About CMG Capital
CMG Capital is private money lender headquartered in Miami, FL. They offer funding in Florida. Their focus is mainly on private commercial loans. They offer loan amounts ranging from $4,000,000 to $10,000,000. They make loans on all the following property types: multi-family units, apartment buildings, offices, retail storefronts, hotels, storage buildings, senior housing communities, mixed use buildings, warehouses, industrial facilities, and medical buildings.
Loan Types Offered: Commercial Hard Money Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical
Areas Served: FL
Licenses: NMLS# 314403
Lending Guidelines for CMG Capital
Below are the general loan guidelines published on the CMG Capital website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money LoansLoan Amounts: $4,000,000 - $10,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: N/A
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: N/A
The following loans are for education purposes only. They do not represent actual loans executed by CMG Capital.
Loan Example 1
Sherri runs a small business in Miami, FL and decides to buy a new building for her operations. Because she cannot get a conventional mortgage loan from a bank, she turns to CMG Capital for a commercial hard money loan. The new property is listed for $270,000. Sherri will need to put 50% down, or $135,000, because the lender will loan only 50% of the transaction (the loan-to-value or "LTV"). Accordingly, the principle on the note is $135,000. The loan also dictates a 12 month term, a 11% rate of interest, interest only payments paid each month with a final payment when the note expires (without a pre-payment penalty), and a 3 point origination charge. By the terms of this deal, Sherri will have to pay origination points of $4,050 when the deal is executed. She will also begin making payments of $1,238 per month for the duration of the loan and will repay the principle at the end of the 12 month term. If she decides to re-pay the loan earlier, she may do so without additional expense because there is not a pre-payment penalty associated with the note.
Loan Example 2
Regina is a real estate investor in Miami, FL. She locates a run-down townhouse for a renovation project and obtains a private money loan from CMG Capital with the following terms:
a) A $270,000 sales price, b) a 60% loan to value (LTV), c) a 6 month term, d) a 14% interest rate, and e) a 1% origination fee.
Regina intends to sell the house when the note expires for $405,000. If she succeeds, the deal numbers would be as follows:
$405,000 sales price
- $162,000 note principle (60% LTV)
- $108,000 down payment (40% on 60% LTV)
- $1,620 origination fee (1% of the $162,000 principle amount)
- $11,340 interest payments (6 months x 14% interest)
= $122,040 total profit (does not include taxes or rehab costs)
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