Private Lending Group Inc. is a hard money lender offering short-term and long-term real estate investment loans with 7-day closings, no tax return requirements, and flexible credit criteria.
Data compiled from public sources · Rating from CreditDoc methodology
Private Lending Group Inc. operates as a private lender focused primarily on real estate investment financing rather than consumer mortgages. Founded and led by Daniel Wynn Arguello, the company has funded over $50,000,000 in loans throughout its operating history. While they market themselves under a mortgage category, their core business model centers on serving real estate investors, brokers, and distressed property buyers with alternative lending products.
The company offers multiple lending products tailored to real estate investors: rehab loans for property renovation projects, investment loans for purchase opportunities, rental property loans, cash-out refinance options, residential property tax loans, and commercial real estate financing. They also purchase distressed residential properties for cash and accept investor capital for mortgage and trust deed investments at up to 10% interest. Their stated value proposition emphasizes speed (7-day closings), flexibility (no minimum credit scores, no appraisals required, no tax return requirements), and approval likelihood ("We Say Yes When The Banks Say No").
What distinguishes Private Lending Group from traditional mortgage lenders is their hard money lending model, faster turnaround times, and explicit targeting of borrowers rejected by conventional banks. They operate a three-part business: direct lending to investors, broker partnerships with commissions, and investment syndication for passive income seekers. Their website features testimonials from real estate investors and brokers praising quick closings and flexibility on difficult deals. The company maintains contact channels including a 312 area code phone number, email, and social media presence.
As a private lender, Private Lending Group operates outside traditional mortgage regulatory frameworks. Investors should recognize that hard money loans typically carry higher interest rates than conventional mortgages, shorter loan terms, and are designed for short-term real estate projects rather than primary residence financing. The lack of transparency regarding specific rates, terms, and fees on their website is typical for hard money lenders who quote individually. Their business model depends on borrowers with poor credit, no documentation, or time-sensitive deals—not mainstream consumer mortgage applicants.
Yes. Private Lending Group Inc. is a registered company, headquartered in Chicago, IL.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Private Lending Group is best suited for real estate investors, brokers, and property flippers needing fast capital for short-term projects, not primary residence homebuyers. The primary caveat is that hard money loans carry substantially higher costs than conventional mortgages and are designed for temporary financing of investment deals, making them unsuitable for mainstream mortgage consumers.
Asset Based Lending provides short-term and long-term financing for real estate investors, including fix-and-flip loans, rental property financing, bridge loans, and new construction funding with rates starting at 6.00%.
Best for: Real estate fix-and-flip investors seeking 12-24 month bridge financing with fast closing, Rental property investors looking to refinance or purchase with flexible DSCR requirements
Texas-based short-term lender offering signature loans from $30–$1,800 with no collateral required, targeting credit-challenged borrowers across six locations.
Best for: Texas residents facing unexpected expenses (car repairs, medical bills) who need $100–$1,800 in cash quickly, Unbanked or credit-challenged borrowers unable to access traditional personal loans or credit cards
Time Finance offers quick personal installment loans from $100-$1,000 with same-hour approval in the Atlanta, GA area. Fast cash lending designed for emergencies and short-term financial needs.
Best for: Atlanta-area workers facing unexpected emergencies needing $100-$1,000 within hours, Individuals with poor or limited credit history requiring fast approval
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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