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Premier Hard Money Lender for New York City
Brooklyn Bridge Capital, a thriving real estate investment and equity firm,
- Acquisitions & Refinancing
- Foreclosure Bailouts
- Bank Workouts and Turnarounds
- Ground-Up Construction
Property Geographic Area Details
New York City - Manhattan, Brooklyn, Queen, Bronx, Long Island
Loan Amounts
$100,000 to $5,000,000
Interest Rates
7% to 12%
Max Loan-To-Value
70.00%
Max Loan-To-Cost
80.00%
Origination Fees
1% to 3%
Loan Terms
6 months to 36 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
- Commercial Property Ground Lease
Property Types
- 2-4 Units Residential
- Adult Day Care
- Assisted Living Facility
- Child Day Care
- Commercial Condominium
- Commercial Land
- Condominium
- Healthcare
- Hospital
- Hotel
- Industrial
- Mixed-Use
- Multifamily
- Office
- Residential Land
- Retail
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
- Commercial Property Value Add
- Residential Fix and Flip
- Residential Rehab and Rent
- Commercial Long-Term
Specialty Loan Types
- Condo Conversion
- Residential Long-Term Rental
- Note Purchase
- Partner Buyout
- Discounted Note Payoff
- Bankruptcy Resolution
- Foreclosure Bailout
- Line of Credit Single Property
- Line of Credit Portfolio of Properties
- Residential Non-Prime
Land Loan
Land Types Considered
- Residential Land
- Multifamily Land
- Industrial Land
- Office Land
- Retail Land
- Hospitality Land
Will Consider Land That is NOT Entitled
noExisting Land Improvements Required
- Street Access
- Electricity
- Gas
- Water
- Communication
Max LTV for Land
60.00%Max LTC for Land Acquisition
50.00%Purchase Loan
Max Loan-To-Purchase Price
80.00%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Equity in Primary Residence
- Seller Financing
- Gap Lender
- Crowdfunding
- Family
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100.00%Typical Number of Days for Funds Draw
0Maximum After Repair Value
70.00%Details and Requirements
Typical Closing Time (Days)
10Fastest Closing Time (Days)
3Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
yes
6 monthsWill lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
Documentation Required
- Credit Report
Personal Guaranty (Recourse) Required
SometimesCredit Check Required
yesMinimum Credit Score Required
400Credit Check Description
No minimum score, but we have to run a credit report to see the borrower's history.Appraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
SometimesBroker Price Opinion (BPO) Accepted for Residential Property
NeverBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Deposit Required
$2,500.00 to $2,500.00
Legal Fee
Fees which are mandatory for all new borrower clients
- Deposit
- Due Diligence Fee
Fees which are charged upfront prior to loan closing
- Due Diligence Fee
Brooklyn Bridge Capital, LLC is based in Brooklyn NY. We specialize in non-performing notes and the purchase of defaulted loans for the New York metro area. We are a leading local source of hard money and short term loans in the residential and Commercial NY real estate market. Our solid reputation has been crafted on a strong edifice of integrity and credibility.
At Brooklyn Bridge Capital, we possess years of real estate industry experience, offering flexible financing and investing solutions. Founded by Shaya Krausz in 2014, our solid reputation has been crafted on a strong edifice of integrity and credibility. Servicing prominent lending institutions, we specialize in non-performing notes and the purchase of defaulted loans for the New York metro area.
For commercial property owners, our loan origination and hard money loan services offer properties at risk for foreclosure a viable recovery opportunity. Our strong established relationships with nationally recognized lending institutions enhance our clients’ ability to secure optimal funding settlements.
We offer personalized service and localized knowledge, simplifying the process and customizing solutions. Managing time-sensitive transactions quickly and seamlessly, Brooklyn Bridge Capital’s expertise and focused services offers a stalwart platform for success.
Company Size (Number of Employees)
3
Year Established
2007
Office Locations
Brooklyn, New YorkPrimary Capital Source
- Own Funds
- Individual Investors
- Private Equity Funds
- Hedge Funds
- Friends & Family
Loan Structure for Majority of Loans
- One Investor One Loan
- LLC Syndicated Investors
- Table Funding with Bank
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
100%
Percentage of Loans Secured by Residential Property
25%
Percentage of Residential Property Loans Which are Fix and Flip
15%
Percentage of Residential Property Loans Which are Buy and Hold
20%
Percentage of Loans Secured by Land
15%
Percentage of Commercial Property Loans Which are Ground-Up Construction
10%
Total Number of Loans Funded to Date
150
Total Loan Volume Funded to Date
$18,500,000
2017 Number of Loans Funded
18
2017 Loan Volume Funded
$249,999
2018 Number of Loans Funded
20
2018 Loan Volume Funded
$360,000
2019 Number of Loans Funded
16
2019 Loan Volume Funded
$660,000
Our Minimum Loan Amount Is
$100,000
What We Do
- Investment Properties in NYC
- In-House Valuation for NYC Properties
- Commercial & Residential Real Estate
- LTV up to 70%
Not Available
- NO 100% Financing
- NO Owner-Occupied Homes
- NO Ground-Up Construction
Loan Request
Our Minimum Loan Amount Is
$100,000
What We Do
- Investment Properties in NYC
- In-House Valuation for NYC Properties
- Commercial & Residential Real Estate
- LTV up to 70%
Not Available
- NO 100% Financing
- NO Owner-Occupied Homes
- NO Ground-Up Construction