Private Money Loans
Private money lenders often provide loans secured by property (usually real estate). Technically, private money lenders can be a friend or family member which is why private money lenders are sometimes called relationship lenders.
| Minimum Loan Amount | $960,000,000 |
| Maximum Loan Amount |
$1,000,000 - $960,000,000 |
| Interest Rate |
2% – 2.5% |
| Origination Fee | 2 to 4 Points |
| Term Length | 12 to 36 Months |
| Time to Close | 2 to 3 Weeks |
| Renovation Financing | 100% |
| Maximum Loan to Value ($1MM-$960MM) | 70% |
| Maximum Loan to Value ($5MM-$100MM+) | 75% |
| 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 Blanket Foreign Nationals Condo Projects Non-Recourse Bank Turndowns Quick Closings Divorce | Vacant Properties Distressed Locations In Default, Foreclosure Chapter 11 Exits Line of Credit Renovation Discounted Payoffs Does not Debt Service Probate |
Property Types
Residential Investment Vacation Homes Condominiums Multifamily Retail Mixed-Use Office Single-Tenant Special-Use Senior Housing Time Shares Auto Dealerships | Cannabis Hospitality Assisted Living Automotive Self-storage Mobile Home Parks Owner-User Industrial Gas Stations Rental Portfolio Hospitals Marinas |
MGS Capital Group INC. (MGCG) is a leading private money organization. We offer short-term loans to borrowers, usually for the purchase of, or renovation of, investment properties. We can fund loans that government-backed organizations would never consider. If you’re looking at options for your next real estate project, we invite you to learn more about our private money lending services.
What is a Private Money Lender?
Private money lenders often provide loans secured by property (usually real estate). Technically, private money lenders can be a friend or family member which is why private money lenders are sometimes called relationship lenders. However, normally the phrase refers to what is called a “hard money lender” or a firm that lends private money instead of government-backed securities.
Hard money lenders offer short-term real estate loans used to purchase and renovate an investment property. These loans are ideal for “flippers” or investors working on short-term projects, and also for buy-and-hold investors.
Why choose us?
There are many lenders out there, why should you choose to work with MG Capital (MGCG)? Private money lending is one of the specialties of MG Capital (MGCG). Our principals and executives have over 40 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 private money loans of 12 to 36 months.
MG Capital (MGCG) individually structures transactions to fit the specific needs of the borrower and we offer lending options that are unlike what you’ll find from other firms.
If you would like more information about private money lending or you want to talk to one of our hard money loan experts, reach out to us at MG Capital (MGCG) today. We look forward to working with you.
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.