Business Use Loan And Bridge Loans
PRIVATE LOANS FOR BUSINESS USE:
Magellan has access to investors and investment groups that offer an alternative to traditional lenders when it comes to investment properties. The transactions
Are approved within 1 week and a closing can be achieved fairly quickly.
Types of Properties considered for private loans are only for investment and
Business use purposes.
TYPES OF INVESTMENT PROPERTIES CONSIDERED:
Single family detached homes
Residential 2 to 5 units properties
TYPE OF LOANS :
One-to-five-year interest only balloon loans.
Prepayment penalty applies in the majority of cases