Tower Fund Capital

Tower Fund Capital is a New York-based direct private lender that provides asset-based bridge financing for residential and commercial real estate nationwide. The company focuses on purchase, refinance, cash-out, and equity takeout loans using an asset-first underwriting approach with in-house origination, underwriting, and servicing.

A Unique Direct Lender for Real Estate Bridge Loans

Tower Fund Capital offers a true hard money no-doc loan program, that does not depend on credit score or financial qualification of the borrower or the property. The only qualifier is the true value of the asset that is being offered as a collateral.

24 Hour Approval and 10 Day Closing
NO Minimum Credit Score Requirement
NO Tax Returns Required
No Income Verification Required
Foreclosure Bailouts
Bankruptcy Situations
Foreign Nationals

Please note: We do NOT offer rehab funds, construction, or owner-occupied home loans

Common Loan Scenarios

Fast Bridge Loans up to 65% LTV
35% Cash Required for Purchases
Can Use Other Properties as Collateral
Foreclosure or Bankruptcy Bailouts
Low Credit Scores Accepted
Urban Land Loans up to 45% LTV

Scenarios Not Considered

100% Financing, or more than 65%
Rehab Funds Provided
Ground-Up Construction Loans
Owner-Occupied Homes

Details and Requirements

Property Geographic Area Details

New York Metro Area, New Jersey, Philadelphia Metro, Connecticut, Florida

Loan Amounts

$200,000 to $50,000,000

Interest Rates

7.5% to 12%

Origination Fees

1% to 3%

Loan Terms

12 to 24 months

Lien Position

1st

Credit Check Required

yes

Credit Check Details

We check credit but don't have a minimum score requirement. We are fine with low credit scores.

Prepayment Penalty

yes

Prepayment Penalty Details

6 months of interest payments

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only

Personal Guaranty (Recourse) Required

Always

Borrower Entity Types Considered

LLC
Limited Partnership
Corporation

Documentation Required

Credit Report
Loan Application

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

yes

Foreign National is Ok as long as the Entity is US Based

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

Will Consider Equity Joint Venture

Collateral Types

Residential Property
Commercial Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Invest in a Business
Business Working Capital
Value Add Project
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%

Additional Details

If an appraisal has already been done recently, we will require the appraiser to transfer/assign it to us.

Last updated: September 30, 2026

Tower Fund Capital’s Lending Activity

Data Provided By Elementix

12mo Loan Volume

$59,351,184

12mo Loan Count

Total Loan Volume

$253,441,262

Average Loan Size

$1,038,694

Loan Count by State (Past 12 Months)

NY: 26, NJ: 9, FL: 1, CT: 1, PA: 1

Data provided by

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Company Quick Facts

Year Established: 2012 (Tower Fund Capital); founded by principals with real estate and mortgage industry experience dating back to 1985
Headquarters: New York, NY
Company Type: Direct private lender
Capital Model: Own balance sheet private lending platform
Primary Loan Types: Bridge loans, purchase loans, refinance loans, cash-out refinance loans, equity takeout loans
Property Types: Single-family, multifamily, mixed-use, commercial, and investment real estate
Lending Strategy: Asset-based lending with emphasis on collateral value rather than borrower financial qualifications
Geographic Focus: Nationwide lending across the United States
Loan Features: No-doc asset-based loan programs available on select products
Process: Originates, underwrites, funds, and services loans internally
Typical Closing Timeline: Closings in as little as 10 days on qualifying transactions
Approval Timeline: Approvals available in as little as 24 hours for qualifying loans
Founder: Ed Gitlin
Published Funding Activity: Website highlights more than $140 million in funded loans backed by over $252 million in secured assets across featured transactions

Office Locations

33 East 33rd Street Suite 1000 , New York, New York 10016

Connect with Tower Fund Capital:

Our Team

Ed Gitlin

Principal

Gabe Gerbi, Esq.

Of Counsil, Closings

Thomas Wolinetz

IC, Corporate SEC Compliance

Gene Ayzenberg

Director of Asset Lending

Lera Khozhieva

Transaction Management

Private Lending Insights

Interviews

How Private Lenders Mitigate New York Foreclosure Risk

How do private lending companies (aka hard money lenders) mitigate the risk of New York’s long foreclosure process? Rocky Butani...

By Tower Fund Capital

May 15, 2024 (updated on February 24, 2025)

Interviews

New York City Hard Money Insights by Tower Fund Capital

Learn about asset-based hard money lending in New York City – foreclosure bailout loans, typical loan-to-value, and real estate investing...

By Tower Fund Capital

May 14, 2024 (updated on February 25, 2025)

Our minimum loan amount is $200,000

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