New York Hard Money Lenders
Looking for a New York Hard Money Lender – Private Equity Loan? Need to act quickly so as not to miss an opportunity. If your current credit, employment or asset situation won’t allow you to get a conventional New York loan or you can’t wait the typical 40 days to have your loan funded through New York conventional lenders – because you need your loan funded fast – consider a New York private equity or hard money loan.
New York Hard Money Loans
New York Private equity – hard money – loans are asset based loans placed with New York private investors who use their private money to finance or refinance real estate loans. New York Private equity hard money loans are based almost solely on the property value as apposed to conventional lending institutions which have strict underwriting guidelines for borrower credit, loan to value amount and real estate asset value.
Through years in the mortgage lending business hard money lenders have seen all types of borrower situations were conventional lenders will not or can not accommodate the borrowers needs – due to credit issues, time frame issues or income and employment issues.
New York Private Equity Loans
In order to meet the needs of just such New York hard money loan borrowers hard money lenders have developed relationships with a number of private equity lenders that loan their private funds based on the secured asset value of your property alone. Private equity lenders typically do not require proof of income, they will loan based on your stated income and the value of your property or profitability of your project.
New York Bridge Loans
Funding is available for all types of borrowers and credit situations. If you need a New York bridge loan, a New York sub prime loan or a loan from New York high risk lender visit these pages and visit the private equity hard money high risk lenders you’ll find listed.
Contact these hard money lenders they will explain all your New York hard money private equity loan options including: New York commercial, residential and refinance of current mortgages – with their help you will make a fully informed hard money mortgage choice!
State of New York
Italian explorer Giovanni Verrazano, for whom the bridge is named, sailed into New York Bay. in 1524. Henry Hudson, who was English, but was hired by the Dutch, entered the bay and sailed up the river that now is named after him in 1609. Samuel de Champlain explored and claimed northern New York for France. The first settlement was in 1624 at Fort Orange, present day Albany. In 1625 Manhattan was purchased from the Indians by Peter Minuit for 60 Dutch guilders’ worth of beads and other items. He proceeded to found the colony of New Amsterdam, now New York City, which the English took possession of in 1664. The building of the Erie Canal from Albany to Buffalo, which was completed in 1825, accelerated New York’s industrial growth.
New York today is an important seaport with busy airports and major banking and manufacturing centered there, on Long Island, and in the Hudson Valley. The New York Stock Exchange is an internationally respected financial center. In the north, the Saint Lawrence Seaway has resulted in more industrial growth.
Albany is the capital of New York, and other large cities are Buffalo, Rochester, Yonkers, Syracuse and Schenectady. Population in 2005 was 19,254,630. New York leads in publishing, electronics, machinery and instrument production. Cattle, poultry, corn and vegetables, fruit and wine are its major farm products.
Tourists attractions are the Statue of Liberty, Niagara Falls, the United Nations, Fort Ticonderoga, the Baseball Hall of Fame in Cooperstown, to mention only a few. Visitors travel to New York to visit Broadway plays, museums and dine in a myriad of fine restaurants.
Disclaimer: The hard money loan calculators found on this website are offered only to estimate monthly loan payments. No guarantee is offered or implied as to their accuracy. Hard money loans are non conforming, they do not conform to the underwriting guidelines of Fannie Mae or Freddie Mac. Each private equity hard money lender has their own fee structures which may include points at closing and early prepayment penalties. Discuss all of the details of your particular hard money loan including all costs and fees with your selected hard money lender.