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CW Funding provides quick and reliable real estate financing for investors. Our expertise and market insight benefit our clients by giving them the speed and flexibility they need to close their transactions efficiently and on time. We lend on single family, multi-family, mixed use and commercial properties in the New York and New Jersey metro areas.
Property Geographic Area Details
New York, New Jersey, Connecticut, Florida, Georgia
Loan Amounts
$250,000 to $10,000,000
Interest Rates
9% to 14%
Max Loan-To-Value
75.00%
Max Loan-To-Cost
90.00%
Origination Fees
1% to 4%
Loan Terms
12 months to 24 months
Lien Position
- 1st
- 2nd
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Value Add Project
- Development Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Adult Day Care
- Assisted Living Facility
- Commercial Condominium
- Commercial Land
- Condominium
- Cooperative
- Healthcare
- Hotel
- Industrial
- Mixed-Use
- Motel
- Multifamily
- Office
- Parking Lot
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- Rehabilitation Facility
- Residential Land
- Retail
- Senior Housing
- Single Family Residence
- Student Housing
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
- Commercial Property Value Add
- Residential Fix and Flip
- Residential Rehab and Rent
- Commercial Ground-Up Construction
- Residential Ground-Up Construction
- Mezzanine
- Preferred Equity
Specialty Loan Types
- Note Purchase
- Discounted Note Payoff
- Line of Credit Portfolio of Properties
- Earnest Money Deposit
Junior Liens
Junior Lien Loan Amounts
$100,000 to $500,000
Junior Lien Interest Rates
16% to 20%
Junior Lien Loan-to-Value
75.00%
Junior Lien Loan-to-Cost
75.00%
Junior Lien Origination Fees
4.00% to 6.00%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Refinance
- Equity Cash Out
- Mezzanine
- Preferred Equity
Land Loan
Land Types Considered
- Residential Land
- Multifamily Land
- Office Land
- Retail Land
Will Consider Land That is NOT Entitled
yesExisting Land Improvements Required
- Street Access
Max LTV for Land
50.00%Max LTC for Land Acquisition
50.00%Purchase Loan
Max Loan-To-Purchase Price
90.00%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
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100.00%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
3Construction Loan
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
75.00%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesDetails and Requirements
Typical Closing Time (Days)
7Fastest Closing Time (Days)
1Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Interest Reserve
Pre Payment Penalty
no
Will lend to a foreign national
no
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
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
600Appraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
AlwaysBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Legal Fee
$1000-$3500
Appraisal Fee
$400-$800
Fees which are mandatory for all new borrower clients
- Legal Fee
- Appraisal Fee
Fees which are charged upfront prior to loan closing
- Appraisal Fee
Fees which are paid to a third party company
- Legal Fee
- Settlement Fee
- Escrow Fee
CW Funding provides quick and reliable real estate financing for investors. Our expertise and market insight benefit our clients by giving them the speed and flexibility they need to close their transactions efficiently and on time. We lend on single family, multi-family, mixed use and commercial properties in the New York and New Jersey metro areas.
Year Established
2014
Office Locations
389 Willoughby Avenue, Suite 204, Brooklyn, New York 11205Primary Capital Source
- Own Funds
- Debt Fund We Manage
- Individual Investors
- Single Capital Partner
- Crowdfunding
- Private Equity Funds
- Hedge Funds
- Friends & Family
Loan Structure for Majority of Loans
- Own Balance Sheet
- Multiple Investor Fractionalized Note
Alternative Loan Structures
- Multiple Investor Fractionalized Note
- Table Funding with Capital Partner
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
10%
Percentage of Loans Secured by Residential Property
90%
Percentage of Residential Property Loans Which are Fix and Flip
90%
Percentage of Residential Property Loans Which are Buy and Hold
10%