We Say Yes When The Banks Say No
Benefits With Private Lending Group
How Our Private Lending Works
Apply Online
Complete our simple online application or submit a loan request by email. You will hear back from one of our private lenders.
Get Approved
Within 24 Hours of receiving the loan application, one of our private lenders will provide a written offer disclosing all terms.
Loan Funded
The private loan will be funded in a matter of days. Unlike our competitors, we don’t take weeks to fulfill a private loan.
Our Lending Services
Why Brokers Choose Us
We offer brokers a direct and simple process in acquiring funding. We have the experience, capital, and reputation to properly assist you in your money lending needs as we have funded over $50,000,000 over the course of our career and when you contact us today, we will begin the process to close your loan and secure your fee.
Loan Consultants
Our primary focus is to provide investor loans for short & long-term for Real Estate Investors Nationwide to purchase, rehab, cash out and rental loans.
Types of Loans We Offer:
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- Rehab Loans
- Investment Loans
- Rental Loans
- Cash-Out Loans
- Residential Property Tax Loans
- Commercial Real Estate Loans
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Invest With Us
How to earn up to 10% Interest Investing in Mortgages & Trust Deeds.
We Buy Distressed Residential Houses
All Property Conditions Accepted!
All Cash Purchase – Close In 7 Business Days!
See What Others Have To Say About Our Lenders
“On behalf of the Turnkey Investment organization, I would like to thank the staff at PLG for their support and assistance for these past few years. You all were phenomenal and showed a great deal of patience and understanding in regards to our situation. I wish you all the best.”
“If you’re looking to purchase 1 or more properties that requires REPAIR or REHABBING. Then you need a hard money lender that is Flexible, Reliable and Experienced in getting the deal done Fast. Daniel at Private Lending Group quickly approved us to get the REHAB FUNDS we needed for our properties. We could not have done this by using traditional mortgage companies. Thanks Daniel”
“Great. Quick with no hassles. I’m ready to do more. Thanks again Steve for your due diligence. I truly appreciate your dedication, patience, and service with following through to make it happen.”
“After being rejected by many lenders when I was looking for cashout refinance to pay my taxes and some other bill, Mr Daniel Wynn Arguello with private lending group came to my aid and I was able to close within two weeks. My experience with him was excellent due to his professional ways of handling individual situation. I will recommend that Mr Daniel is the right man to trust during a critical situation because his dedication and work ethics to get your deals close and make your dream a reality.”
“Knowledgeable, skilled staff eager to help and make our rehab loan a reality. Thank you Private Lending Group”
“Dan is an experienced hard money lender that closes loans quickly and offers great returns to investors like myself. I would recommend him to any of my friends or business associates!”
“Two very difficult funding projects in one year in very difficult times dealing with them was a life saver, and looking forward to doing business in the future”
“I can not say enough good things about Private Lending Group Inc. Daniel is a phenomenal business person with a ton of patience. Even in the mist of a Pandemic they were able to loan money. They are efficient, fast and compassionate. If you are ever in need of a Real Estate Loan, do not hesitate to call PRIVATE LENDING GROUP.”
“I had a very diffcult real estate investment deal going and did not have enough liquid to close the deal. I heard about Daniel and Private Lending Group and decided to give them a try. BEST DECISION I EVER MADE!!!! Not only was a deal like this unheard of, It was never done. Dan MADE it work!!!!!! I got the deal closed by deadline and was treated like my deal was their top priority. They return phone calls and emails, answer questions and are very knowledgeable. I HIGHLY recommend Daniel & Private Lending Group and will gladly talk to anybody about their services”
FAQs
What else can you tell me about Private Lending Group?
We are a reputable company of private lending agents in the Chicago land area known for our quick and efficient services! Our agents work hard to guarantee your satisfaction through careful consideration, years of experience, and active listening to ensure you are acquiring exactly what you need. Our agents have decades of experience and, collectively, our agents have successfully closed over $250,000,000 in loans to thousands of successful real estate investors.
If you have any questions regarding our company or services be sure to contact us to learn more. When you call you will be immediately connected to one of our agents who can assist you with all your questions or concerns.
Lenders
Our private lenders can close on a loan in 7-14 days.
We can lend up to 75% of the purchase price and repairs, the loan must be less than 65% of the after repaired value.
Our minimum credit score is 580. Credit score and financial strength will factor into the maximum Loan to Value, down payment, points, and interest rate. We will lend under 580 FICO but with a lower loan-to-value.
Loan origination fees average 2-5% of the loan amount (minimum $4,000) and interest rates range from 8-15%.
Our private lenders primarily lend on non-owner occupied single-family properties, 2 – 4 units, condos, townhomes, multi-family homes, commercial properties, raw land, or new construction.
Our ideal house has 3+ bedrooms, 2+ bathrooms, and is located in a well maintained neighborhood. We generally won’t consider small houses (i.e. less than 1,000 sf), houses with 1 bathroom (unless the rehab includes adding a 2nd bathroom), houses located on busy streets, houses abutting industrial/commercial areas.
Our private lenders currently lend both residential and commercial investment property transactions. Our focus is residential investment and commercial properties throughout the United States.
Our minimum loan amount is usually $40,000.00. We occasionally fund smaller loans, however, our minimum loan origination fee is $4,000 or 5 points, whichever is greater.
An appraisal or BPO is performed by us. We may accept third party appraisals. We determine the after repaired value (ARV) of the subject property using a competitive market analysis or comparative market analysis (CMA). The CMA will use sold listings from the MLS to determine the estimated after repaired value (ARV). The comps used in the CMA will be from similar properties in terms of size, age, condition, construction, etc. within a radius of 0.3 miles from the subject property that have sold within the previous 3 months.
Yes, we have a minimum prepayment of four months’ interest. Your loan may be paid at any time with a prepayment penalty; the faster you rehab a property and sell or refinance it, the more profit you make.
Yes, our private lenders lend money for repairs provided the total loan amount does not exceed 65% of the after repaired value (ARV) of the property. Repair money will be held in escrow and will be released in draws as you complete the renovations on your property; our private lenders will not provide any draw advances. The borrower is responsible for paying their contractors and material workers.
Sometimes, provided you have been pre-approved.
No, our private lenders only lend on non-owner occupied properties.
Our private money lenders can pre-approve you for our loan program prior to placing a property under contract.
Yes, depending upon the buyer’s credit and financial strength, our private lenders can finance 75% of the purchase price and 75% of the repairs up to 65% of the after repaired value (ARV) of the property.
Yes, we can roll closing costs into the loan. Interest payments are made monthly beginning on the 1st or 5th day of each month.
We do not require any upfront fees or application fees. Once you have approved our loan terms, we will order a property inspection and the fee for SFH, 1-4 units is $300 and is due upon inspection. After Inspection we will order a title search on the property and prepare closing documents.
All loans will be closed with our attorney or title company. The only exception will be when the seller is a bank and the bank requires that the closing be held at their title companies office.
Our private lenders do not fund loans in Nevada.
Brokers
All of our loans are closed by third party title companies and you can be paid directly at closing. We make sure all brokers that work with us are secured and communicate with all parties to make certain your commission is paid.
Yes, we prefer to work directly with the borrower and you as a broker at all times. We understand that you are referring to the client and if we need to contact a client for whatever reason (i.e. processing, signing loan docs), we will make certain that you are cc’d on any email correspondence with client to facilitate loan closing.
Simple. You can either complete our online loan submission or send us a completed loan application or personal financial statement by email or call us directly. We find it is best to talk through your loan scenario as we can determine in a matter of minutes if we can help.
Absolutely. Our private lenders provide written approvals typically within 24 hours and can fund in a matter of days. As a direct lender with immediate access to capital, we are the decision-maker and have the ability to move quickly.
Every transaction is different and until we have some facts about the loan (property address, amount requested, loan to value, etc.) we will not be able to provide exact terms. Once we have the loan summary information we need, then we can submit written, clear terms to you to present to your client- typically within 24 hours. Download our Loan Programs here.
We encourage brokers to call us directly or submit a loan summary to get started. Typically all we need is a property address and hard money loan amount request and we can move quickly. As a direct private lender, we are able to assess a deal in a matter of hours and provide written terms to you within 24 hours.