The establishment of a no-income-verification direct private lending program for 1-4 family investment homes, modest mixed-use properties, and commercial real estate has been announced by New York City-based private money lender, HGRN Capital.
Great Neck,United States - October 18, 2022 /PressCable/ —
HGRN Capital, a private money lender with offices in New York City, now offers mortgages without income or asset verification. With no-debt-service coverage ratio (DSCR) programs that don’t demand proof of revenue, HGRN Capital works helps investors and businesses access fast funding with minimal regulation.
For more information, visit https://www.hgrncapital.com
With this announcement, the Bronx direct lender helps borrowers in New York and New Jersey who are unable to qualify for financing from traditional lenders and other institutions. The company has introduced no-DSCR loans for modest mixed-use properties and 1-4 family investment residences with loan amounts ranging from $2 million to $10 million.
Bypassing the eligibility requirements of conventional lending institutions, HGRN Capital offers programs without requiring proof of income. No copies of payslips, credit reports, or tax returns are required for private or direct loans. To prove their capacity to pay back a mortgage, borrowers are allowed to provide bank statements or other supplementary paperwork.
The purpose of direct loans is to help people whose income statements and cash flow are complicated by seasonality, self-employment, or independent contracting. Real estate loans without income verification and other regulations are a cost-effective solution for borrowers with complex tax returns or those who find it difficult to verify their monthly income.
In comparison to commercial mortgage lenders and small business funding organizations, HGRN Capital is a direct commercial lender for small businesses with quicker application processing and funding timelines.
The team at HRGN Capital has received favorable customer reviews for making the direct lending service and procedure simple, hassle-free, and quick.
A spokesperson for HGRN Capital commented: “As a private lender based in New York City with a highly experienced team, that only employs its resources, our main goal is to support borrowers who are unable to obtain finance from other sources. We can commit within 48 hours, close within ten days, and guarantee the best client experience.”
Interested parties can find out more about HGRN Capital’s no-income-verification mortgage at https://www.hgrncapital.com
Contact Info:
Name: Luis Omar Figueroa
Email: Send Email
Organization: HGRN Capital
Address: 55 Northern Boulevard, Suite 400, Great Neck, NY 11021, United States
Phone: +1-917-939-1939
Website: https://www.hgrncapital.com/
Source: PressCable
Release ID: 89083430
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