(212) 302-8840

Lending Basics

FEES AND TERMS
  • Application Fee: None
  • Security: First Mortgage Position
  • Loan to Value: Up to 65%
  • Loan to Cost/Renovation: Up to 75%
  • Loan Size: Starting at $100,000
  • Loan Term: 1 year
  • Interest Rates: Starting at 13%
  • Origination Fee: Starting at 3%
  • Prepayment Penalties: None
  • Minimum Loan Term: None
  • Appraisals required for any loans greater than $250,000

FINANCING AVAILABLE FOR

We work with real estate investors to provide short-term funding for:

  • Bank-foreclosed residential properties
  • REOs
  • Short Sales
  • Multi-family buildings
  • Real estate acquisition

As commercial lenders, we do not finance owner-occupied properties.


AREAS SERVED

Each link below shows some of our closed transactions in that area.

BROKERS PROTECTED  learn more ....

Loan Criteria :

Loan Size: From $500,000.00 & Up

Property Types:

All types considered multifamily, condominiums, office, mixed user, retail warehouse, industrial, hospitality

Terms:

6 12 Months

Interest rates:

From 12%

LTV:

Up to 70%

Uses of proceeds :

Acquisitions, restructuring, discounted payoffs, property improvements, construction, Geographic

Location:

Primarily the east coast however all locations considered.

GALA RESOURCES LLC    1212 Avenue of the Americas  10th Floor   New York, NY  10036
DIRECT HARD MONEY LOANS SINCE 1990