Bridge Loans
We offer quick-closing loans to borrowers, usually for the purchase of, or renovation of, investment properties. We fund loans for properties and projects that government-backed organizations would never be able to lend on.
| Minimum Loan Amount | $2,000,000 |
| Maximum Loan Amount | $100,000,000+ |
| Interest Rate ($300MM-960MM) | 7.5% – 9.99% |
| Interest Rate ($300MM-960MM+) | 1 Month LIBOR plus 550 – 850 |
| Origination Fee | 2 to 3 Points |
| Term Length | 2 to 20 Years |
| Time to Close | 2 Weeks |
| Maximum Loan to Value ($5MM-$960MM) | 2% |
| Maximum Loan to Value ($5MM-$960MM+) | 2% |
| Lien Position | 1st |
| Recourse | Flexible |
| Acceptable Markets | Worldwide |
| Minimum Personal FICO Score | None |
| Legal Fee Deposit | None |
| Appraisal | Case-by-case |
LOAN SCENARIOS
Purchase Refinance Foreign Nationals Bank Turn-downs Quick Closings Discounted Payoffs | Vacant Properties Distressed Locations In Default, Foreclosure Chapter 11 Exits Balloon Payments Renovation |
Property Types
Multifamily Retail Hospitality Office Student Housing Mobile Home Parks Medical Industrial Mixed-Use | Self-Storage Manufacturing Warehouse Owner/User Single Tenant Select Vacant Residential Investment Senior Living Franchises |
MGS Capital Group Inc. (MGCG) is a one of the leading provider of bridge loans across the nation. We offer quick-closing loans to borrowers, usually for the purchase of, or renovation of, investment properties. We fund loans for properties and projects that government-backed organizations would never be able to lend on. If you’re looking at options for your next project, we invite you to learn more about our bridge loan services.
What are bridge loans?
Bridge loans are interim financing providing a financial tool allowing them to purchase or rehab properties that may not be eligible for traditional lending options. Bridge loans get their name because they “bridge the gap” between a true short-term loan and a longer financing option. Plus, you’ll see that bridge loans “bridge the gap” between a distressed property and stabilization and growth in a community.
Regardless of a borrower’s exact needs, bridge loans are beneficial and, when used correctly, can help real estate investors and businesses accomplish their goals when conventional financing alone will not.
Why choose us?
There are many lenders out there, why should you choose to work with us at MG Capital (MGCG) ? Bridge loans are one of the specialties of MGS Capital Group Inc. Our principals and executives have years of experience in real estate lending, giving us a background that most other lenders cannot match. We work with borrowers nationwide and offer competitive rates for our bridge loans of 12 to 36 months.
Because MGS Capital Group Inc. is private, non-government, funding and individually structures transactions to fit the specific needs of the borrower, we can offer lending options that are unique from what you would find from other firms.
If you would like more information about bridge loans or you want to talk to one of our loan experts, contact us at MGS Capital Group online or by phone. We are excited to help you grow.
Closing
We are easy to close with.
- Fill the ONLINE APPLICATION
- Acquisitions must be in a valid, duly signed purchase sales agreement. We are not able to review targeted deals.
- Download our summary intake form and send it to us with the items we require, both are at the bottom of each Lending page.
- Be available for questions regarding your loan request during our review.
- Terms issued quickly within 24-48 hours on simple deals and 3-5 days for complex transactions.
- A refundable expense deposit will be required for any necessary third-party reports and legal upon execution of terms.
- We may not require an appraisal, our decision is based on several factors.
- We typically do not require environmental reports or property condition analysis reports, unless there is a concern.
- Closings occur quickly after execution of terms, within 2 to 3 weeks.
If you would like more information about bridge loans or you want to talk to one of our loan experts, contact us at MGS Capital Group online or by phone. We are excited to help you grow.