Lending Basics

• Application Fee: None
• Security: First Mortgage Position
• Loan to Value: Up to 65%
• Loan to Cost/Renovation: Up to 75%
• Loan Size: Starting at $100,000
• Loan Term: 1 year
• Interest Rates: Starting at 13%
• Origination Fee: Starting at 3%
• Prepayment Penalties: None
• Minimum Loan Term: None
• Appraisals required for any loans greater than $250,000

FINANCING AVAILABLE FOR

We work with real estate investors to provide short-term funding for:

• Bank-foreclosed residential properties
• REOs
• Short Sales
• Multi-family buildings
• Real estate acquisition

As commercial lenders, we do not finance owner-occupied properties.


AREAS SERVED

Each link below shows some of our closed transactions in that area.

• New York City
     Bronx, Brooklyn, Manhattan, Queens and Staten Island
• New York State
     Long Island  Nassau and Suffolk counties
     Westchester and Rockland counties
• New Jersey
• Connecticut
• Massachusetts
• Pennsylvania
• Maryland, District of Columbia and Virginia

BROKERS PROTECTED  learn more ....

Loan Criteria :

Loan Size: From $500,000.00 & Up

Property Types:

All types considered – multifamily, condominiums, office, mixed user, retail warehouse, industrial, hospitality

Terms:

6 – 12 Months

Interest rates:

From 12%

LTV:

Up to 70%

Uses of proceeds :

Acquisitions, restructuring, discounted payoffs, property improvements, construction, Geographic

Location:

Primarily the east coast however all locations considered.

GALA RESOURCES LLC    1212 Avenue of the Americas  10th Floor   New York, NY  10036
DIRECT HARD MONEY LOANS SINCE 1990