A Private Capital Lender Like Mager Capital Can Be The Answer For Fast Capital.
There is no doubt that this market is a completely different animal than just a few years ago. With the manipulated fall of the real estate market, private lending sources continue to surface. As a hard money lender , Mager Capital has positioned itself in the top ten and is growing their position. Most of their cash is provided by rich foreign investors that are familiar with private lending and enjoy a top high rate of return.
With institutional, residential real estate lending guidelines so stringent, residential hard money loans are quickly becoming a primary product. Many conventional lending institutions are following suit and creating a private money product as well. Unfortunately, recent owner occupied funding guidelines have really created a serious issue for borrowers in sub prime financial health trying to get a loan. These regulations were supposedly enacted to protect borrowers from predatory lending, but in fact have only harmed them. When a borrower who has no employment wants to take cash out of his/her primary residence it is nearly impossible due to stringent debt to income guidelines. These very laws that were supposedly created to benefit are only pushing more and more borrowers to end up in a foreclosure situation or making many lenders to write their loans in a manor that these laws do not apply. These guidelines should have wording in them that states if a loan puts the borrower in a more attractive position, regardless of the rate/term the loan is within guidelines. If a loan provides the needed cash to a borrower that allows him/her to get out of foreclosure and enough cash to be able to sell the real estate it is a good loan, regardless of the terms.
With 40% of all the commercial notes coming due in the next two years, commercial hard money loans are in high demand. Hard money bridge loans as they are called, have increasingly become a serious product in today's commercial platform. Unfortunately, many private money lenders do not have the ability to fund above $3,000,000 so the larger loan platform has little competition. Mager Capital has the ability to fund into the $100's of millions so they are rapidly becoming the top positioned, larger commercial lender.
There is much to say for a one stop shop. If Mager Capital can't provide a market rate they know the best source for your loan and will definitely ensure you get the most favorable terms available in today's market.
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