Some recent loans in detail

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 property. Gala Resources lent investor 75% of purchase price. Real estate investor provided all funds for renovation. Property was finished and ready for sale within 90 days for projected completed value.

Brooklyn
Investor purchased a property to build a Multi Family Building. It was appraised for $5MM of which we loaned him $2.5MM

Queens
IClient needed cash within a week to close on a purchase. He took out a loan with us for $2.6 Million

 

Massachusetts