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Since 1990, making direct Hard Money loans to
experienced real estate investors, builders and dealers.
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We are hard money
lenders.
Gala Resources LLC lends to real estate investors,
builders and dealers who need non-conventional loans and fast funding to
complete their projects. In a typical year we make more than $100 million in
hard money loans to hundreds of investors.
For 20 years our short-term financing solutions
have helped turn plans into reality. Our hard money
loans can keep you from losing an opportunity, or not being able to complete a project, or having to
dilute your equity.
We are not brokers who look for funding for
your project. We are
direct lenders
who have funding for projects.
And we are lending!
Our current priority is working with experienced
investors who buy one to four-family homes using
REOs and Short Sales.
Our lending policies include
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loan amounts
from $100,000 to $8 million
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no
application fees
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no prepayment
penalties
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no
owner-occupied properties
We make hard
money loans in these areas
Learn
more ....
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See a larger panoramic view
of the Manhattan skyline at dawn. |
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Recent closed transactions
New Jersey
Investor purchased
a two-family home in short sale
from a bank. Property value is $250,000.
Purchase price was $118,000. Renovation
cost of $20,000 needed to complete project. Gala Resources lent investor 75% of
purchase and renovation cost. Property to be finished and ready for sale within
90 days for projected completed value.
Brooklyn
Investor purchased
a two-family REO from a financial institution for $215,000. Property value
on completion was projected to be $350,000. Gala Resources lent investor 90% of the
purchase price. Investor provided all funds for renovation. Property was
completed within four months and sold. Gala Resources was paid off in full. No prepayment
penalty.
Queens
Investor purchased a two-family home in short sale
from financial institution for $265,000. Home required $25,000 for renovation.
Gala Resources lent borrower 90% of the purchase price and renovation costs. Property was
completed and sold within five months. Gala Resources was paid off in full. No prepayment
penalty.
more closed transactions ... |
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GALA RESOURCES LLC 1212 Avenue
of the Americas 6th Floor New York, NY
10036
DIRECT HARD MONEY LOANS SINCE 1990 |
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