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A Hard Money Investor Like Mager Capital Can Be Ideal For Quick Capital.
There is no doubt that this market is a completely changed animal than just a few years ago. With the manipulated demise of the real estate market, alternative lending sources continue to open. As a hard money lender , Mager Capital has positioned itself in the top ten and is steadily increasing their position. Most of their cash is provided by wealthy private investors that are familiar with private money and enjoy a top high rate of return.
With bankable, residential real estate loan guidelines so stringent, residential hard money loans are quickly becoming a mainstream product. Many banks are following suit and creating a private debt product as well. Unfortunately, recent owner occupied loan guidelines have really created a serious issue for borrowers in poor financial health trying to get a loan. These regulatory guidelines were supposedly created to save borrowers from predatory lending, but in fact have only harmed them. When a borrower who has lost his job wants to pull cash out of his/her primary residence it is nearly impossible due to stringent debt to income regulations. These very guidelines that were supposedly enacted to benefit are only pushing more and more borrowers to end up in a foreclosure situation or forcing many lenders to write their loans in a way that these laws do not apply. These laws should have wording in them that states if a loan places the borrower in a better situation, regardless of the rate/term the loan is within guidelines. If a loan provides the needed money 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 good loan, regardless of the terms.
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 definitely become a serious staple in today's commercial market. Unfortunately, many private money lenders do not have the ability to fund above $3,000,000 so the high dollar loan market has less competition. Mager Capital has the capacity to fund into the $100's of millions so they are rapidly becoming the number one, larger commercial loan source.
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 always ensure you get the best terms available in today's market.
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