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A Bridge Funder Like Mager Capital Will Be A Source For Speedy Capital.
There is no doubt that this market is a completely morphed animal than just a few years ago. With the manipulated collapse 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 private investors that are familiar with private funding and enjoy a top high rate of return.
With conventional, 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 loan guidelines have really created a serious issue for borrowers in sad financial health trying to get a loan. These regulations were supposedly created to save borrowers from predatory loans, but in fact have only harmed them. When a borrower who has no employment wants to pull cash out of his/her primary home it is nearly impossible due to stringent debt to income rules. These very guidelines that were supposedly started to aid are only pushing more and more borrowers to end up in a foreclosure situation or making many lenders to write their loans in a way that these laws do not apply. These regulations should have wording in them that states if a loan puts the borrower in a better situation, regardless of the rate/term the loan is proper. If a loan provides the needed cash to a borrower that allows him/her to get out of foreclosure and enough money to be able to sell the real estate it is a beneficial loan, regardless of the terms.
With 40% of all the commercial notes 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 serious product in today's commercial market. Unfortunately, many private money funders do not have the ability to fund above $3,000,000 so the larger loan market has meager competition. Mager Capital has the ability to fund into the $100's of millions so they are rapidly becoming the top positioned, larger commercial loan source.
There is much to say for a one stop financial house. If Mager Capital can't provide a market rate they know the best source for your loan and will definitely ensure you get the best terms available in today's market.
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