NYC private commercial lender HGRN Capital (917-939-1939) continues to expand its product portfolio, now offering rent & hold loans - also known as rental loans - to real estate investors.
With private real estate investors banking on real estate as a relatively safe and favorable investment during periods of inflation, HGRN Capital has launched buy & hold or rent & hold products to strengthen an investor’s medium-term and long-term cash flow.
As a leading hard money commercial lender serving investors in New York’s five boroughs, HGRN Capital offers a 48-hour commitment and an industry-best 10-day turnaround on closing.
Unlike fix and flip financing, rent & hold financing from HGRN Capital is not restricted or constrained by the rigid and often prohibitive guidelines laid down by traditional lending institutions. The national direct commercial lender has minimal borrower requirements for lending.
With principal amounts on rent & hold cash loans ranging from $2-10 million, real estate investors can now access quick, secure funding to buy, fix, and rent properties without borrower income verification, asset limitations, or fund verification.
HGRN Capital also offers updated fix and flip loans, refinance cash-outs, bridge loans, foreclosure financing, and default bailouts on 1-4 family homes, condos, office and retail spaces, and other commercial properties in New York, New Jersey, and nationwide.
By enabling low turnaround times on hard money real estate loans, HGRN Capital seeks to create an ecosystem in which real estate investors can make significant improvements that raise the market value of their properties before putting up said properties for rent. They hope to create a ripple effect that increases the neighborhood’s desirability.
Speaking about their lending philosophy, a spokesperson for the company says, “We are a New York City Private Lender that only uses its own funds. Our focus is to assist borrowers who cannot secure financing through other sources. We believe that if we have good collateral, we can afford to allow our borrowers the time and freedom to freely operate their business and put their finances back on track.”
HGRN is part of the Hudson Realty Group, a boutique real estate direct lender headquartered in Clason Point, East Bronx. The group is headed by founder Luis Omar Figueroa who is passionate about educating and supporting borrowers through every stage of property ownership.
Visit https://www.hgrncapital.com/ for more information.
Name: Luis Omar Figueroa
Email: Send Email
Organization: HGRN Capital
Address: 55 Northern Boulevard, Suite 400, Great Neck, NY 11021, United States
Release ID: 89085667
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