Real Estate Financing
Matthew Magrone is a Senior Account Executive and Founding Partner at Ocean View Funding Group where he works in real estate financing.
Real estate financing has always been a calling for Matthew. After spending five years working in academia, he is back again with the grand re-opening of Ocean View Funding Group, which he originally founded in 2012 to provide a personalized, creative real estate related financing through private equity and banking resources for mostly real estate and small business-related projects.
Matthew Magrone has been working in real estate financing since he graduated from college and moved from New York to Florida. It was here that he began purchasing rental properties at such a rate that it quickly made sense for him to start his own company in the field. In 2003, Matthew founded his new real estate financing business, Empire Holdings, LLC, in Naples where he took charge running all of the financing for the business. He soon realized that while he might not be the handiest guy, he was fascinated by the the financial aspects of running a business. It was here that he began developing his passion for real estate financing and honing it into his future career.
For Matthew Magrone, the most exhilarating part of working in real estate financing is the ability to help an individual arrange a concept of solutions for the problems they’ll encounter from start to finish. He started working with individual borrowers on the residential side of real estate, and he now handles projects both large and small, residential or commercial, anywhere from working with people to help them procure a mortgage to working on the development of multi-family homes, office complexes, hotels, and all income producing properties.
Matthew Magrone seeks to distinguish himself from the competition through his personal touch and accessibility. He wants to open himself as a resource to his clients and have them see him as a lifeline they can reach whenever they need him, even weekends, offering more accessibility and personability to his clients in a way retail lenders likely would not. He also sees his role as being a liaison between the little guy – his clients – and the big guy – the bank.
Moving forward, Matthew Magrone wants to capitalize on the success he’s seen and the skills he’s acquired to expand his footprint into new markets. Alongside Florida, he’s looking to open new locations in Boston and Alabama and start growing the footprint of the business while helping people understand how lucrative of an investment real estate can be. With each market so unique and different, he wants to ensure he’s got a knowledgeable, well-equipped team to help him grow.
For the latest updates from Matthew Magrone on real estate financing, check out his blog!
Read Matthew Magrone’s Latest Post:
Compared to residential ventures, commercial real estate is a whole different level of complexity. There are, however, pros and cons to engaging in both sides of the playing field. With a hotel project, for example, there are ordinances to follow and permits to acquire for hotel guests’ safety. The building must be up to code and be able to comfortably sustain the maximum occupancy. Before you are ready to present your proposal to would-be investors, it’s important to also make sure with officials that you will be allowed to build the size hotel you are envisioning and that it doesn’t infringe upon any local laws, such as within the tourism industry. Because it is a very risky gamble, only certain types of investors will be willing to dive into this type of real estate.
More about Ocean View Funding Group:
Ocean View Funding Group, LLC is a nationwide commercial mortgage company that works with hundreds of lenders in the United States.
The principals at Ocean View Funding Group have been in the commercial lending and real estate business for over 15 years and we know how to properly advise a borrower on any type of commercial and residential real estate transaction. We have worked with hundreds of borrowers, and continue to, due to our superior customer service and knowledge of this business. We stay with our borrowers throughout every step of the lending process to ensure the loan closes properly and in a timely fashion.
On the Permanent Side We Do:
- Bank Loans (conventional and SBA loans)
- Bank Alternate Stated loans (these lenders are not banks and borrowers do not need to submit tax returns to qualify for these types of loans).
On the Temporary Side We Do:
- Renovation loans (for 1-4 unit investment properties and some standard commercial properties)
- Bridge Loans (for 1-4 unit investment properties and commercial properties)
- Ground Up Construction loans (for 1-4 unit investment properties).
- Fix and Flip (1-4 unit residential properties)
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