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Updated over 9 years ago on . Most recent reply

User Stats

84
Posts
20
Votes
Tyrone Watler
  • Investor
  • Yonkers, NY
20
Votes |
84
Posts

Hard money in NY

Tyrone Watler
  • Investor
  • Yonkers, NY
Posted

Hello BP community, so I finally going to take the plunge and put a offer in on a 3 family REO property here in Yonkers NY. Was wondering if anyone knows of a reputable hard money lender that operates in NY?

Most Popular Reply

User Stats

109
Posts
11
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Max Matrin
  • Montgomery, AL
11
Votes |
109
Posts
Max Matrin
  • Montgomery, AL
Replied

A hard money loan only takes its cues from the value of hard assets like real estate. As folks in New York City are well aware, real estate is the most commanding asset in a rapidly shrinking and high-inflation market – consequently, hard money loans represent ideal opportunities for investors hoping for non-traditional financing options.While most hard money lenders in NYC demand burdensome financial information and reserve requirements to make any loans, Riverdale Funding has a simple one-step application process. There are no credit score requirements, no documents, and no income checks required.

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