Magna Capital Group

About Magna Capital Group

Magna Capital Group is a Beverly Hills, CA based private lender offering funding throughout California. They offer long term rental property loans, bridge loans, hard money refinancing, commercial loans, fix-and-flip hard money loans, and builder loans. Their loan guidelines are versatile, including rates ranging between 7% and 13%, terms between 6 months and 5 years, and loan amounts up to $50,000,000 with a maximum LTV of 75%. Their loan parameters do not require a minimum credit rating. They provide loans on the following property types: single family units, multi-family units, apartment buildings, office units, retail storefronts, hotels and motels, storage facilities, assisted living facilities, mixed use buildings, undeveloped land, churches, warehouses, and industrial buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Land, Church, Warehouse, Industrial

Areas Served: CA

Licenses: California DRE License # 01866646, Nevada DRE License # RE.1450801, NMLS ID # 342925

Lending Guidelines for Magna Capital Group

Below are the general loan guidelines published on the Magna Capital Group website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Magna Capital Group.

Loan Example 1

Nicholas finds a house in Los Angeles, CA to flip and resell. Since he doesn't have enough cash to purchase the $310,000 house outright, he takes out a fix and flip loan from Magna Capital Group. The borrower will be required to bring 35% of the sales price in cash to the closing based on a 65% loan-to-value set by the lending company. This makes the principle amount from Magna Capital Group $201,500. The note is interest-only, paid monthly, and is for 12 months at 14% interest with 2 points to be paid at the closing.

The borrower must contribute a total of $32,400 upon closing to cover the $108,500 down payment plus the $4,030 origination fee. After the loan closes, he will have to pay the lender $2,351 in monthly interest fees, or 14% multiplied times $201,500 divided by 12 months in a year. If Nicholas achieves his goal of a $418,500 total sales price when the loan term expires, he would earn a total profit of $76,260 after repaying the principle and deducting the cash he brought to closing, the origination points, and the total interest payments.

Loan Example 2

Hazel is a real estate investor in Los Angeles, CA. She purchases an older house for a rehab project and obtains a private money loan from Magna Capital Group with the following terms:

$170,000 purchase price
55% loan to value (LTV)
6 month term
10% rate of interest
4% origination fee

If Hazel achieves her goal of a $204,000 sales price, the final numbers of the deal will be as follows:

$204,000 sales price
- $93,500 note principle (55% LTV)
- $76,500 down payment (45% on 55% LTV)
- $3,740 origination points (4% of the $93,500 principle amount)
- $4,675 interest payments (6 months x 10% interest)
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= $25,585 total profit (doesn't include taxes or rehab costs)

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