HGRN Capital (+1-917-939-1939) has expanded its New York City private loans program for real estate investors buying foreclosure properties. The service includes a 48-hour approval time and a 10-day closing window.
—
With the new expansion, HGRN Capital’s hard money lending service applies to investors buying properties in foreclosure, mixed-use properties, multi-family homes, commercial buildings, office and retail spaces, and condos. Borrowers are required to need the loan for investment use only to purchase a property that will be a non-primary residence.
More information can be found at: https://www.hgrncapital.com
Following the latest move, HGRN Capital intends to help more local investors to overcome the primary challenges associated with real estate investment in the Bronx and Brooklyn. Market volatility can make large-scale financial commitments difficult with sudden changes in loan quotes. HGRN Capital uses its own funds and doesn’t require applicants to meet the qualification guidelines of traditional lenders.
Borrowers do not need a credit report or income verification to proceed with their application. This creates a faster loan procedure that allows investors greater flexibility in their business operations.
This real estate direct lending service provides investors with the financial support they need to invest in more properties faster. With foreclosed properties offering significant savings for investors in New York, buyers require agility to close quickly when the right opportunity presents itself.
Loans are available from $300,000 to $3 million, depending on the scale of the investment, with an average closing time of 15 days from the initial application to completing the purchase of a property.
HGRN Capital enables buyers to purchase their intended foreclosure property without the time-consuming process typically associated with home loans. In addition, the efficient loan qualification process and reduced administrative requirements allow investors to rehabilitate their property sooner, increasing their property value and gaining equity.
A spokesperson for the program states: “We are a New York City private lender that only uses its own funds. Our focus is to assist borrowers who cannot secure financing through other sources. We believe that if we have good collateral, we can afford to allow our borrowers the time and freedom to freely operate their business and put their finances back on track.”
Interested parties can learn more at: https://www.hgrncapital.com
Contact Info:
Name: Luis Omar Figueroa
Email: Send Email
Organization: HGRN Capital
Address: 55 Northern Boulevard, Suite 400, Great Neck, NY 11021, United States
Phone: +1-917-939-1939
Website: https://www.hgrncapital.com/
Source: PressCable
Release ID: 89086072
If you detect any issues, problems, or errors in this press release content, kindly contact error@releasecontact.com to notify us. We will respond and rectify the situation in the next 8 hours.
