A Private Capital Lender Like Mager Capital Will Be The Answer For Quick Capital.
There is no doubt that this market is a completely changed animal than just two years ago. With the manipulated demise of the real estate market, alternative lending sources continue to come about. As a hard money lender , Mager Capital has positioned itself in the top ten and is growing their position. Most of their money is provided by rich overseas investors that are familiar with private money and enjoy a serious high rate of return.
With bankable, residential real estate loan guidelines so stringent, residential hard money loans are quickly becoming a top product. Many conventional lending institutions are following suit and starting a private money product as well. Unfortunately, recent owner occupied lending guidelines have really created a serious issue for borrowers in poor financial health trying to obtain a loan. These regulatory guidelines were supposedly created to save borrowers from predatory loans, but in fact have only hurt them. When a borrower who has no employment wants to get cash out of his/her primary residence it is nearly impossible due to strict debt to income regulations. These very guidelines that were supposedly started to aid are only forcing 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 laws should have verbiage in them that states if a loan places the borrower in a better situation, regardless of the rate/term the loan is proper. If a loan provides the necessary cash to a borrower that allows him/her to get out of foreclosure and enough capital to be able to sell the asset it is a good loan, regardless of the rate/term.
With 40% of all the commercial loans coming due within the next two years, commercial hard money loans are in high demand. Private real estate bridge loans as they are called, have increasingly become a main product in today's commercial platform. Unfortunately, many private money lenders do not have the capacity to fund above $3,000,000 so the high dollar loan market has meager competition. Mager Capital has the ability to fund into the $100's of millions so they are quickly becoming the top positioned, larger commercial lender.
There is much to say for a one stop shop. If Mager Capital can't provide a competitive rate they know the best source for your loan and will always ensure you get the best terms available in today's market.
Working With Hard Money & Bridge Loans In Order To Prevent Foreclosure On The Commercial Or Residential Property
Hard money loans can forestall a foreclosure. Such loans are the specialty that brings out the best and the worst in non-conforming (aka hard money) lenders.
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