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|| $2,000,000|
|Maximum Loan Amount||$100,000,000+|
|Interest Rate ||8% – 12%|
|Origination Fee||2 to 4 Points|
|Term Length||12 to 36 Months|
|Time to Close||2 to 3 Weeks|
|Maximum Loan to Value ($2MM-$5MM)||70%|
|Maximum Loan to Value ($5MM-$100MM+)||75%|
|Acceptable Markets||Nationwide Urban and Suburban|
|Minimum Personal FICO Score||None|
|Legal Fee Deposit||Required|
In Default, Foreclosure
Chapter 11 Exits
Line of Credit
Does not Debt Service
Mobile Home Parks
MG 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?
Why choose us?
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.