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

Condominiums

Residential 2 to 5 units properties

Office space

Warehouses

TYPE OF LOANS :

One-to-five-year interest only balloon loans.

Prepayment penalty applies in the majority of cases