Private Lending
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About MXM Ventures Private Money Lending Program
MXM Ventures Private Money Lending Program is a relationship-based private money lender to real estate investors and rehabbers. MXM Ventures is synonymous with transparency and professionalism. Not only does MXM Ventures turn deals around quickly, we do so with the most competitive pricing and terms. MXM Ventures will work with both new and experienced investors. MXM Ventures has developed a streamlined borrower approval process, and we regularly joint venture with borrowers who may not have the experience or other challenges that we can help them overcome.
Lending Parameters
We value our unique relationship with our borrowers and as well as the unique circumstances of each of our deals. These guidelines information but each deal is evaluated independently.
Loan Amount | $ 40,000 to $ 2,000,000 |
Rate | 7 % to 15 % |
Loan-To-Value | Up to 90 % |
Loan-To-Cost | Up to 90 % including renovation costs |
Term | 3 to 24 months |
Origination Fees | 1 to 5 pts, depending on loan size and maturity |
Closing Time | 7 to 14 days (faster upon request) |
Recourse | Personal guaranty required in some cases; deals securitized by the pledged property |
Required Insurance | Title insurance naming MXM Ventures as insured and property insurance naming MXM Ventures lender as additional insured and loss payee |
Collateral Type | First lien position on subject property |
Type of Loans | Acquisitions, Renovations/Construction, Refinance |
Type of Properties | Single Family Homes and 2-18 unit residential developments |
Lending Area | Georgia; North Carolina & Texas; Other states on a case by case basis |