New York Commercial Hard Money Bridge Loans
Hill Creek Commercial Capital provides New York Real-estate Investors with short bridge loans nationwide and can close in 2 weeks. Financing commercial and some residential properties from loan amounts up to $50 Million
Purchases / Refinance / Construction / Heavy Rehab
-Fast Closing
-Lite Documentation
-Close in less than 2 weeks
-Up to $50 Million
GEOGRAPHY
MINIMUM Credit Score
PROPERTY TYPES
Looking for quick, reliable financing for your New York commercial real estate project? Our Commercial Hard Money Lending solutions are designed to meet the needs of real estate investors, developers, and business owners across the state. Whether you’re investing in a new development, purchasing an existing commercial property, or need bridge financing, our hard money loans offer the flexibility and speed you need to close deals fast.
Quick Approval & Funding: Get approved within 24 hours and receive funding in as little as 7 days. Our streamlined process ensures you can take advantage of investment opportunities without the usual delays associated with traditional lenders.
Flexible Loan Terms: We offer customizable loan terms to fit your project’s specific needs. With options ranging from short-term bridge loans to longer-term financing, you can choose the terms that work best for your investment.
No Appraisal Required: Skip the time-consuming appraisal process. We focus on the value of the property and your investment potential, allowing for faster approvals and fewer obstacles.
Competitive Interest Rates: Benefit from competitive interest rates starting as low as 8.99%. Our rates are designed to keep your costs manageable while providing the capital you need.
Direct Lending with No Middlemen: Work directly with us for a faster, more transparent lending experience. As a direct lender, we eliminate the need for brokers, saving you time and money.
Bridge Loans: Perfect for transitioning between properties, our bridge loans provide temporary financing to cover the gap between buying a new property and selling an existing one.
Development & Construction Loans: Ideal for ground-up construction projects, we offer loans that cover land acquisition, development costs, and construction expenses.
Commercial Property Loans: Whether you’re investing in office buildings, retail spaces, warehouses, or multifamily properties, our commercial loans offer the capital you need to make it happen.
Refinancing: Need to refinance an existing commercial property? We offer refinancing options that allow you to access equity, lower your interest rates, or extend your loan terms.
Our New York Commercial Hard Money Lending services cater to a wide range of real estate professionals, including:
Real Estate Investors: Unlock the potential of your investments with fast, flexible financing designed for quick turnarounds.
Developers: Secure funding for land acquisition, construction, and development projects without the delays of traditional lending.
Business Owners: Invest in new commercial properties or expand your current holdings with loans tailored to your business needs.
Property Flippers: Maximize your profits with loans that cover the purchase, renovation, and resale of commercial properties.
New York City remains one of the most dynamic and lucrative markets for commercial real estate investment. Here’s why:
1. Strong Rental Yields
New York’s commercial real estate offers higher rental yields compared to residential properties. Businesses rely on prime commercial spaces to operate, making lease defaults less likely, and ensuring steady rental income. Additionally, as a financial hub, NYC consistently attracts tenants willing to pay premium rents.
2. Appreciation Over Time
Unlike assets like vehicles that depreciate over time, commercial properties in NYC are known for appreciating in value. With the city’s growth and the success of businesses operating within its borders, property values tend to increase, providing long-term returns for investors.
3. Inflation-Resistant Investments
Investing in commercial real estate in New York provides protection against inflation. As inflation rises, commercial rents often increase in response, allowing landlords to maintain profitability while controlling operating costs. This makes commercial real estate a strong hedge against inflation.
4. Technological Advancements and Smart Buildings
New York City’s commercial real estate market is seeing increased demand for smart buildings equipped with advanced technology for energy efficiency, security, and connectivity. Investors focusing on such technologically advanced properties can attract high-end tenants and stay competitive in the evolving market.
5. Green and Sustainable Development
Sustainability is becoming a priority in NYC’s real estate market, with developers and investors adopting eco-friendly practices. Green building certifications and energy-efficient upgrades not only reduce operational costs but also appeal to tenants who prioritize environmental responsibility.
6. Diverse Commercial Property Types
From skyscrapers in Manhattan to creative office spaces in Brooklyn, NYC’s commercial real estate market offers a wide array of property types. Whether investors are interested in retail spaces, office buildings, industrial properties, or mixed-use developments, NYC provides numerous opportunities to diversify portfolios.
7. Market Resilience and Economic Growth
NYC has proven resilient despite market fluctuations. With the economy valued at over $1 trillion and continued business growth in sectors like technology, finance, and healthcare, the city remains a prime location for long-term commercial real estate investment. The strong demand for office and retail spaces further supports this.
8. Opportunities in Emerging Sectors
The growth of the tech industry and the rise of hybrid work models have created opportunities in flexible office spaces and innovation hubs. Additionally, the increased demand for industrial properties, such as warehouses and logistics centers, driven by e-commerce, further diversifies investment possibilities.
New York City’s commercial real estate market offers strong returns, inflation protection, and long-term appreciation, with opportunities across various sectors. The city’s resilience, combined with sustainable development and tech advancements, makes it a prime location for savvy investors looking for growth and profitability.
Frequently Asked Questions About New York Commercial Hard Money Lending
1. What is a commercial hard money loan?
A commercial hard money loan is a short-term financing solution secured by real estate. Unlike traditional loans, hard money lenders focus more on the property’s value than the borrower’s creditworthiness, making it an ideal solution for investors needing fast, flexible funding for commercial projects.
2. How do hard money loans differ from traditional loans
Traditional loans often have strict requirements such as high credit scores, lengthy approval processes, and extensive paperwork. On the other hand, hard money loans offer quicker approvals and focus primarily on the property’s value and project potential rather than the borrower’s financial history.
3. What commercial properties can be financed with a hard money loan?
We finance a wide variety of commercial properties in New York, including:
4. What is the typical interest rate for a commercial hard money loan?
Interest rates for hard money loans are typically higher than traditional loans due to the shorter terms and increased flexibility. Rates can range from 10% to 13%, depending on the risk and scope of your project.
5. What are the loan terms for commercial hard money loans?
Loan terms typically range from 6 months to 36 months. However, we offer flexible options based on your project’s timeline and specific needs.
6. How long does it take to get approved?
Our streamlined approval process allows us to approve loans in as little as 48 hours, with funding typically available within a week. This ensures you get the capital you need when you need it.
7. What kind of down payment is required for a commercial hard money loan?
The down payment requirement varies depending on the property and the loan-to-value (LTV) ratio. Generally, borrowers should expect to provide 20-30% of the property’s value as a down payment.
8. Can I get a loan with bad credit?
Yes! Unlike traditional lenders, we prioritize the value and profitability of the property over the borrower’s credit score. As long as your project is viable and the property has sufficient equity, we can likely offer you financing.
9. What fees are associated with hard money loans?
Fees typically include origination fees (1-3%), appraisal fees, closing costs, and other loan processing fees. These will be outlined transparently at the beginning of the loan process.
10. What is a bridge loan, and how does it differ from a hard money loan?
A bridge loan is a type of hard money loan used to “bridge the gap” between a short-term financing need and more permanent financing. Hard money loans can serve a variety of purposes, including bridge financing, but not all hard money loans are bridge loans.
11. What is the loan-to-value (LTV) ratio?
The loan-to-value ratio represents the loan amount as a percentage of the property’s appraised value. Most commercial hard money lenders offer loans with LTV ratios between 65% and 80%, meaning you can borrow up to 80% of the property’s value.
12. Can I refinance an existing loan with a commercial hard money loan?
Yes, you can use a hard money loan to refinance existing commercial real estate loans, especially if you’re seeking a quicker, more flexible option or need additional capital for renovations or expansions.
13. What documentation is required for a commercial hard money loan?
While our documentation requirements are less stringent than traditional lenders, we typically ask for:
– Property details (address, type, value, etc.)
– Proof of ownership or purchase agreement
– Details of the project or intended use of funds
– Basic financial information (to assess loan repayment capacity)
14. What happens if I can’t repay the loan on time?
If you cannot repay the loan by the due date, you may be able to extend the term, though this may come with additional fees or adjusted interest rates. If the loan defaults, the lender may take ownership of the property used as collateral.
15. How do I get started with a commercial hard money loan?
Getting started is easy! Simply contact our team through the form on this page or call us at 713-331-9463. We’ll review your project and provide a tailored solution for your needs.
Hill Creek Commercial Capital
17350 State Highway 249 Ste 220 #2693, Houston, Texas 77064 Us
713-331-9463
info@hillcreekcommercialcapital.com