Terms of Use

A second mortgage is a loan secured by your property that sits behind your existing first mortgage. It lets you access equity without refinancing or disturbing the first loan, which matters if your first mortgage has a rate you don’t want to give up. MDI makes these as business-purpose loans, so the proceeds have to be used for a business or investment purpose rather than personal, family, or household expenses.

Possibly. Being behind doesn’t automatically disqualify you, because our underwriting weighs your equity position and the specifics of the situation alongside credit history. What matters most is how much equity is in the property and whether there’s a workable exit. Not every situation qualifies, and we’ll tell you quickly if yours doesn’t.

In California, a Notice of Default is the formal document a lender records to begin the non-judicial foreclosure process, typically after a borrower has missed several payments. It starts a statutory timeline. If you’ve received one, free counseling is available from a HUD-approved housing counselor at hud.gov/findacounselor or by calling (888) 995-HOPE.

Yes. Credit history is one of several factors we consider, along with equity position, property condition, and exit strategy. We weigh equity and the specifics of a situation more heavily than a conventional lender would, but credit is part of the picture and we don’t claim otherwise.

A business-purpose loan is one where the proceeds are used for business or investment purposes rather than personal, family, or household purposes. MDI originates business-purpose loans only. Because these aren’t consumer credit transactions, they are not subject to the disclosure requirements and protections that apply to consumer mortgages. A signed business-purpose statement is required at closing. If you need financing for a personal or household purpose, MDI is not the right lender and you should speak with a consumer mortgage lender.

Liens and judgments are common in the situations we see and don’t automatically rule out financing. They do affect the structure, since they have to be accounted for in the payoff and title work. Bring them up early so the numbers we discuss are realistic.

Often yes, though probate status affects timing and what documentation is required. The specifics depend on where the estate is in the process and how title is currently held.

Hard money is short-term financing secured primarily by the value of real estate rather than the borrower’s income documentation. It generally closes faster than conventional financing and carries higher rates to compensate for the speed and risk. Investors use it when timing matters more than cost of capital.

DSCR stands for debt service coverage ratio — the property’s rental income measured against its debt payments. A DSCR loan qualifies on that ratio instead of personal income documentation like W-2s or tax returns. It’s built for investors holding or scaling a rental portfolio.

A bridge loan is short-term capital that covers the gap between an immediate need and longer-term financing or a sale. Investors use bridge financing to close quickly on an acquisition, then refinance or sell once the property is stabilized or repositioned.

Fix-and-flip loans are typically underwritten against after-repair value rather than the current condition of the property, with rehab funds released through a draw schedule as work is completed. Underwriting looks at the comps, the realism of the rehab budget, and the exit.

Loan amounts range from $50,000 to $100,000,000. Maximum loan-to-value is 65% in California. Actual terms depend on the property, the structure, and the borrower’s circumstances, and are disclosed in writing before any commitment.

Investor financing is available nationwide. Homeowner and property-owner lending is focused on major markets across California.

MDI funds loans directly from its own capital, and where another source is a better fit for a deal, we place it with an investor, private bank, or institutional capital source. Different capital sources have different appetites, structures, and thresholds, so a file that doesn’t work with one may work with another. The practical effect is that a decline from a single source isn’t the end of the conversation.

Rates, points, and fees vary by loan product and borrower circumstances, and are disclosed in writing before any commitment. We don’t publish a rate sheet because a number without the context of a specific property and structure would be misleading.

Timelines depend on the property, title condition, and how quickly documentation comes together. Private lending is generally faster than conventional financing, but we won’t promise a specific number of days before seeing a file. If your timeline is tight, say so early and we’ll tell you honestly whether it’s realistic.

Neither, exactly. MDI funds loans directly and arranges financing through a network of third-party lenders. MDI is not a bank, foreclosure consultant, loan modification service, credit repair organization, or housing counseling agency. Loans are originated by Alex Nelson, NMLS #233991, of 1st Point Lending, Inc., NMLS #151392.

No. An initial consultation costs nothing and doesn’t commit you to anything. If we can’t help, we’ll say so.