Mid-Project
Stalled mid-build? Finish it.
Running out of money before a project is finished happens more often than anyone admits. We step in behind your existing loan with the capital to complete the work. It’s a corner of the market most lenders avoid, and one we know well. Apply online to get started.
Overview
Capital to reach the finish line
Mid-Project funding is completion capital for a build or renovation that ran short before it was done. We lend in second position behind your current loan, up to 75% of the combined value, so you can finish the work, reach your exit, and pay everyone off. Most lenders won’t touch a half-finished project. This is exactly the situation we set out to solve.
Who it’s for
- Builders and rehabbers who ran short partway through.
- Projects with a first lien in place and real equity left.
- Work far enough along to reach a clear finish and exit.
- Loan amount
- $25K – $500K
- Term
- 3 – 9 months
- Rate
- 11.9 – 14.9%
- Leverage
- Up to 75% CLTV · 2nd lien
- Points
- 2 – 3 points
- Close speed
- 5 – 12 days
Because this is completion money in second position, it carries more risk, and the rate reflects that, generally 11.9% to 14.9%. What matters most is how much work is left, your combined leverage, the terms of your first loan, and how close you are to a clean exit.
How It Works
From submission to payoff
- Send us the projectUpload where things stand, what’s left, the budget, and your existing loan details through our secure application. No call required.
- Get your term sheetWe review the remaining work and lay out structure, leverage, rate, and points.
- We underwrite and value itWe confirm the first lien, the combined leverage, the remaining budget, and the exit.
- CloseUsually 5 to 12 business days once your file is complete.
- Draw to the finishMoney releases as the remaining work is completed and inspected.
- Sell or refinanceThe loan pays off when the project sells or you refinance on completion.
Apply
What you’ll need to apply
Have these ready and we can turn a term sheet around quickly. Everything is submitted and tracked in your secure PMG portal.
- Borrower & entity
- Property address
- Existing (1st) loan details
- Amount still owed
- Remaining scope & budget
- Completion amount requested
- Current & finished value
- Timeline to completion
- Exit strategy
- Key documents
Application link points to your secure PMG application. Set the live URL before launch.
- Application
- Apply online →
- Portal
- Borrower & investor login →
- FAQs
- Read common questions →
- Scenarios
- Same-day timeframe →
Questions
Mid-Project funding, answered
What is Mid-Project funding?
Completion capital for a construction or renovation project that ran short of cash before finishing. We fund behind your existing loan so you can complete the work and reach your exit.
What lien position is it?
A second lien, behind your current first-position lender, up to 75 percent of the combined value.
Why do so few lenders offer this?
Completion money in second position is more complex and higher risk, so most lenders steer clear. We treat it as a specialty and underwrite it ourselves.
How fast can you fund?
Usually 5 to 12 business days once we have the project details and your existing loan information.
How much can I borrow?
From $25K to $500K, depending on the combined leverage limit and the equity left in the project.
Are the rates shown a commitment to lend?
No. The rates shown are ranges to give you a feel for pricing, not a quote. Final terms follow underwriting.
Talk To PMG
Rather talk it through first?
You can apply online whenever you’re ready. If you’d rather walk through a scenario first, send us a note and someone here will get back to you personally, usually the same day.
Private Money. Institutional Discipline. Local Relationships.
Ready to finish the job?
Send us the deal and a real person will get you a term sheet.