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Review 6/24/2010
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I had worked with this company in the past & had prompt response on my requests for a loan. I worked with Steve & Jason. They tentatively answered all of my questions on their programs & although they had said they were busy & were tough to reach by phone, they always returned my calls or emails. Jessica was also helpful as well to getting me in touch w/ who I needed to speak with.
It was a fairly simple loan (485k residential purchase) & MGM's requirements were basic as it was based on the equity in the property. There was an upfront due diligence charge to underwrite the file but I know that is standard in the industry & their charges were the lowest I could find. Especially in this market there are many borrowers SHOPPING with no commitment to close on the loan & it would help me get my client to closing with some interest in the deal.
My borrower decided against the offer but for all of my future hard money deals, I'm sending over to MGM. They have an unbeatable hard money source with flexibility to work in this market.
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