Private Money Lending

Newcor Funding can provide private funding for Commercial Real Estate for hard to finance assets, Debtor in Possession Financing, tight credit markets or quick fuse requirement where timing is not favorable to traditional financing.

• Commercial Asset Based Lending: $750k and Up

• First Lien Position

• 65% Loan to Value

• Interest Rates: 11% – 14%

• Fast Funding

• Term: 1 to 2 years

• Origination Fees: 2 – 3 points

• No minimum FICO

• Development, Mezz, Construction, Refi, Purchase

  *All loans subject to independent appraisal and underwriting approval