Harlem Funding Corp

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Harlem SRO Property

Do you currently own a Brownstone or thinking of buying one?

As a result of an explosive real estate market in Harlem, buyers are hunting for deals with the dreams of buying one of Harlem's brownstone. But because it's one of the hottest real estate markets in the country, you may think you're priced out of the market. The deals that remain are typically SRO (single room occupancy) properties. The problem is these properties do not fall into the standard residential property types of 1 - 4 family units so securing financing from your typical bank is not easy. Although the properties may look, function, and have a NYC tax classification as your standard 1 - 4 family brownstone it has a Certficiate of Occupancy by New York City's Department of Buildings as an SRO.

Option #1: SRO Funding Avantage

  • Stated Income/Stated Assets Program
  • Loan Amounts from $100,000 to $1,000,000
  • upto 80% financing available or upto 90% financing with Seller's 2nd mortgage
  • NO seasoning requirement
  • Refinancing - No Cash out Limit
  • Fast Closings Available
  • All loans are assumable
  • Tier 3 Pricing
    Apply Today
   

Option #2: Condo Conversion

Let Harlem Funding help you leverage your real estate assets. In today's real estate market, condo conversion of your brownestone property can deliver enormous returns on your investment. Contact us for details.

Small Balance Commercial MortgagesWe specialize in financing for small commercial real estate. Your access to capital as a small business owner or commercial real estate owner has never been easier. Try our special programs design for you::
  • Stated Income/Stated Assets Program Available
  • Simple residential-style Underwriting practices
  • Quick Closings
  • upto 90% loan-to-value available on eligible property types
  • 600+ Credit Score

Short-Term Financing for Distressed Borrowers Lets us help you solve your short-term financing needs that require immediate funding. This program designed for income producing properties and typically closes within 14 days:

  • Real Estate Tax Lien Payoffs
  • Foreclosure Workouts
  • Bankruptcy Resolutions
  • Debt Consolidation
  • IRS Liens

Simply Yes Program Attempting to find financing for a niche property can be very difficult. Harlem Funding Corp has designed a special program with you in mind. Other lenders may say no but we say yes on the following deals:

  • Single Room Occupancy (SRO)
  • Mix Use
  • Vacant Building
  • Rent Stablized or Rent Control
  • Vacant Lots
  • Condo Conversions

Xpress Business Loans Starting a business or need capital to grow. We can provide you with conventional and government backed small business loans. Get the flexibitily you deserve to use and manage capital resources:

  • SBA 7a Loans
  • SBA 504 Loans
  • SBA Community Express
  • Conventional Business Loans
  • Factoring (Accounts Receivalbe Financing)

 

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