Hard Money Lender in Queens, Brooklyn, Bronx, SI, Manhattan
Manhattan Bridge Capital
specializes in hard money loans to professional real estate investors, focusing on three types of properties:
- Loans to finance purchases and repairs for the purpose of quick sales (also knows as fix and flip)
- Loans for new construction of one to three family homes
- Bridge loans to purchase small income producing properties
Loans typically range from $50,000 to $1,100,000, and mature in less than one year.
Borrowers are required to pay interest only on a monthly basis and the principal at maturity.
We insist on a first mortgage position and personal guarantees from the principals of the borrower.
In addition, we request, as added collateral, the equity position of the borrower’s principals in the borrower.
We will lend up to 65% of the appraised value of asset collateral. We have never had a loan default.