What are Mentor Financial Group (MFG) loan guidelines?
Loan to Values (LTVs); 50% for land, up to 65% for Development, Vertical Construction up to 70% and Bridge up to 70%. Some investors who have a keen interest in the property from time to time will loan at higher LTVs. Terms; Most loans are made for a 12-18 month term, and sometimes longer. Loans fees; Paid by the borrower. Geographic focus; We make loans in California and have nationwide contacts. Size; Typical loan size is $250,000 to $5 million. We regularly see and fund investment opportunities over $30 million.
