There is no doubt that today's market is a completely changed animal than just a few years ago. With the manipulated fall of the real estate market, private lending sources continue to open. As a hard money lender , Mager Capital has positioned itself in the top ten and is steadily increasing their position. Most of their cash is provided by wealthy foreign investors that understand private money and enjoy a top high rate of return.

With institutional, residential real estate funding guidelines so stringent, residential hard money loans are quickly becoming a mainstream product. Many banks are following suit and creating a private debt product as well. Unfortunately, recent owner occupied funding guidelines have really created a problem for borrowers in poor financial health trying to get a loan. These regulations were supposedly started to save borrowers from predatory lending, but in fact have only harmed them. When a borrower who has lost his job wants to take money out of his/her primary residence it is nearly impossible due to stringent debt to income guidelines. These very regulations that were supposedly enacted to benefit are only pushing more and more borrowers to end up in a foreclosure situation or forcing many lenders to write their loans in a manor that these regulations do not apply. These laws should have wording in them that states if a loan puts the borrower in a more attractive situation, regardless of the rate/term the loan is within guidelines. If a loan provides the needed money to a borrower that allows him/her to get out of foreclosure and enough cash to be able to sell the property it is a good loan, regardless of the terms.

With 40% of all the commercial notes coming due in the next two years, commercial hard money loans are in high demand. Private real estate bridge loans as they are called, have definitely become a serious staple in today's commercial platform. Unfortunately, many hard money lenders do not have the ability to fund above $3,000,000 so the larger loan platform has less competition. Mager Capital has the capacity to fund into the $100's of millions so they are rapidly becoming the number one, larger commercial lender.

There is something to say for a one stop shop. If Mager Capital can't provide a market rate they know the best source for your loan and will definitely ensure you get the most favorable terms available in today's market.

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