JOHNSON CITY, Tenn., May 27, 2015 /PRNewswire/ -- Hard money lender Riverdale Funding, LLC has been cleared to make commercial hard money loans in Arkansas and Iowa, expanding its reach to 32 states across the country.
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"Borrowers have at times found themselves facing complications with traditional financing sources not being an option," said Joe Hughis, Vice President of Riverdale Funding. "Riverdale is that option. We provide the flexibility to tailor loans for unique financial needs and deliver quick decisions because our commercial hard money loans are privately-issued, asset-based loans that are underwritten on the value of the real estate rather than on income or credit history."
Riverdale Funding is a private hard money lender that specializes in providing a variety of nontraditional commercial loans for commercial real estate investors, throughout the United States. The company is an equity-driven financing (hard money) lender basing its decisions strictly on the value of the real estate. Riverdale's loans range from $250,000 up to $5 million and more in some cases.
Riverdale Funding's loan experts evaluate applications of brokers and investors looking to secure a fast commercial hard money or bridge loan. This assessment is heavily based on the applicant's hard assets, and all credit histories are accepted, thus loan decisions happen much more quickly. If the loan is approved, borrowers could receive a loan of up to 65% of their property value (LTV) with terms of one-three years, interest only. As a privately-funded hard money lender, Riverdale Funding has the freedom and flexibility to tailor loans for unique financial needs and deliver quick decisions. Borrowers seeking to learn if they are qualified can call 888-368-4983, to apply for a commercial hard money loan.
Commercial real estate investors who secure bridge loans from Riverdale Funding can close quickly on a property, while leveraging short-term financing benefits without compromising long-term ROI. Riverdale Funding makes the financial transition of property seamless.
About Riverdale Funding, LLC
Riverdale Funding, LLC is a private commercial hard money lender that specializes in providing a variety of nontraditional commercial loans for real estate investors, in 32 states. We are an equity-driven private hard money lender basing our decisions strictly on the value of the real estate. Riverdale Funding evaluates loan decisions quickly and independently, ultimately providing loans tailored to individual financial needs.
Media Contact:
Jill Reilly
617-482-0042
SOURCE Riverdale Funding, LLC
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