Borrower With an Atypical Balance Sheet Gains Access to Funds for Purchase of Franchise

CALIFORNIA, July 1, 2011 -- MMG Capital, a collateral lender out of Thousand Oaks, Calif., closed a $300,000 business line-of-credit. The borrower, a franchisee in Hermosa Beach, California, had begun the process of opening a new store in the South Bay when she found herself short of funds. The borrower lacked any kind of traditional collateral and banks stringent guidelines didn't allow for any type of traditional financing. MMG Capital made the borrower a loan that provided all of the funds necessary for tenant improvements, the hiring of personnel, and general business expenses. The loan was secured by assets held in the client's IRA and was structured to be non-recourse to the borrower in order to adhere to IRS guidelines. 

"This was definitely a special case," said Chris Gleason, managing director of MMG Capital. "It took some creativity, but the bottom line was that the borrower had the assets to secure funding - it was just a matter of finding the right structure to make it work. At the end of the day, we're a collateral lender and so long as we're satisfied with our security we can be very flexible."  

 
The new franchise store will be Dickey's BBQ and is scheduled to open Fall of 2011 in Redondo Beach. 

MMG Capital specializes in creating opportunities for high-net worth individuals or entities that are short on liquidity to obtain financing for valuable projects or ventures. As a collateral-based lender, MMG Capital can provide financing to high-net worth borrowers that otherwise might not have an obtainable financing source.  As an active lender nationwide since 2008 and with more than 50 years of experience in real estate, banking and finance, MMG Capital has quickly carved out a niche in the marketplace and is one of the more creative lenders in the industry.  Utilizing both commercial and residential real estate, MMG Capital funds bridge loans for a wide variety of purposes.

For all inquiries, contact Chris Gleason,  This e-mail address is being protected from spambots. You need JavaScript enabled to view it  or 310.295.1121 (ext. 301)

Another Borrower Gains Access to the Capital That They Need

CALIFORNIA, July 1, 2011 -- MMG Capital, a collateral lender out of Thousand Oaks, Calif., finalized today the $500,000 cash-out refinancing of a Charlotte, North Carolina estate property. The borrower, a high-net worth individual and the owner of several businesses, had begun franchising a recent start-up and was in need of capital for a variety of reasons. The fact that he was self-employed and had inconsistent income was an immediate disqualifier for bank financing. MMG Capital made the loan that was required to bridge the next couple of years where cash flow was projected to be tight, utilizing the borrower’s current real estate holdings as collateral for the business loan. 
 

"This was another classic case of a high net worth borrower being short on liquidity but heavy on equity," said Chris Gleason, managing director, MMG Capital. "We provided some flexible term options that made the borrower feel comfortable and the rest of the process was a breeze."  

The loan was secured by a large estate-like property in Charlotte, NC. The borrower owned the real estate free and clear and just needed to liquidate some of its equity in order to make ends meet. It's a common case these days: wealthy individuals can't find traditional financing because of their employment status.

MMG Capital specializes in creating opportunities for high-net worth individuals or entities that are short on liquidity to obtain financing for valuable projects or ventures. As a collateral-based lender, MMG Capital can provide financing to high-net worth borrowers that otherwise might not have an obtainable financing source.  As an active lender nationwide since 2008 and with more than 50 years of experience in real estate, banking and finance, MMG Capital has quickly carved out a niche in the marketplace and is one of the more creative lenders in the industry.  Utilizing both commercial and residential real estate, MMG Capital funds bridge loans for a wide variety of purposes.

For all inquiries, contact Chris Gleason,  This e-mail address is being protected from spambots. You need JavaScript enabled to view it  or 310.295.1121 (ext. 301)

Financing is Finalized as the Company Continues to Create Unique Funding Opportunities

CALIFORNIA, April 20, 2011 -- MMG Capital, a nationwide hard money lender out of Thousand Oaks, Calif., finalized today the $1,000,000 cash-out refinance loan of a New York estate property to allow a high-net worth borrower to capitalize on a unique business opportunity.  The borrower, an experienced New York-based real estate owner, had an extraordinary opportunity to expand a highly profitable business into the United States from overseas and required immediate financing for start-up, inventory and personnel costs. MMG Capital made the loan required within a short time frame, utilizing the borrower’s current real estate holdings as collateral for the business loan.  

"A quick look at the borrower’s balance sheet showed us that we had a solid candidate for a collateral-based loan on our hands," said Chris Gleason, managing director, MMG Capital. "After running through some different loan options with the borrower, we were able to settle on a structure that was optimal for both parties, and we closed the deal quickly."  

The loan was secured by a large, one-of-a-kind estate property in Saratoga Springs, NY. The borrower owned the real estate free and clear and required a source that would allow them to quickly tap into their equity. Today’s credit markets didn’t provide a solution for doing so via traditional means.

MMG Capital is constantly creating new opportunities for high-net worth individuals or entities that are short on liquidity to obtain financing for valuable projects or ventures. As a collateral-based lender, MMG Capital can provide financing to high-net worth borrowers that otherwise might not have an obtainable financing source.  As an active lender nationwide since 2008 and with more than 50 years of experience in real estate, banking and finance, MMG Capital has quickly carved out a niche in the marketplace and is one of the more creative lenders in the industry.  Utilizing both commercial and residential real estate, MMG Capital funds bridge loans for a wide variety of purposes.

For all inquiries, contact Chris Gleason, This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 310.295.1121 (ext. 301)