Scarsdale lending Club, Inc. is a private mortgage lender supported by the financial strength of our affiliates, including high net worth accredited individuals, institutions, hedge funds and pension funds. We are started by our principals who have more than thirty years of real estate experience and look to new technologies to ease the lending process. Scarsdale Lending Club is now a part of New York Lending Club, Inc. and provides capital for commercial and residential construction properties throughout the New York region.
|Interest Rates from 7.85 %||In-House Appraisals|
|Brokers Protected||Fast Underwriting|
|Loans from $150,000||Terms- 1 to 3 years|
|Land and Construction||Commercial Loans|
|Renovation Loans||Distressed Debt|
|Realty Conversions||Bridge Loans|
Construction Loans – We lend to experienced builders who have the creative ability to purchase and renovate existing housing stock and create a modern product for the current urban marketplace.
Real Estate Acquisitions – Purchasers who have selectively targeted commercial, industrial or investment property who wish to rehabilitate commercial property or change its use to a more appropriate tenant mix select our company to fund the acquisition and renovation of their projects.
REO/Short Sales – We are a financier of short sales and bank owned real estate. These are short-term loans for bank owned real estate.
Re-Finance – Our bridge loans can be used for an interim period to finance a commercial or residential real estate project until permanent financing can be obtained.