With new construction on the rise, Riverdale Funding is poised to capitalize on the accelerating real estate market recovery in the US.
(PRWEB) December 06, 2012
Riverdale Funding, a subsidiary of Woodbridge Structured Funding, is pleased to announce the successful closing of $3.3 million in commercial hard money loans since the company’s incorporation in July 2012.
Riverdale Funding, LLC has just successfully closed its twelfth hard money commercial mortgage loan since the company’s incorporation in July of 2012, boosting the company’s total loan disbursements to date to more than $3.3 million.
With new construction on the rise, Riverdale Funding is poised to capitalize on the accelerating real estate market recovery in the US. Commercial investors are taking advantage of low real estate prices at a growing rate, but today’s stringent post-recession mortgage requirements have pushed many to seek non-traditional financing paths.
Because traditional mortgages are dependent on a multitude of documentable factors – including the borrower’s income, credit scores, and tax returns – borrowers often seek alternative loan methods to expedite and simplify the process.
Commercial hard money loans have minimal restrictions, relying instead on existing real estate assets for loan approval. These non-traditional loans often present attractive financing options for individual and institutional borrowers with inconsistent income or impaired credit.
With over 35 years of experience in the real estate and mortgage business, Riverdale Funding is thoroughly committed to providing our clients with quality financial solutions and the highest level of customer service, along with the support and advice needed during the loan process.
About Riverdale Funding, LLC
Riverdale Funding, LLC is a private hard money lender that specializes in providing a variety of nontraditional commercial loans for real estate investors, builders, and developers throughout the US. We are an equity-driven hard money lender basing our decisions strictly on the value of the real estate. Riverdale Funding evaluates loan decisions quickly and independently, ultimately providing loans tailored for individual financial needs. More information regarding Riverdale Funding, LLC’s commercial hard money loans can be found online at http://www.riverdalefunding.com