Applying for a loan can be tons of pressure, especially for those with less-than-perfect credit rating. If your credit report has negative items that prevent you from getting financing, a hard money loan in New York, NY would be a good fit for you.
Vision Global is a consulting company founded by professionals with a solid background in banking and finance. We assist our clients in obtaining a hard money loan in New York, NY by providing them with sound financial advice. With our extensive knowledge in the industry, we can help bring your business or investment plans to fruition and put you on the path to long-term success.
Hard Money Loan in New York, NY: A Traditional Financing Alternative
Before a lender loan to an individual, they need proof that they will be repaid. That is why lenders check borrowers’ credit rating before a deal could be made.
If you have a good credit score or solid history of borrowing responsibly, the lender is likely to finance you. However, the process tends to be slower and harder for borrowers with less-than-ideal credit history. In fact, these people may not get approved at all, which leaves some opting for a hard money loan in New York, NY.
How Hard Money Loan in New York, NY Works
A hard money loan in New York, NY is a financing option that can be secured using real estate. Unlike traditional loans, a hard money loan in New York, NY is lent not depending on your credit worthiness but the value of your collateral.
Lenders of a hard money loan in New York, NY do not need reassurance that you have the ability to repay. Once the term is up and your hard money loan in New York, NY remains unpaid, the lender will take the collateral and sell it to retrieve their money.
A hard money loan in New York, NY is generally used for short-term financing, given the term usually lasts from one to five years. Additionally, borrowers of a hard money loan in New York, NY would be smart not to stretch its length. That is because a hard money loan in New York, NY generally has higher interest rates than conventional loans. You can learn more about hard money loans here: https://archive.nytimes.com/query.nytimes.com/gst/fullpage-9F0DE5DA1E3FF936A3575BC0A9619C8B63.html
Benefits of a Hard Money Loan in New York, NY
Despite having higher rates than traditional financing, a hard money loan in New York, NY is still a popular choice among some people. Here’s why:
Speed of Getting a Hard Money Loan in New York, NY
Lenders of a hard money loan in New York, NY focus mostly on collateral. Because a property backs your hard money loan in New York, NY, the lender will be covered in case you default, giving them no need to inspect your financial position meticulously.
Without having to review your application thoroughly, the lender of your hard money loan in New York, NY allows the process to move quickly. This comes in handy when you need immediate funding for a business venture or an investment property.
Flexibility in Securing a Hard Money Loan in New York, NY
Agreements that involve a hard money loan in New York, NY can offer more flexibility than conventional financing. A lender’s return on a hard money loan in New York, NY is guaranteed, either way, so they do not use a standardized underwriting process. This arrangement lets them individually assess each deal and become more open to negotiations.
Getting Approved for a Hard Money Loan in New York, NY
You do not need to worry about foreclosures or other negative credit items when you need a hard money loan in NY. If you have a property to use as collateral, you can get approved for a hard money loan in New York, NY.
Secure a Hard Money Loan in New York, NY
Do you need short-term financing? Obtain a hard money loan in New York, NY with help from our advisors. Contact us today.
Vision Global: Trusted Provider of Customized Financial Solutions
Are you an entrepreneur who is in need of financing for a business venture? Would you like to earn a tidy profit by making a sound investment in real estate? No matter what your goal is, Vision Global is here to provide you with the strategic financial direction you need to achieve success.
Our founders possess years of invaluable experience in banking and finance. Under their leadership, we have gained a comprehensive understanding of the industry. As a result, we are capable of helping our clients accomplish their financial goals. We share our knowledge and ideas with business owners so that they can make informed decisions.
Solid Relationships With Key Industry Players
One competitive advantage of Vision Global is our stellar reputation in the industry. We have established and maintained strong relationships with private lenders, insurance companies, credit unions, as well as national and regional banks. Given this, we are in a favorable position to negotiate the best possible loan terms and interest rates on your behalf.
Extensive Amount of Financing Experience
Vision Global has been in business for more than 30 years, and we are aware of the challenges that real estate investors and business owners face in the financing sector. On top of assisting you in the loan process, we can also provide you with expert financial advice that is relative to your objectives.
Exemplary Values We Live By
Every transaction we facilitate revolves around our corporate values. These are:
Integrity
You can expect full transparency and honesty on our end. We work hard to earn the trust of every client, and we ensure that all of our actions are worth emulating.
Collaboration
Consider us as partners in your financial journey. Apart from working closely with you, we will also collaborate with banks, insurance companies, and other entities that will play a role in your loan application.
Customer Centricity
At Vision Global, we only have your best interests in mind. We recognize that the success of our clients is reflective of how effective we are as a financial service provider.
Our Core Financial Solutions
Not a lot of financial service providers can rival the flexibility and in-depth knowledge that Vision Global brings to the table. Our expertise in personalized financial solutions allows us to cater to a wide range of businesses that have different requirements. Here are the main financial services that we offer:
Commercial Mortgage Loans
We are highly familiar with the profitability of commercial real estate, and we want our clients to take advantage of that. Whether you want to develop and expand your property, purchase commercial space, or refinance your existing mortgage, we’ll provide you with a funding solution that meets your needs.
Investment Property Loans
Real estate investments can be a lucrative source of income and have been increasingly popular because of low-interest rates. We’ll make the loan application process as simple as possible for you, and you will not be surprised by hidden fees.
Hard Money Bridge Loans
When it comes to hard money bridge loans, you will be pleased with the flexibility of the terms we propose. Also, our bridge loans have a high loan-to-value ratio, low retainer fees, and a simple application process.
Business Loans
Vision Global primarily serves small and midsize business owners. Whether you need funds to restock your inventory, launch a branding campaign, or cover your overhead expenses, you can count on us for assistance.
Customized Financial Solutions
Whether you are aiming to expand your business portfolio or start a new company, Vision Global is here to help you secure a loan or refinancing. Our interest rates are competitive, and we have the ability to meet your specific requirements.
Real Estate Investments
One of the most dependable paths to financial security and prosperity is investing in real estate. From small business loans to commercial investor loans, we will thoroughly assess the ideal loan options for you. You can also rely on us to work with you and help you make profitable decisions for your future investments. Click here to learn more about our real estate investment services.
Connect With Reputable Financial Experts
Do not allow strict banking guidelines and frozen credit markets to discourage you from securing the capital you need for your business endeavor. With multiple funding options at our disposal, Vision Global can provide you with a financial solution that is perfectly tailored to your situation.
You may reach us anytime from 10:00 AM to 6:00 PM on weekdays. Give us a call at 718-475-9623 so we can start helping you make your financial dreams come to fruition.