Exceptional Financial Products & Services
At GenWealth, we work tirelessly to assist our clients with securing financial aid for their real estate investments. As a New York private money lender, we have years of experience working with people locally and across the U.S. We help developers and investors secure financing for their investment properties, construction and commercial loans, flip and fix programs, and so much more.
What is a Hard Money Loan?
Hard money loans differ from traditional loans as they are based on the value of the property, which is used as collateral for the loan. If approved, a loan can be taken for up to 75-80% of the value of the property. Hard money loans are great for those who need money fast, or even those who just don’t want to deal with the hassle of a traditional loan that typically requires a lot of paperwork.
How do I get a Hard Money Loan?
Hard money loans are usually issued by private investors, companies, or hard money lenders. While the interest rate tends to be higher than that of a traditional loan, you will typically see funds within 15-45 days. In the highly competitive real estate market, timing is everything, which is why hard money loans can be a significant tool in the success of your real estate investment.
Helpful Financial Resources from GenWealth
At GenWealth CapCo, we are proud to provide New York hard money loans and lending to our clients. Our high-qualified staff has formal credit training along with business and commercial lending backgrounds. Whether you are interested in constructing, purchasing, or refinancing a commercial building, we can help you find the best loan for your situation.
If you are interested in learning more about New York hard money loans and lending, contact us today!