Banks have tightened their lending standards during the recent economic downturn which is why hard money lenders in NY are so important these days.
Here is what we are looking to lend on in NYC and on Long Island. We will finance commercial properties in all of NY State. 1-4 unit residential and 1-4 unit rehabs only in the 5 boros, Long Island, Westchester, Rockland and Orange Counties.
1-4 unit purchase and rehabs (arv loans)
Cash out on investment and commercial properties up to 60% loan to value
Commercial Hard Money and complete construction up to 65% loan to value
Ground up construction in Manhattan and Southampton
1-4 unit investment properties, Commercial properties, and even gas stations in the 5 Boros and Long Island up to 25 million
We will lend on all commercial properties in the rest of the state with loan amounts from 75k - 2 mil
We love to lend hard money in Brooklyn, Hard money in Queens, Hard Money Loans in Staten Island, the Bronx, and especially any Hard Money Loans in Manhattan and all of Long Island.
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If you are making offers on properties and the seller is requesting a Proof of Funds letter - click the red proof of funds button to the right and complete the application.
You may find it difficult to finance your investment property and commercial loans with banks or with any other financial institutions these days which is where a private hard money lender in ny comes in. These financial institutions already follow time consuming lending policies and in these economic situations, financing from them has become a challenge even for the well qualified individuals. NY Hard money lenders play a vital role in this economic scenario offering loans with least formalities. If you are looking for a reliable hard money lender, then you have come to the right place. NLD Settlement Corp is the leading hard money lender for investment and commercial hard money lenders in ny. In spite of the increasing number of hard money lenders, we continue to remain the top for hard money loans in NYC.
With the ability to close in as little as 7 days, we want to see all of your loan requests. Fill out the application on our site and we will get right back to you. Don't waste valuable time shopping your deal around, only to scramble at the last minute before closing. If your deal makes sense we will get you closed! Its that simple. Apply right here to get your deal in front of the leading Hard Money Lenders NY
We are the leading Hard Money Lenders in queens, Hard Money Lenders Bronx, and Hard Money lenders Brooklyn and Long Island.
We are now lending money for rehab loans in NY
If you have a deal in NYC and it makes sense we will get it funded. Our typical time to close is about 1 week. We are now lending up to 65% arv in NYC and Long Island. Ask about all of our new 2013 programs.
We are also looking for 1-4 unit investment properties, apartment buildings, mixed use properties, office buildings, strip malls, office condos/retail condos and warehouses to lend on. We love to lend in the 5 boros and Long Island.
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We offer a perfect solution for real estate investors who are having trouble acquiring funds from other sources. We offer a variety of hard money loans in NY which include loans to individuals, partnerships, and LLC?s. We neither consider the credit rating of a person nor credit on 1-4 unit, 5 unit plus or mixed use properties. Over the last 20 years, we make sure that every hard money deal gets funded if it makes sense. That is why so many that are looking for rehab hard money lenders in ny turn to us to be their hard money loan lenders in ny.
NLDS Corporation offers funding on a number of projects which include non-owner occupied, SFR1-4 units, properties which are cross collateralized, mixed use projects, owner occupied hard money in CA and owner occupied hard money in arizona as well along with multi-family projects and small balance condo projects, cash out refinancing, and purchases. We offer the best terms for your loan, we also ensure that it gets funded with least formalities and minimal paper work. The best loan-to-value percentage is assured by us. You just need to pay interest only and we do not charge any pre-payment penalties. The terms for our hard money loans ranges from 6-12 months, but we will lend up to 5 years in some cases. Our funding allows real estate investors to rehab their property to flip quickly. Browse through our website for more details.
No matter what your need is, we will be able to help you structure your deal. We are the leading private hard money lender in NY, and we close some of the quickest hard money loans in NYC. We will be able to assist you with putting your deal together because we are leading commercial hard money lenders in NY as well as hard money loan lenders in NY and rehab hard money lenders in NY.
When looking for a reliable investment or commercial property loan in NY or nationwide, and knowledgeable hard money lenders in NY think about NLD Settlement first when looking for your hard money loans in NY.
To see our loan programs from the leading hard money lenders in NY click here http://www.hardmoneyman.com/hardmoneylendersny.htm
Securing a loan in order to improve real estate or to flip or sell it is not always a straightforward task especially if you decide to get this from conventional lenders. For aspiring real estate sellers, it may prove difficult to secure a loan from a traditional banking institution in order to make improvements to a property for the purpose of increasing its value for a later sale. Banks are weary of investing their money for an unknown future return and are recognized for often simply putting potential borrowers in categories based on their credit reputation or the current value of their owned assets. This means that if a loan can be secured, it is often accompanied by a simply criminal interest rate and unreasonable timeline of expected return on the capital borrowed. This is where hard money lenders NYC comes in. Prospective real estate developers can often find private lenders as a far superior option when looking for funds to get a project in motion.
Private hard money lenders NYC refers to the private lenders in the Tri-State area that offer individually customized loans to borrowers looking to improve their properties or businesses. These types of lenders are far more versatile than their big bank counterparts and are more likely to offer a fair deal to an aspiring real estate seller. A typical loan of this form will involve the property in question being held as collateral for a loan of around 50% to 65% of the properties quick sale value. These loans are usually without any cost up front for the borrower, except the appraisal, and the timeline for repayment on these are typically 6 to 12 months.
In short, those looking to invest in property to sell for a profit would be highly encouraged to consider a private lender as opposed to a bank. Looking into hard money lenders NY to meet your real estate development needs can be really beneficial for your business.