Hard Money
Acquisition & Construction Loans
For
developers, sub-dividers & contractors,
we can provide acquisition &
construction financing based on the
future value of the property.
We provide
both
bank construction financing
and
private hard money construction loans.
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Nearly all building and
development begins with
the purchase of raw
land. In the current
environment, many
lending sources will not
make loans on raw,
undeveloped land. We can
help you purchase,
construct and develop
land for
residential sub-division
or commercial or
industrial use.
We will work to get
you the highest possible
Loan-to-Value ratio on
your land collateral. We
welcome inquiries from
land owners and
residential and
commercial developers. |
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Get
Qualified now ! |
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Raw Land Hard Money Loans
usually capped at 50% loan to value ration.
Construction Financing
usually at 65% of Future Value. Plans and Permits
required for construction draws.
e mail or call us
now toll free (718) 909-5499
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General
parameters for hard money acquisition
and construction loans are 65% of the finished value
of the project when built. For bank
financing, the loan amount can be up to
100% of the value of the property,
however, credit and income become
factors for obtaining bank financing
when they are not considered in hard
money financing, where only the value of
the property is considered. If you have
strong credit we can get you approved
for a bank construction loan. If you
prefer a fast closing or you don't have
good credit then a hard money loan is
the way to go.
The
construction portion of the loan will be
provided on a fund-controlled schedule
so as more work is done, more
funding is provided. When you need an
acquisition or construction loan
quickly, hard money may enable you to
buy the property quick without regard to
credit or income.
We can also
provide financing for rehabbing existing
properties based on future value of the
property.
Contact
us now at
(718) 909-5499
to go over your loan scenarios.
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Nationwide
hard money provided in all 50 states. Loan amounts start at
$100,000 to $ 30 million for residential hard money
loans.
For commercial hard money loans, loan amounts in category one
loans start from $ 100,000 to $ 1 million.
For category 2 commercial hard money loans minimum loan amounts
start at $ 1 mil. to $ 1 billion. For hard money loans
over $ 1 billion exceptions can be made on a case by case basis.
Equity and Debt financing combinations available for loans
over $ 30 million.
Types of
financing include residential hard money loans: Single
family hard money loans, coop hard money loans, condo hard money
loans and 1 to 4 unit hard money loans for conforming and jumbo
hard money loans.
Commercial hard money loans include: Hospitality hard
money loans, Hotel hard money loans, motel hard money loans,
mixed use hard money loans, super jumbo hard money loans,
apartment hard money loans, condo conversion hard money loans,
industrial hard money loans, office building hard money loans,
self storage hard money loans, shopping center hard money loans,
warehouse hard money loans, apartments over retail hard money
loans, assisted living hard money loans, automotive hard money
loans (gas station hard money loans, car wash hard money loans),
bed and breakfast hard money loans, commercial building lot hard
money loans, corporate apartment hard money loans, garden
apartment hard money loans, golf courses hard money loans, high
rise apartments hard money loans, multi family hard money loans,
garden apartment hard money loans, condo conversion hard money
loans, senior housing hard money loans, assisted living hard
money loans, medical building hard money loans, office complex
hard money loans, apartment complex hard money loans, shopping
center hard money loans, parking lot hard money loans, strip
mall hard money loans, retail hard money loans, loft hard
money financing, construction hard money loans,
acquisition and development hard money loans and bridge hard
money loans.
Foreclosure bail out program for properties with 30, 60,
90 or 120+day late payments. If you have received a notice of
default (NOD) call us for a hard money loan right away. If you
have received a notice of sale (NOS) fax your NOS to us at
(516)706-4454 and call us immediately so we can try to set your
sale date back and allow for refinancing. Bad credit hard money
loans provided without regard to credit score. Foreclosure
bailout programs for residential and commercial properties.
Bankruptcy financing and refinancing available with many
programs.
Types of financing include: Purchase and refinance hard
money loans, acquisition and development hard money loans,
blanket hard money loans (blanket hard money loans cross
collateralized more than one property with the same hard money
loan), bridge hard money financing, construction hard money
loans, acquisition and construction hard money loans,
construction completion hard money loans, construction take out
hard money loans, hard money loans for corporations, trust hard
money loans, LLC hard money loans and other legal entity hard
money loans, foreclosure avoidance hard money loans, foreign
nationals hard money loans, joint venture hard money loans,
mezzanine hard money loans, no recourse hard money loans, deed
of trust hard money loans, 2nd trust deed hard money loans,
private money financing for most properties, purchase hard money
loans, refinance hard money loans, cash out hard money loans,
remodel hard money loans, rehab hard money loans, contractor
hard money loans, renovation hard money loans, improvement hard
money loans, second mortgage hard money loans, 3rd mortgage hard
money loans and third trust deed hard money loans. |