Service - North East Asset Lending

We exist to create value for our business partners

Most private lending transactions arise because time is of the essence,
so we understand the need for being able to close fast.

Fast Turn around

We understand that opportunities will be missed and deals on investment real estate will be lost. Transactions can close in as little as 5-10 business days from execution of a commitment letter.

WE WORK WHERE YOU WORK

We lend throughout the northeast, from New York to Maine. It is important to be able to establish comparable real estate valuations for your project. This is typically easy to do in more densely populated areas. The more rural your project, the more difficult this can be, and may require more creative solutions. We will work with you to determine realistic valuations and ensure that your project is set up for success

STREAMLINED PROCESS

Our lending process is simplified and efficient, minimizing paperwork and ensuring timely decision making. Our goal is to close and fund your loan within 5-10 days of application.

Our Process

Five easy steps

Complete loan application – Simply complete the NEAL loan application and submit via email or fax. We will review your application and contact you within 24 hours. (See loan application below)
Assess asset and project valuation – NEAL will conduct an independent assessment of the asset valuation as well as your construction budget. We act as a business partner, with years of experience, to ensure your project is set up for success and risks are understood. (See project budget worksheet below)
Issue commitment letter – Once we’ve conducted our due diligence, we will issue a loan commitment letter outlining the terms and conditions of the loan.
Meeting all loan terms and conditions – Once you have committed to our financing terms, we will work with you to meet all terms and conditions of the loan.
Close and fund – Once all requirements are met, we will close and fund the loan .

It’s that simple!

Loan Application

Project Budget Worksheet

Property Types

Residential, non-owner occupied

Multi-family

Commercial

Loan Parameters

Loan Size – $100,000 – $3,000,000

Loan-to-Value – Up to 75%

Loan Term – 6 to 36 months

Origination Fee – 2.0% – 2.5%

Interest Rates – 12.0% – 15.0%

Security – Secured First Mortgage

Underwriting – Collateral Based Lending

Loan types

Acquisition

Rehab

Singles Family Construction

Condo Conversion

Bridge

Note Purchases

Construction Loans • Bridge Loans • Acquisitions Loans • Builder Loans • Fix and Flip Loans • Hard Money Loans • Commercial and Residential Property • Subdivisions • Condo Conversions • Multifamily • Non-owner occupied • Renovations • Rehabilitations • Land Projects • Ground-up Construction • Private Lender • Private Mortgage • Direct Lender Lines of Credit • Note Purchase Financing