HARD MONEY LENDING NEW YORK

NEW YORK LENDING AREAS: We are focused in the 5 boroughs of NY (Manhattan, Brooklyn, Harlem, Queens, Staten Island), Long Island, Westchester, and Hudson Valley.

NY HARD MONEY LENDING HIGHLIGHTS:

    • 65% Loan to Value based off of the After Repair Value
    • 1 to 2 Year Terms
    • Funding 80% to 90% of total project cost
    • Loan Must Close in LLC or Corporate Entity
    • No Prepayment Penalties
    • No Seasoning Period
    • Interest Only
    • Quick Closings
    • Single Family, Multifamily, Mixed-Use, and All types of Commercial
    • No churches, gas stations, or limited special use properties
    • Single Families are investor only, Commercial can be owner occupied
    • No Money Down
    • No FICO minimum
    • Rates from 12% to 14% – Interest only
    • Origination Fee 2 to 4 Points
    • All Asset Classes Considered
    • Loan Amounts Up to $3,000,000
    • 10 Day closings

SCOTSMAN GUIDE RATED:

 Hard Money Lending New York

ALPHA FUNDING SOLUTIONS #4 TOP HARD MONEY LENDER IN VOLUME NATIONWIDE