Since 1990, Gala Resources, LLC has been providing short-term mortgages to experienced real estate investors, builders, and dealers. Their rates start at 12% with an origination fee of 3%+. They can lend up to 70% LTV. They are BBB accredited, however, there are no reviews available as of the time of writing.
|Business Name||Gala Resources, LLC|
|Business Address||1212 Avenue of the Americas, New York, NY 10036|
|Business Established Year||1990|
Gala Resources, LLC Rates & Terms
|Types of Properties||Multifamily residences|
|Loan Amount||$500,000.00 & Up|
|LTV||Up to 70%|
|ARV||Information not available|
|Interest Rates||Starting at 12%|
|Lender Fees||Starting at 3%|
|Loan Terms||6 - 12 months|
|Minimum Qualifications||Appraisals required for any loans greater than $250,000|
First mortgage position only
|Typical Time to Funding||In a matter of days|
|Other Financing Available||Bank-foreclosed residential properties|
Multi-family buildings financing
Real estate acquisition loan
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
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