Bronx Hard Money -  Local New York Private Mortgage Lender

North Broadway, Yonkers, NY

Restaurateur in need of bridge loan to pay off existing hard money loan and get some much needed working capital just in time for Grand Opening.

$575,000 secured against building, equipment and cross collateralized against 2nd property.

15% Interest Only - 1 year term

Avenue of St John, Bronx, NY

Investor needed acquisition money to purchase this beat up Bronx 9 unit apartment building. Closed in 10 days from time buyer signed contract to buy.

$480,000 secured against building. 100% of acquisition cost given.

18% Interest Only - 6 month term

Utica Avenue, Brooklyn, NY

Private money mortgage assumed by new investors. Buildings are being converted to condos.

$950,000 secured against building. New buyers brought $75,000 to table to secure purchase.

15% Interest Only - 12 month term{Extended by investors}

Southern Blvd, Bronx, NY - Phase 1

Acquisition of vacant lots for 29 unit condo development. After plans were approved a construction loan was arranged to take out initial financing.

$680,000 initially secured against vacant land and cross collateralized with 2nd mortgages against 2 additional properties.

15% Interest Only - 8 month term

Southern Blvd, Bronx, NY - Phase 2

Construction loan used to take out acquisition financing.

$3,900,000 in construction financing

14.5% Interest Only - 18 month term

Clio Street, Jamaica, Queens, NY

Builder ran out of money. Had an existing conventional 1st mortgage. We gave him the money to finish this multi million dollar home.

$425,000 2nd mortgage bail out loan

15% Interest Only - 12 month term

North 9th Street, Philadelphia, PA

Investor needed money to finish rehab project. Couldn't get conventional financing because of condition of house. Needed money fast. Got it fast.

$30,000 1st mortgage secured against property

15% Interest Only - 6 month term