Call now: 718-512-8587
Hard Money Loan For New York Investors
Seeking a hard money loan in new york, or nationwide we can help you close quickly on a commercial or residential property ?
Hard money lenders in ny and around the country are busier then ever! Due to this mortgage crisis and the highest foreclosure rates ever in this country, hard money lenders are becoming more picky and also cherry picking deals that are safer due to instability of plummeting home prices.
Refinancing a hard money loan is possible through a traditional lender but there are hard money lenders who also refinance properties at a lower rate.
Getting a line of credit real estate secured is easy, quick and simple with hard money lenders.
Hard money loans are loans that are normally utilized by borrowers that may have great credit but that need to close quickly and have no time for long red tape processing involved with traditional local banks. Or the bank will not approve the loan they are looking for due to the underwriting criteria at that particular bank they applied at and need to go else where, where the underwriting guidelines are different as it is with hard money loans.
Residential or Commercial Hard Money Loans are also great for deals that are ideal non bankable transactions that require commercial financing in the new york area, need to close quickly and are not credit driven, and based only the collateral making it totally a asset based loan.
Perfect example, those that are facing foreclosure behind on the mortgage payments and their bank will not refinance their property to help them catch up with our 1st paying up what is owed before they would allow them to refinance…….:>(
Our commercial hard money lending guidelines offer creative options such as cross collateralization of assets, second mortgage positions, equity participation and the use of non-tangible assets as additional collateral.
How Much Of A Hard Money Loan Can You Get
Each hard money lender like traditional bank lenders have their own lending criteria ranging from $30,000 - $30,000,000.
What Types Of Properties Can You Get a Private Money Loan Against
- New york commercial properties
- New york residential property
- New york multi family property for sale
- New york industrial property
- New york warehouses
- High rise condos in new york city
- New york jumbo loans
- New york coop buildings
- New york vacation property
- New york condo conversion
What Other Things You Should Know About New York Hard Money Loans
- Nationwide - All 50 States - Immediate Property Inspection in New York, NY
(NYC, Queens, Brooklyn, LI, Upstate) - New York Commercial Hard Money in 24 Hours From Approval
- Bad credit OK when applying for a Hard Money Mortgage Loan with us
- All situations considered including bankruptcy, foreclosure
- 24 Hour Approvals / Emergency Mortgage Closings
- Our Hard Money Mortgage Loan Program is designed for quick closings
- Hard Money Bridge Loan rates range from 10%-16% with LTVs up to 75% New York,
NYC exceptions to 80LTV. - Our Hard Money Mortgage Loans are based on actual property/project value
- Asset Based Loan Approvals for all our Hard Money Mortgage Loans
- Updated Appraisal Ok - IMMEDIATE SITE VISITS NATIONWIDE- Same day in New York area.
- New York, NY, NYC, New York area, (Queens, Brooklyn, Westchester,
Usptate, Long Island) Title insurance obtainable and can be reviewed in 1 business day. - Emergency New York hard money, commecial hard money and NY Bridge loans FAST.
- $200,000 to $35,000,000
- Nationwide - All 50 States - Immediate Property Inspection in New York, NY
(NYC, Queens, Brooklyn, LI, Upstate) - New York Commercial Hard Money in 24 Hours From Approval
- Bad credit OK when applying for a Hard Money Mortgage Loan with us
- All situations considered including bankruptcy, foreclosure
- 24 Hour Approvals / Emergency Mortgage Closings
- Our Hard Money Mortgage Loan Program is designed for quick closings
- Hard Money Bridge Loan rates range from 10%-16% with LTVs up to 75% New York,
NYC exceptions to 80LTV. - Our Hard Money Mortgage Loans are based on actual property/project value
- Asset Based Loan Approvals for all our Hard Money Mortgage Loans
- Updated Appraisal Ok - IMMEDIATE SITE VISITS NATIONWIDE- Same day in New York area.
- New York, NY, NYC, New York area, (Queens, Brooklyn, Westchester,
Usptate, Long Island) Title insurance obtainable and can be reviewed in 1 business day. - Emergency New York hard money, commecial hard money and NY Bridge loans FAST.
Call now: 718-512-8587