(PRWEB) March 28, 2013
Hard money lender Riverdale Funding, LLC has just successfully closed its 22nd commercial mortgage loan since the company’s incorporation, increasing the company’s total loan disbursements to date to more than $6.6 million.
"Borrowers turn to us when traditional financing is not an option," says Joe Hughis, Vice President of Riverdale Funding. "We provide quick decisions, fast closings, and base the loans on existing hard assets such as real estate."
Riverdale Funding hard money loans have helped help investors across the United States achieve their real estate and investment goals. Key transactions on Q1 included $850,000 in financing to purchase a stake in a Georgia investment property, as well as $600,000 in financing to settle a balloon mortgage and prevent property foreclosure. More examples of recent hard money loans can be found on the company’s website.
Many investors have found Riverdale Funding to be exceedingly helpful in securing quick, attractive funding. With over 35 years of experience in the mortgage and real estate business, the loan experts at Riverdale Funding have responded to the resurgent capital demands of those in the growing real estate market.
Investors looking to secure a hard money loan must first submit an application via the Riverdale Funding website or over the phone. Next, the loan experts at Riverdale Funding will assess the application of the potential borrower. This assessment is heavily based on the applicants’ hard assets, which usually include commercial properties. If the loan is approved, investors will receive loans valued up to 65% of their property.
More information regarding Riverdale Funding, LLC’s commercial hard money loans can be found online at http://www.riverdalefunding.com.
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 to individual financial needs.