Questions
Ask away.
Everything operators ask us most, answered plainly and in one place. If yours is not here, call and ask it.
Borrowing
What does PMG lend on?
Business purpose loans on residential real estate in the Las Vegas valley. Purchase, renovation, ground up construction, bridge, and rental holds.
What does business purpose mean?
The property is an investment, not your home. We do not lend on owner occupied primary residences, and we do not make loans for personal, family, or household use.
Do I need to be a full-time investor?
No. We fund people on their first project and people on their fortieth. The file looks different, but the door is the same.
What do you look at first?
The property. Then the plan. Then the person. An asset that works protects everyone in the deal, including you.
How fast can you close?
It depends on the file, the property, and title. We will give you a realistic window once we have seen it, and we will not give you a date we are not confident in. A date you can plan around is worth more than a fast one you cannot.
What are your rates?
Pricing depends on the deal, so it comes from our licensed originator after we have looked at the file. Anyone quoting you a number before seeing your property is guessing.
Do you charge points?
Yes, and they are disclosed in writing before you commit to anything.
Do I need to put money in?
Almost always. How much, and in what form, varies by program and by file.
Do you require an appraisal?
It depends on the file. We will tell you what your specific deal needs before you spend money on anything.
Will you lend to my LLC?
Yes. Business purpose lending is entity level. We will need the formation documents and the operating agreement.
What if my credit is not great?
Tell us anyway. We are asset first, which means credit is context rather than the decision. It is not irrelevant, but it is rarely the whole story.
What if there is already a loan on the property?
Say so up front. Second position is something we do. Finding out late is what causes problems, not the second itself.
My project is stalled. Can you help?
That is a program. Send it. Half finished projects are more fundable than people expect.
Do you lend outside Las Vegas?
Las Vegas is our market. It is where our judgment is worth something and it is where we lend.
Do you do commercial, multifamily, or land?
Those are handled by relationship rather than by program. Ask and we will tell you what is possible.
What happens after I submit a scenario?
We confirm we have it, we look at it, and you get a written response. Not a maybe left on a voicemail.
Does it cost anything to send a deal?
No.
Who makes the decision?
One licensed originator, on every file. That is a condition of operating as a licensed lender, and it means the answer you get is the answer.
Working with PMG
Who is PMG?
Private Money Group LTD, a private money lender based in Las Vegas, backed by more than thirty-five years of experience in this valley’s real estate. No parent company, no outside equity, no committee in another state.
Are you a broker?
We are a lender, not a broker shopping your file around town. Your deal is read, underwritten, and decided here in Las Vegas.
Who do I talk to?
Call us or submit the form. We will get you to the right person.
What is the Funding Table?
Our education and network side. Free content, tools, a monthly newsletter, and market updates year round, plus one event a year in person.
How do I stay in touch without being marketed at?
Join the Funding Table.