NEW YORK

Cities and Counties in New York that we lend in: (Long Island, (Nassau and Suffolk), New York (Five Boroughs), Westchester, Rockland)

Below is a summary of the loan programs we offer in New
York:

LOAN PROGRAMS NEW YORK OFFERS

Please submit your loan request or general inquiry at the link below and someone will respond to you right away.

Residential Rehab Loan:


New York Rehab Loan Program (Fix & Flip)

  • Loans amounts for 80% of Total Project Cost
  • Interest rate: 12% to 14% interest only
  • 3-4 points as a loan fee
  • Loan term: 12 months
  • Loan amounts from $75,000 to $2,500,000
  • Fast fundings, from 5 - 7 days
  • Borrower must be an LLC or other business entity
  • *Repairs are held in repair funds escrow for draws as rehab
    is completed

*Monthly, interest only payments required. No principal
payments.

*DEAL EXAMPLE: Purchase price is $80,000 and repairs
are $20,000. Total Project Cost = Purchase + Repairs =
$100,000. (We lend you 80% of the Total Project Cost. In
this example loan amount is $80,000 and borrower brings in
$20,000 at closing).

Residential Bridge Loan – Hard Money Loan:

New York Hard Money Loan Program (for Faster
Funding Deadlines)
*No minimum credit score

  • Residential hard money loan, bridge loan option
  • Fast fundings, from 1 - 7 days
  • Loan amounts for up to 70% of purchase price on
    purchases, or up to 65% loan to value on refinances
  • Loan amounts from $75,000 to $2,500,000
  • Interest rates from 10.5% to 12.5% interest only
  • 4 points as a loan fee
  • Loan terms: 12 months

*Monthly, interest only payments required. No principal
payments.

Commercial Bridge Loans – Purchases and Refinances:

New York Commercial Bridge Loan Program,
Commercial Hard Money Loan
*No minimum credit score

  • Commercial hard money loan, bridge loan
  • Property Types: Office, Industrial, Multi-Family, Self-Storage,
  • Retail, Senior Housing, and Medical
  • Fast fundings, from 5 days to 14 days
  • Purchase loans and Refinance loans
  • Loan amounts for up to 75% of purchase price on
  • purchases, or up to 70% loan to value on refinances
  • Interest rates from 8.5% to 12.5% interest only
  • Loan amounts from $250,000 to $100,000,000
  • 2-4 points as a loan fee
  • Loan terms: 12 months - 72 months
  • No credit check required for approval, past bankruptcy or
    foreclosure ok.

*Monthly, interest only payments required. No principal
payments.

Land Loans & Construction Loans:

Land Loans:

We do not currently offer land loans in New York

Construction Loans:

We do not currently offer constructions loans in New York

Success Story

Located close to the ski resorts yet close to Salt Lake City, UT, the subject property is in
a highly sought-after location. Using a hard money loan from Private Money Utah for the
purchase of this rehab property, an experienced, Utah real estate investor…

CONTINUE READING CASE STUDY

Why is Private Money Utah the Top Choice for Hard Money?

DIRECT LENDER

Lending decisions made in-house means
faster lending decisions

FAST FUNDINGS

Last minute closings? We can fund your loan
in as quickly as 24 hours, to an average of 5
business days.

RELIABILITY

Our borrowers trust us because we do what
we say we will do! When the pressure is on,
we always come through for our borrowers.

CUSTOMER SERVICE

We provide the best customer service in the
industry.

Since 2008, Private Money Utah has been providing hard money loans to real estate investors. Private Money Utah is trusted by its borrowers because we provide a reliable, fast process for funding loans.

Do you have a loan to submit today?
Apply Now