 |
("MFG") funds land, development, construction,
bridge, income, non-owner occupied residential and
special use commercial real estate for acquisition,
refinance, cash out and infusion. Our market niche
is lending to those who need fast, short-term financing.
We have cultivated a network of borrowers that return
for new transactions time and again. Borrower's loans
are screened and processed swiftly by one of our principal
brokers and within 24-hours a company representative
with get back to you. Without the red tape and delays
of traditional institutions, Mentor Financial Group
is able to fund loan requests as quickly as 24-hours
after receiving a completed package.
The company does not charge up front
fees and uses the following guidelines:
- Loan
to Values (LTVs); 50% for land, up to 65%
for Development, Vertical
Construction up to 70% and Bridge up to 70%. Some
investors who have a
keen interest in the property from time to time
will loan at higher LTVs.
- Terms;
Most loans are made for a 12-18 month term, and
sometimes longer.
- Loans
fees; Paid by the borrower.
- Geographic
focus; We make loans in California and have
nationwide contacts.
- Size;
Typical loan size is $250,000 to $5 million. We
regularly see and fund
investment opportunities over $30 million.
- Interest
Rates; Typically 10-15%
One of our principals meets with
each borrower personally, if possible. After the
initial discussion, our Underwriting Department
will contact you with an Investment Package Request.
Our Investment Package typically includes the following;
Preliminary Title Report, Purchase/Option Agreement,
borrower documentation, broker opinion of value
(BPO) or appraisal, and if applicable, designs and
construction breakdown, pictures of property and
etc.
If you are ready to begin
the process, please begin by filing out our Borrower's
Questionnaire click here or
email us by clicking
here.
Back to top
|
|
|
