Private Lending
Made Simple
We dedicate our time and services to providing a smooth lending experience to all.
- Who We Are
Professionals who understand the importance of your needs.
Harris Money is a private lending institution that assists real estate investors in reaching their goals with competitive rates and terms. Our team members are assigned to each client to assure prompt service and attention. We work closely and one-on-one with each investor to provide a client-centric experience.
- Programs
Loan Programs
Whether seeking a Fix & Flip Loan, Bridge Loan, Buy & Hold Loan, or other financing we provide our clients with the loan program to meet their investment and financial strategy and requirements.
| Fix & Flip Loan Program | Rental Loan Program | Bridge Loans | Multi Family/Mixed Use Bridge Loan | No Doc/LowDoc Commercial Mortgages | New Construction & Condo Conversion | |
|---|---|---|---|---|---|---|
|
Project Type |
1 -4 Unit Residences Condominiums, Townhouses, Multi-Family Apartments |
Single Family
Residential,
Multi-Family (2-8 Units) Condominiums, Townhouses, Vacation Rental 1+ Units |
Apartments, Single-Use, Office, Light, Industrial/Warehouse, Retail, Mixed Use Buildings |
Multi Family (5+), Mixed Use |
Apartments (5-21+ Units), Industrial, Warehouse, Health Care/Assisted Living, Multi-Family, Shopping Centers, Offices, And Many More... |
1 - 1, 000 Units |
|
Loan Amount |
$100,000 -
$10,000,000 |
$100,000 - $4,000,000 Up to $5,000,000 for Portfolio Loans |
$100,000 -
$40,000,000 |
$100,000 -
$50,000,000+ |
$100,000 -
$15,000,000 |
$100,000 -
$3,000,000 |
|
Loan to Value (LTV) |
Up to 90% |
Up to 85%
Vacation Rental Up to 80% |
Up to 80% |
Up to 80% |
Up to 80% |
Up to 65% |
|
Rent Coverage Ratio |
Not Applicable |
0.75 |
1.1x |
1.1x |
1.2x |
Not Applicable |
|
Loan Term |
12 - 36 months |
Interest Only Amorized Fixed Upto 30 years |
Up to 36 months |
12 - 36 months |
5/7/10/15 or 30 years |
12 - 24 months Interest Only |
|
Interest Rate |
MKT |
MKT |
MKT |
MKT |
MKT |
MKT |
|
Rehab Financing |
100% |
Not Available |
100% |
100% |
Not Available |
Not Available |
|
Proceed Usage |
Purchase, Refinance, Renovation, Bridge, Cashout |
Purchase, Refinance, Cashout |
Purchase, Refinance, Cashout |
Purchase, Refinance, Cashout |
Purchase, Refinance, Unrestricted, Cashout |
100% Development Costs Not to Exceed 75% ARV |
|
Those Who Qualify |
US Citizens, Foreign Nationals, Permanent & Non-Permanent Resident Alien |
US Citizens, Foreign Nationals, Permanent Resident Alien |
US Citizens, Foreign Nationals, Permanent Resident Alien |
Experienced or newbies to real estate |
US Citizens, Foreign Nationals, Permanent Resident Alien |
2+ Completed Projects |
Why Us?
Your financial information is safe with us. Only our trusted staff and consultants can access your file and your loan program. We are a compassionate team of real estate and lending professionals committed to helping you improve your credit, and manage your finances and reach your objectives.
Fix & Flip
A fix-and-flip loan is short-term funding that real estate investors use to buy a property that they fix up and resell for a profit.
Bridge Loans
A bridge loan is a short-term loan used to bridge the gap between buying a property until stabilized for refinancing or sale.
commercial loans
Commercial real estate is an investment property intended to generate a profit, usually from rental. This combines our Rental Loan Program (DSCR) and other buy and hold programs.
re-organization
New loan that demonstrates the good faith of the borrower and is supported by the property cash flow analysis and property's equity. Usually after a bankruptcy discharge.
Foreclosure bailout
New loan for a delinquent borrower, usually involves Sell and Stay or a SaleAbility loan.
credit building
Easy & inexpensive programs to boost credit. Private landlord rent reporting, secured credit cards, adding a tradeline.
credit restoration
Full credit repair that involves challenging and correcting furnishers reporting to the credit bureaus. Score increase is a byproduct of deletions.
business credit
Business credit signals lenders and vendors your company's ability to borrow money and pay its financial obligations. Business credit scores are separate from the business owner's credit.
Check this out
Credit repair and real estate lending are two of the services that we offer, and you are welcome to take advantage of either or both of them.
Credit Repair
Lending
Contact Us
Our programs are streamlined for the best possible outcome. Contact us for a quick response by a loan officer.
- Harris Money, LLC., 3040 Fairfield Ave. Bridgeport, CT. 06605
- 203-951-3440
- info@harrismoney.com
