MMG Capital recently finalized a $1M private loan transaction in Saratoga Springs, NY. The borrower required a significant amount of cash in order to expand a currently operating business from overseas into the United States. MMG Capital was able to approve the borrower for a collateral-based bridge loan and quickly provide the capital needed in order to take advantage of the unique opportunity. 

MMG Capital is actively providing such bridge loans for high net worth borrowers nationwide. To read the full release, please visit the link below:

Nationwide Hard Money Lender MMG Capital Closes $1M Deal

There are still a plethora of borrowers in the marketplace that are seeking 100% financing for one reason or another. As a mortgage broker, it's altogether possible that you'll wind up wasting much of your precious time trying to find financing for these borrowers. This recent article will provide you with some general knowledge as to why 100% financing isn't worth chasing and why private lenders generally won't entertain it.

Why 100% Financing Doesn't Work