Private Real Estate Loans NYC

"I've worked with many Commercial Mortgage Broker during my extensive real estate career but none as thorough or quick as Hard Money NYC. They funded our deal in only two weeks and did exactly as they said they would. Mr.Coppinger went out of his way to make it happen on a tight deadline and was exceptional to work with. They will no doubt become a key player on our team and a big part of our success in 2010."

G.Crawford

"We recently used a Comercial Mortgage Loan with Hard Money NYC for the first time. Robert is a real professional and got our loan funded on time. We will definitely use Hard money NYC again."

M. Thomas

How Does a Hard Money Loan Work?

Private Real Estate Loans are easier to get and are funded very fast, usually in about 5 to 7 business days. It is referred to especially with real estate investors as asset based lending. The collateral of the loan is the real estate. These loans are far different than conventional loans that banks offer because the underwriting is based on different criteria. In private lending, we focus on the asset itself, the property, and do not look at a borrowers credit score, income, tax returns, W-2's, etc..

For those seeking emergency funding sources, or those that have situations that are time sensitive and need to close quickly (in days not weeks) for their money, hard money is a solution! Credit scores or bad credit is not a factor in most cases.

We lend money on a short-term basis, usually 6 months to 1 year. Borrowers use our loans for a variety of profitable purposes. A few strategies that borrowers have used hard money for are: bridge, refinance, development, acquisition, rehab, and flip. Since Hard Money is more expensive than traditional sources, borrowers usually have a financial gain from using hard money, so the interest or points usually is offset by the financial gain.

Our Reputation Is Your Satisfaction

Private Real Estate Loans NYC is owned by The W.A.D. Group, LLC., and operated by Robert Coppinger.
We are a group of local real estate investors / professionals who understand our market. Our reputation is very important to us and we focus on doing the right thing for our clients every step of the way.

Mr. Coppinger started his career in the financial services industry under the employ of our nation's largest banks (JP Morgan Chase Bank and HSBC Bank) as Vice President of their respective commercial desks. Robert has been a successful entrepreneur launching various companies in the legal services, insurance, finance, and real estate industries.