Manhattan Hard Money Lenders for Real Estate Investors
Here is a list of hard money lenders for residential and commercial real estate throughout Manhattan, NYC - Midtown, Harlem, SoHo, Tribeca, Upper West Side, Chelsea, Lower East Side, Greenwich Village and other neighborhoods. Hard money loans are a great short-term solution for Manhattan property investors who either don’t qualify for a traditional mortgage or just need to close a deal fast. Most hard money loans are 12 months, but some lenders offer a longer term.
Gravity Capital lent $1,150,000 at a 50% LTV in first position on a commercial condo located in this beautiful part of Manhattan. The borrower was a local investor and sought funds for other projects. The Loan was closed with in 2 weeks of first contact but we can easily lend faster if the borrower is prepared with necessary documents. No appraisal was required but we conducted a property inspection allowing us to fund the loan quickly.