Magna Capital Group Inc. will arrange a custom loan to fit the needs of investors for all types of Commercial properties, including office buildings, shopping centers, restaurants, industrial properties, apartments or any income producing properties. Our rates vary depending on the type of property, term of loan and general situation. Our loans are primarily based upon the equity in the property. Credit and income are not the major factors. We will customize a loans to fit your exact situation.
Property Types
- Office Buildings
- Apartment Buildings
- Shopping Centers
- Mixed Use
- Gas Stations
- Car Washes
Guidelines
- Close in as little as 7 business days
- Credit – no requirements
- No income verification
- Borrower must have a realistic plan for repayment
- Purchase, REFI or cash out
- Loan amounts from $200,000 to $10,000,000
- Foreclosures, NOD’s, Bankruptcy, Bad Credit OK
Borrower Types
- Individual
- Trust and Estate
- LLC, Corporations and Partnerships
Pricing / Terms
- Term – Typically 1 to 5 years, interest only
- Rate – Typically 8% to 13%
- 1st & 2nd Mortgages (case by case)
Loan Purpose
- Any Investment or Business Purpose Loan
Property Condition
- Any Condition
Lending Area
- California & Selected States
