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Manhattan Bridge Capital affords brief-term, secured, non-banking or laborious cash” loans to real estate buyers in Brooklyn, Queens, Bronx, Manhattan and Staten Island in addition to Long Island and Westchester county to fund their acquisition of properties positioned in the New York Metropolitan area, including New Jersey and Connecticut, and in Florida.
A transaction whereby property is lent or given to a different on condition of return or, the place the loan is of money, repayment. The typical 15-12 months fixed mortgage APR is 2.670%, according to Bankrate’s newest survey of the nation’s largest mortgage lenders. Due to this fact, the financial institution or mortgage lender can take the property you could have purchased and sell it to someone else if one thing happens and hinders you from making the monthly payments.
