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Updated over 10 years ago on . Most recent reply

Hard Money
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

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.