Do you have funds to lend?
If you currently have money that you would like to lend to McGram Funding we will be happy to contact you regarding our program. All monies we borrow are secured in first position with real estate that is located in the Phoenix metropolitan area. You receive a full description of the loan, property and value with photos prior to agreeing to fund the loan. We offer a respectable interest rate to those who opt to be lenders to McGram Funding.
This is not a solicitation offer for you to invest in our company. This program is offered as an option for those who have excess capital that might not be earning an interest rate you desire. McGram is a borrower and lender on real estate in a market we know and understand.
WHY IS PRIVATE MONEY NEEDED?
McGram Funding is set up to help Borrowers acquire properties quickly and easily to allow them to rehab, resell or hold their investment properties. If these Borrowers had to utilize conventional financing, most or all of these deals would be lost due to time constraints from these sources.
Since this is one of the only ways for the active real estate Borrower to purchase real estate, it allows for higher rates of interest to be collected. Eventually these loans will be paid off once the property is rehabbed and sold or the Borrower refinances through a conventional institution once the property is rehabbed.
The purpose of this loan is to help these active real estate investors get started in the process of acquiring properties and collect interest rates that have greater return. These loans are generaly short term and the equity base is built into the loan from the beginning. Longer term loans are also available and funded.