HARD MONEY LOANS
IN NEW YORK
Hard Money Lenders for New York Real Estate Investors
Our Hard Money Loan Programs for New York borrowers are structured to meet your Real Estate Investor needs, regardless of what type of investor loan you’re looking for. As one of the premier hard money lenders for real estate investors in New York, our borrowers can rely on us to quickly finance their real estate deals and help them grow their business.
Stratton Equities is the Leading Nationwide Hard Money Lender and NON-QM lender for New York Real Estate Investors.
We offer the largest library of Hard Money Loan Programs to New York Real Estate Investors for their investment properties.
Depending on your real estate investment loan scenario, our borrowers can rely on us to finance their real estate goals and grow their business as real estate entrepreneurs with our team of loan officers.
Ready to discuss your loan scenario with a member of our team? Apply now and contact us today! Want to find out more, enter your loan scenario into our Mortgage Loan Calculator.
New York's Leading Direct Hard Money Lender
When it comes to investment opportunities, Stratton Equities knows how important it is to expedite the financing needed for your project. At Stratton Equities, we offer hard money loans for most property types. Unlike the grueling process of bank mortgages which can take upwards of forty-five days, Stratton Equities can approve your hard money loan and provide you with funds in an average closing time of just 14-25 days, Stratton Equities is here to quickly assist you every step of the way.
As the leading Nationwide direct private money lender, we are here to provide you with the hard money loans for your investment property - to fund your real estate goals!
What is a New York Hard Money Loan?
Stratton Equities is a Leading New York Direct Private Money and NON-QM Lender for real estate investing, we have an array of private money and NON-QM loan programs including hard money loans that are designed to meet all your real estate investing needs. It doesn't matter what type of real estate entrepreneur you are or what your investment loan scenario entails.
A true Hard Money Loan, is an asset-based loan and is always a bridge loan, which means the financing is based on the Loan to Value (LTV) of the Asset.
A hard money loan is among the most popular loan programs that New York real estate investors utilize for their investments.
Due to the lack of guidelines and underwriting, a true Hard Money Loan is generally capped at 75% LTV or less. For example, let’s say you have a home worth $1M, if you want $500K against it (50% LTV), you’re able to receive the money within 1-2 weeks (from day of application), commonly as a first lean position - because it’s just money. It’s always in the form of a Bridge Loan, which is short term financing in a period of 12-24 months.
Hard Money Loans are for investment properties ONLY and cannot be utilized on owner-occupied properties. This is due to the high cost regulations and predatory lending associated with this type of mortgage loan program – you cannot put such high interest rates and costs on an owner occupied property.
For more information about Hard Money Loans for New York Real Estate Entrepreneurs or to find out more about Commercial Real Estate Loans, Private Money Loans, or NO-DOC loans, please visit our Loan Products page.
Hard Money Loan Summary:
Investment Properties Only: Single-Family, Condos, Townhomes, Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse
Rates Starting at 9.99%
$100K – $5M
Up to 75% LTV
Blanket Loan Options Available
Bridge Loan Only
9-24 Month Terms
Interest Only Payments
Purchase, Refinance, or Cash Out
Foreign Nationals Eligible
No Prepayment Penalty Option Available
Everything you need to know about New York Hard Money Loans: Hard Money Made Easy 101.
Stratton Equities - Asset Based Hard Money Lenders
Given that our hard money loans are based on the value of an investment property rather than the borrower’s credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure, bad credit, or short sale. Even with tarnished credit, a borrower can obtain a hard money loan using the value of the investment property as collateral. This makes a hard money loan a great option for anyone from beginner investors with a limited credit history to experienced investors looking to free up liquidity and scale their business.
Stratton Equities funds hard money loans on single family, multi-family, mixed-use, and commercial - investment properties.
The hard money interest rates on an asset based loan are usually higher than those of conventional mortgages. Interest rates for hard money loans range anywhere from 9.99%-10.49%, and Stratton Equities’ competitive loan programs offer qualified investors some of the best rates in the industry. Hard money lenders typically charge higher interest rates due to the greater risk associated with these loans, and the incredible speed in which they are able to process and fund transactions. Hard money loans are a very strong tool for investors who need to move quickly. These short term (usually 12 months) loans are the perfect opportunity to aid any investor in developing their success.
Want more information on hard money loan programs? Check out the Top 3 Reasons to Use Hard Money.
What are the 3 Steps to Processing a Hard Money Loan?
What is a New York Hard Money Lender?
When working with a New York Private Money Lender, a borrower’s loan qualification is based on the value or potential value of the investment property in the loan scenario.
This allows prospective borrowers who may have trouble qualifying for a traditional mortgage an ideal candidate for a private money or Hard Money Loan.
A traditional New York Mortgage lender that works with conventional loans for residential and commercial properties relies on proof of employment, tax documentation, interest rates, and credit score.
Stratton Equities is a direct private mortgage lender that works with asset-based loans, which are loan programs that are based on the value or potential value of a property in the loan scenario.
Asset-based loans are ideal for nationwide real estate investors who might be self-employed, have poor credit, or other circumstances which make traditional mortgage approval difficult. Approval is based on the Loan-to-Value Ratio (LTV), which compares the loan amount to the value of the property. This makes the approval process quick and easy, making it a great solution for real estate investors in New York who want to close quickly on a property.