HARD MONEY & BRIDGE LOANS FOR NEW YORK
At Hard Money Loans Brooklyn where our name started with one city in New York, now offers Bridge and Hard Money Loans across the State of New York. We have enjoyed a continued proven track record and lots of happy and satisfied customers. We are committed to making the loan process super easy and fast. We are happy to assist you in securing a non-owner occupied Hard Money Loans for any type of property, be it a multi-family, a single family, or a commercial property anywhere in New York. We are direct investors, so you do not need to worry about a 3rd party investor making your loan process complicated. We enjoy fast and quick closings on a regular basis.
We are a direct lender and have funded millions of dollars in loans for our clients. If you are a resident of New York, in Manhattan, NYC, Brooklyn, Queens, Staten Island, The Bronx, or Yonkers, or abroad other cities in New York, you can relax knowing that you have us as your trusted lender for all your loan and money needs.
FREQUENTLY ASKED QUESTIONS ABOUT HARD MONEY LOANS
How much of a loan can I get?
Hard Money Loans Brooklyn lends a minimum of $250,000 up to $10 Million dollars. Larger loans will be considered on a case-by-case basis.
What do I need to apply?
You will need to provide a brief summary of your loan request, complete a short loan application, and provide interior and exterior photos of your property. When we are in receipt of this information, we can provide you with a quick lending assessment and preliminary loan terms.
Can a borrower work with Hard Money Loans Brooklyn directly or do I need a broker?
Borrowers who are looking for alternative, hard money loan financing are encouraged to apply with us directly.
How long will I have to pay the loan back?
Our loan terms are extremely flexible and will work with you on that.
Are there pre-payment penalties?
There are no prepayment penalties when you get a loan from us. Borrowers can pay back a loan early without incurring any fees or cost.
Does Hard Money Loans Brooklyn offer Real Estates Owned (REO) loans?
Yes, we can provide financing for real estate owned property purchase based on existing loan-to-value (LTV).
What is a hard money lender?
A hard money lender is a private investor or company, such as Hard Money Loans Brooklyn, that provides alternative financing to borrowers, which is secured by real property. Hard money lenders look at the value of the real property to be used as loan collateral over a borrowers’ credit history or earning power.
Do you broker loans out to other lenders?
No. We are a private lender and we have money readily available to fund your loan. We do not require a loan committee or approval outside of Hard Money Loans Brooklyn to issue a loan. You can rest assured that we will have funds available to close your loan.
Does Hard Money New York work with Brokers?
Yes. We are a “broker-friendly” company and we value our broker-partner relationships. Our company is staffed with experienced account executives and former brokers. We know the importance of having a lender you can trust that can get your loans closed fast.
Can I get a 1-4 unit family residential loan?
Yes, provided the property is a non-owner occupied investment property
What States do you fund in?
We are able to provide residential and commercial real estate financing in the entire state of New York. Please contact us now for a FREE property assessment.
What property types do you provide financing for?
- Improved land
- Hotels / Motels
- Free standing commercial
- Non-Owner Occupied (NOO) 1-4 unit Investment
Other types of commercial properties will be considered on a case by case basis.
What are your typical rates and fees?
Our asset-based hard money loans are very competitive. Contact Us Now, and find out how we can help you get the real estate financing you need.
What are the advantages of get a hard money loan from Hard Money Loans Brooklyn?
We are a true “asset-based” lender that can close your loan fast. We accept all credit history and we do not require personal financials. Furthermore, we do not require extensive documentation and third party reports. If your commercial property has sufficient equity, we can get you financing