Interest rates starting at 9%
Up to 65% LTV
Loan amounts ranging from $250K to $5MM+ or more
1-3 year loan terms/interest only
(*rates/pts are subject to change and dependent on real estate market conditions)
The New York Commercial Real Estate Market
New York, the Empire State, is home to some of the most recognizable commercial real estate in the world - the Empire State Building, St. Patrick’s Cathedral, the Chrysler Building, Grand Central Station, One World Trade Center, Trump Towers, and the MetLife Building, just to name a few. Many would argue that the New York skyline is second to none.
With a high population density and limited real estate space, New York City boast some of the most expensive rent per square foot in America. Because of this fact, the “Big Apple” is also home to many real estate investors, entrepreneurs, and business owners who all share the need for quick access to commercial financing and commercial real estate loans.
New York City is composed of five boroughs: Brooklyn, Queens, Staten Island, the Bronx, and Manhattan. Because New York City’s real estate market is one of the most stable in the world, and the majority of Manhattan zip codes are considered prestigious, it is one of the most sought-after locations for foreign and domestic real estate buyers looking to purchase an investment property.
Demand in New York City for real estate is ever growing and real estate listings do not often stay on the market long. When opportunity knocks, a real estate investors looking to own a commercial property has to be able to close in a ‘New York Minute’. Finding a reliable financial solution is crucial when it comes to securing an investment property.
Riverdale Funding ensures fast closings and flexible terms to all its New York borrowers. We know real estate, we know New York and we know how important it is to be fast and reliable. As a direct private lender, we have control over our funds and we are ready and able to lend today.
Call us now and discover how Riverdale Funding can quickly provide financing on investment properties in New York when other lenders cannot. Learn more.