Calendar Sunday, September 05, 2010

Lending Limits

MMG Capital's minimum loan amount is $200,000. While there is no maximum ceiling on our loan limits, transactions of more than $1,500,000 can require 30 days or greater from approval to funding. Based on our lending guidelines and loan-to-value requirements, the minimum loan requirement necessarilly creates a minumum fair market value of collateral of around $500,000 in single property transactions. However, there is no value limitation in multiple property transactions or in scenarios where cross-collateralization is available.

Turnaround Times

Typcical loan scenarios will be funded in two to three weeks from the date of approval or acceptance of MMG Capital's Letter of Intent. However, some loans can be funded in as little as seven days. Transactions over $1,500,000 can require anywhere from 30 - 60 days for complete funding. 
 

Better Business Bureau

MMG Capital is accredited by the Better Business Bureau. Check our rating!

Proud Member of the AAPL

MMG is a proud member of the American Association of Private Lenders

 

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