MR Private Lending makes the borrowing process easy
Complete and submit the Initial Loan Application below. Once submitted, your Initial Application will be quickly reviewed by our pre-approval team and we'll call you to discuss. It's that EASY!
Loan Terms and Requirements
MR Private Lending offers a 6 month commercial loan (extensions available) and will fund up to 90% of acquisition costs and 100% of renovations costs.
- $25,000 liquidity along with a minimum 650 credit score
- Loan approval within 48 hours
- Draw Inspections and Funding within 48 hours - $150 inspections within 72 hours
- If construction budget is more than $20,000 a scope of work is required
Fix and Flip Short Term Loan
- Loan to Value (LTV): Up to 75% (of ARV)
- Interest Rate: 13% per annum
- Points: 3 points paid at settlement - minimum $2,500
- Term: 6 months with 3-6 month extensions available
- Origination fee $600
- Appraisal fee $400
- Loan doc & title review fee $700 Paid on HUD to lenders attorney
- Credit History: Recent judgments, bankruptcies, foreclosures and liens may prevent loan approval
- Loans must be in an LLC with personal guarantee(some exceptions)