Phone: (718) 720-6115
Address: 531 Wild Ave, Staten Island, NY 10314
States They Lend In: New Jersey and New York
JG Funding is a “direct” real estate lender that has been providing investors with immediate access to short term financing for over 7 years. JG Funding serves a growing need for investors looking for creative, situational financing within a tight time frame to fund acquisition, refinance, rehab and other investment project.
We provide first position loans on residential and commercial real estate. We fund in house, draw our own loan docs and service our loans. We know it is confusing when selecting a hard money lender, so we make it easy! to get started please complete the short Application once you submit it to us you’ll get a call or email from us within hours during regular business hours.
JG Funding is a unique type of hard money lending company. We are a portfolio lender that’s privately funded and have full control over all the deals we approve, fund, service. This means that there are no time delays due to insufficient funding.
JG Funding controls million’s in funds with which to make hard money loans, if your project qualifies for a loan through JG Funding you’ll be closed, funded quickly.
Time of essence
In most cases, we will make our real estate funding decision within several days of beginning the underwriting process. And so from first introductions to the closing of your real estate loan, the entire process should not take more than 10 business days. Our objective is not to burden the borrower with requesting information that is not relevant to the successful execution of the loan but to allow the borrower the flexibility to manage the project. so gather your loan’s information and submit your loan application today.
Real Estate Acquisitions:
Borrowers interested in purchasing commercial, small apartment complexes and residential 2 families plus conditions related to the property itself (such as liens, unfinished building, damage, etc.) may prevent standard funding from banks. In these circumstances, hard money loans offer a perfect short-term solution. Hard money funding can provide enough time to cure many situations, so the property may later be sold or conventional funding can be obtained.
JG Funding Corp. is one of the leading financiers of REO and Short Sale Acquisitions. These are short term loans for the purchase of bank owned or pre-foreclosure properties. In these situations, we will pre-qualify the borrower and property, provide the new borrower with a proof of funding commitment, and close on the property as quickly as possible
One of the most requested types of hard money loans is for the purpose of improving commercial or residential property. The proceeds are used to improve the property, which may then be leased, or re-sold for a profit. Hard money can work well in this situation because of a quick turnaround time and flexible lending criteria.
Hard money loans may be used as a temporary solution to obtain a re-finance or cash out for a commercial, investment or non owner-occupied residential property.
Property Locations: New York and New Jersey
Terms: 12 months
Amortization: Interest Only
Minimum and Maximum loan amount: $100,000 to $1,000,000 per loan; by exception up to $2,000,000
Maximum loan to value: 45% LTV; by exception up to 55% LTV
Upfront Fees: Due Diligent