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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

yes

Existing 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

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

75.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

1

Works 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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Credit Report

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

600

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

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 11205

Primary 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%

Howard Wieder

Owner

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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