Financial Services - Chatham, New Jersey, United States
Lavallette Capital is a direct hard money lender serving investors/borrowers in New Jersey.•Loans range from $100,000 to $1,000,000. •Proceeds available for property acquisition as well as repair and renovation •1st lien on the mortgaged property to be purchased or refinanced•Terms typically up to 1 year; longer terms considered on a case by case basis•Non-owner occupied properties only•Rates ranging from 14-15% p.a. with 4-5% upfront•Advance rates up to 90% of property acquisition cost, typically up to 65% of after-repair value•Efficient & streamlined closing•Flexible construction draws process Lavallette Capital also provides capital advisory services to the specialty finance industry.
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