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Get Approved
Today!

Close In 7 Days.

Get Approved Today!

Close In 7 Days.

We Say Yes When The Banks Say No

Benefits With Private Lending Group

  • 7 Day Closings

  • No Tax Returns

  • Competitive Rates & Programs

  • No Appraisal Programs

  • No Minimum Credit Scores

How Our Private Lending Works

Apply Online

Complete our simple online application or submit a loan request by email. You will hear back from one of our private lenders.

Get Approved

Within 24 Hours of receiving the loan application, one of our private lenders will provide a written offer disclosing all terms.

Loan Funded

The private loan will be funded in a matter of days. Unlike our competitors, we don’t take weeks to fulfill a private loan.

Our Lending Services

Stay Informed With Our Private Lenders

 

See What Others Have To Say About Our Lenders

“On behalf of the Turnkey Investment organization, I would like to thank the staff at PLG for their support and assistance for these past few years. You all were phenomenal and showed a great deal of patience and understanding in regards to our situation. I wish you all the best.”

Vince Toni

“If you’re looking to purchase 1 or more properties that requires REPAIR or REHABBING. Then you need a hard money lender that is Flexible, Reliable and Experienced in getting the deal done Fast. Daniel at Private Lending Group quickly approved us to get the REHAB FUNDS we needed for our properties. We could not have done this by using traditional mortgage companies. Thanks Daniel”

Aretus & Pearl Smith

“Great. Quick with no hassles. I’m ready to do more. Thanks again Steve for your due diligence. I truly appreciate your dedication, patience, and service with following through to make it happen.”

Jai Jones

“After being rejected by many lenders when I was looking for cashout refinance to pay my taxes and some other bill, Mr Daniel Wynn Arguello with private lending group came to my aid and I was able to close within two weeks. My experience with him was excellent due to his professional ways of handling individual situation. I will recommend that Mr Daniel is the right man to trust during a critical situation because his dedication and work ethics to get your deals close and make your dream a reality.”

Adeniyi Adesida

“Knowledgeable, skilled staff eager to help and make our rehab loan a reality. Thank you Private Lending Group”

Kimberly Hoffman

“Dan is an experienced hard money lender that closes loans quickly and offers great returns to investors like myself. I would recommend him to any of my friends or business associates!”

Steve Brockman

“Two very difficult funding projects in one year in very difficult times dealing with them was a life saver, and looking forward to doing business in the future”

Sammie Parr

“I can not say enough good things about Private Lending Group Inc. Daniel is a phenomenal business person with a ton of patience. Even in the mist of a Pandemic they were able to loan money. They are efficient, fast and compassionate. If you are ever in need of a Real Estate Loan, do not hesitate to call PRIVATE LENDING GROUP.”

Ingrid Spinks

“I had a very diffcult real estate investment deal going and did not have enough liquid to close the deal. I heard about Daniel and Private Lending Group and decided to give them a try. BEST DECISION I EVER MADE!!!! Not only was a deal like this unheard of, It was never done. Dan MADE it work!!!!!! I got the deal closed by deadline and was treated like my deal was their top priority. They return phone calls and emails, answer questions and are very knowledgeable. I HIGHLY recommend Daniel & Private Lending Group and will gladly talk to anybody about their services”

Barry Barker

FAQs

What else can you tell me about Private Lending Group?

We are a reputable company of private lending agents in the Chicago land area known for our quick and efficient services! Our agents work hard to guarantee your satisfaction through careful consideration, years of experience, and active listening to ensure you are acquiring exactly what you need. Our agents have decades of experience and, collectively, our agents have successfully closed over $250,000,000 in loans to thousands of successful real estate investors.

If you have any questions regarding our company or services be sure to contact us to learn more. When you call you will be immediately connected to one of our agents who can assist you with all your questions or concerns.

Lenders

How fast can your private lenders close?2022-07-11T06:02:56+00:00

Our private lenders can close on a loan in 7-14 days.

What is your maximum loan to value (LTV)?2022-07-11T06:09:15+00:00

We can lend up to 75% of the purchase price and repairs, the loan must be less than 65% of the after repaired value.

What is the minimum credit score you will accept?2022-07-11T06:09:11+00:00

Our minimum credit score is 580. Credit score and financial strength will factor into the maximum Loan to Value, down payment, points, and interest rate. We will lend under 580 FICO but with a lower loan-to-value.

What are your loan origination fees? Interest rates?2023-11-24T03:09:51+00:00

Loan origination fees average 2-5% of the loan amount (minimum $4,000) and interest rates range from 8-15%.

What types of properties will your private lenders work on?2022-07-11T06:10:37+00:00

Our private lenders primarily lend on non-owner occupied single-family properties, 2 – 4 units, condos, townhomes, multi-family homes, commercial properties, raw land, or new construction.

Our ideal house has 3+ bedrooms, 2+ bathrooms, and is located in a well maintained neighborhood. We generally won’t consider small houses (i.e. less than 1,000 sf), houses with 1 bathroom (unless the rehab includes adding a 2nd bathroom), houses located on busy streets, houses abutting industrial/commercial areas.

In what areas do you lend?2022-07-11T06:15:41+00:00

Our private lenders currently lend both residential and commercial investment property transactions. Our focus is residential investment and commercial properties throughout the United States.

What is your minimum loan amount?2022-07-11T06:36:54+00:00

Our minimum loan amount is usually $40,000.00. We occasionally fund smaller loans, however, our minimum loan origination fee is $4,000 or 5 points, whichever is greater.

Is an appraisal required? Will you accept a third party appraisal?2022-07-11T06:17:03+00:00

An appraisal or BPO is performed by us. We may accept third party appraisals. We determine the after repaired value (ARV) of the subject property using a competitive market analysis or comparative market analysis (CMA). The CMA will use sold listings from the MLS to determine the estimated after repaired value (ARV). The comps used in the CMA will be from similar properties in terms of size, age, condition, construction, etc. within a radius of 0.3 miles from the subject property that have sold within the previous 3 months.

Do you charge prepayment penalties?2022-07-11T06:17:24+00:00

Yes, we have a minimum prepayment of four months’ interest. Your loan may be paid at any time with a prepayment penalty; the faster you rehab a property and sell or refinance it, the more profit you make.

Do your private lenders lend money for repairs?2022-07-11T06:23:58+00:00

Yes, our private lenders lend money for repairs provided the total loan amount does not exceed 65% of the after repaired value (ARV) of the property. Repair money will be held in escrow and will be released in draws as you complete the renovations on your property; our private lenders will not provide any draw advances. The borrower is responsible for paying their contractors and material workers.

Do you provide proof of funds letters?2022-07-11T06:24:30+00:00

Sometimes, provided you have been pre-approved.

Can anyone live in the house during the course of the loan?2022-07-11T06:24:54+00:00

No, our private lenders only lend on non-owner occupied properties.

Do I need to have a property under contract before applying for a hard money loan?2022-07-11T06:25:18+00:00

Our private money lenders can pre-approve you for our loan program prior to placing a property under contract.

Do you require a down payment?2022-07-11T06:25:37+00:00

Yes, depending upon the buyer’s credit and financial strength, our private lenders can finance 75% of the purchase price and 75% of the repairs up to 65% of the after repaired value (ARV) of the property.

Can the points, closing costs, and interest be rolled into the loan?2022-07-11T06:25:59+00:00

Yes, we can roll closing costs into the loan. Interest payments are made monthly beginning on the 1st or 5th day of each month.

Are there any upfront fees? Application fees? Inspection fees?2022-07-11T06:26:22+00:00

We do not require any upfront fees or application fees. Once you have approved our loan terms, we will order a property inspection and the fee for SFH, 1-4 units is $300 and is due upon inspection. After Inspection we will order a title search on the property and prepare closing documents.

Can you close with your attorney or do you require we close with your attorney?2022-07-11T06:26:45+00:00

All loans will be closed with our attorney or title company. The only exception will be when the seller is a bank and the bank requires that the closing be held at their title companies office.

Is there anywhere you do not fund private loans?2022-07-11T06:27:05+00:00

Our private lenders do not fund loans in Nevada.

Brokers

How do I get paid for my services?2022-07-11T06:29:10+00:00

All of our loans are closed by third party title companies and you can be paid directly at closing. We make sure all brokers that work with us are secured and communicate with all parties to make certain your commission is paid.

Do you deal with my client directly?2022-07-11T06:29:30+00:00

Yes, we prefer to work directly with the borrower and you as a broker at all times. We understand that you are referring to the client and if we need to contact a client for whatever reason (i.e. processing, signing loan docs), we will make certain that you are cc’d on any email correspondence with client to facilitate loan closing.

How do I submit my loan to you?2022-07-11T06:29:55+00:00

Simple. You can either complete our online loan submission or send us a completed loan application or personal financial statement by email or call us directly. We find it is best to talk through your loan scenario as we can determine in a matter of minutes if we can help.

Is your process fast?2022-07-11T06:30:30+00:00

Absolutely. Our private lenders provide written approvals typically within 24 hours and can fund in a matter of days. As a direct lender with immediate access to capital, we are the decision-maker and have the ability to move quickly.

What rate and fee can my client expect?2022-07-11T06:31:00+00:00

Every transaction is different and until we have some facts about the loan (property address, amount requested, loan to value, etc.) we will not be able to provide exact terms. Once we have the loan summary information we need, then we can submit written, clear terms to you to present to your client- typically within 24 hours. Download our Loan Programs here.

What paperwork do you need to start?2022-07-11T06:31:28+00:00

We encourage brokers to call us directly or submit a loan summary to get started. Typically all we need is a property address and hard money loan amount request and we can move quickly. As a direct private lender, we are able to assess a deal in a matter of hours and provide written terms to you within 24 hours.

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