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Updated over 11 years ago on . Most recent reply

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104
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Christian Lincoln
  • Contractor
  • new paltz, NY
13
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104
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Hard Money

Christian Lincoln
  • Contractor
  • new paltz, NY
Posted

Anybody used a H.M. lender in the New York, Tri-State or Hudson Valley Area they liked?

I'm looking a 1 month turn-around on reno.

Thanks,

Christian

Most Popular Reply

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141
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Randi Plevy
  • Investor
  • New York City, NY
65
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141
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Randi Plevy
  • Investor
  • New York City, NY
Replied

Hi Christian.  I'm the attorney for a hard money lender based in New York City.  However, we only do loans in the five boros.  I'm assuming based on your location that you are upstate.  

I don't know how they operate there, but I know my company has a three month prepayment penalty, meaning the lender wants to get at least three months in interest payments, otherwise, it's not worth the work.  

Good luck with your project.  

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