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Magna Capital Group, Inc. lends for single family, commercial, developer lots, raw land, unimproved & improved property of all types and land purchases. We are one of the VERY FEW mortgage lenders for land. Our Custom land loans are based upon equity. We will generally lend up to 35% of the appraised value of the property. Sometimes more! These are generally interest-only loans.
Project Types
• Owner Contractor
• Fully Entitled Lands Preferred
• Land Development
Borrower Types
• Individual
• Trust and Estate
• LLC, Corporations and Partnerships
Loan Purpose
• Any Investment or Business Purpose Loan
Guidelines
• Close in as little as 7 business days
• Credit – no requirements
• No income verification
• Borrower must have a realistic plan for repayment
• Purchase, REFI or cash out
• Loan amounts from $200,000 to 10,000,000
• Foreclosures, NODs, Bankruptcy, Bad Credit OK
Pricing / Terms
• Term - Typically 1 to 5 years, interest only
• Rate - Typically 8% to 14%
• 1st & 2nd Mortgages (case by case)
Property Type / Condition
• All property types considered
• Any Condition
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Magna Capital Group, Inc™ 2011 | California DRE License # 01866646 | Nevada DRE License # RE.1450801 | NMLS ID # 342925
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Magna Capital Group, Inc™ 2011 | California DRE License # 01866646 | Nevada DRE License # RE.1450801 | NMLS ID # 342925
hard money lenders, hard money lenders california, hard money loans, private money lenders, private lenders, hard money real estate loans, hard money lender, hard money lenders los angeles, hard money loan, private money lenders for real estate, california hard money, Apartment hard money, purchase hard money, hard money investor, los angeles hard money
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