At Riverdale Funding, we have the funds on hand and only look at the value of your asset when issuing a loan. This helps us get the loan closed and you paid quickly.
Johnson City, TN (PRWEB) July 22, 2014
Riverdale Funding, a longtime leader in the private hard money industry, has expanded its business by recently closing several bridge loans totaling over $1 million dollars each. This milestone represents Riverdale's continued commitment to supporting the real estate and mortgage market through high-value loans.
Recent high-value loans include:
- Manchester, CT: $1.530 million loan for a commercial office building closed on April 21, 2014.
- Bronx, NY - $1.675 million in loan funding closed on March 13, 2014.
- Norfolk, VA - $1.4 million loan closed on January 13, 2014.
- Villanova, PA - $1.350 million closed on December 6, 2013.
- Houston, TX: $1.5 million loan closed on November 13, 2013.
“We know borrowers who turn to traditional lenders wait weeks or months for loans that may never materialize,” says Joe Hughis, Vice President of Riverdale Funding. “At Riverdale Funding, we have the funds on hand and only look at the value of your asset when issuing a loan. This helps us get the loan closed and you paid quickly.”
The geographic scope of these $1 million loans illustrates Riverdale Funding's commitment to nationwide hard money lending. At present, Riverdale Funding offers private lending in 29 states and is continuously seeking new ways to connect developers, builders, brokers and real estate investors with capital to support their work.
Unlike traditional commercial lenders, Riverdale Funding finances hard money loans directly through its own financial portfolio. Because Riverdale Funding is a direct lender, the application process is much faster. While traditional loans can take approximately 10 months from application to close, many of ours are 7-10 business days. Riverdale Funding has experience working with a diverse range of clients and providing realistic financial solutions without the wait period common in traditional mortgage lending.
To apply for a commercial hard money loan, investors and brokers can submit an application through the Riverdale Funding website or call directly for assistance 1-866-988-3146. Approved loans are valued at up to 65% of the property value. More information regarding Riverdale Funding commercial hard money loans can also be found on the company’s website.
About Riverdale Funding, LLC
Riverdale Funding, LLC is a private commercial hard money lender specializing in providing a variety of nontraditional commercial asset-based loans for real estate investors and developers throughout the US. We are an equity-driven hard money private lender basing our decisions strictly on the value of the real estate. Riverdale Funding evaluates loan decisions quickly and independently, ultimately providing loans tailored to individual financial needs.