as well as solid infrastructure to support their remote capabilities, along with easy access to national and international travel.”
