OUR PROCESS
Property address:
- Purchase price (if refi, current owed amount)
- Rehab budget (if any)
- As-Is-Value (AIV)
- After-Repair-Value (ARV)
Credit score:
- Borrower’s real estate experience (any real estate experience)
Please provide the following required documents within 24 hours:
- Completed Application (DocuSign)
- Driver’s License (for each guarantor)
- Contract of Sale (If it’s a Purchase)
- Corporation Entity Documents:
- Articles of Organization
- Filing Receipt
- EIN
- Operating Agreement
- Proof of Publication (if company is over 1 year old)
- List of Members
- Certificate of Good Standing (if company is over 30 days old)
If an LLC:
- Certificate of Incorporation
- Filing Receipt
- EIN
- By-Laws
- List of Shareholders
- Certificate of Good Standing (if company is over 30 days old)
If a Corporation:
- Proof of Homeowners Insurance (binder)
- Title
- Credit Report
- Appraisal
- SOW (scope of work, with clear indication of how many construction draws needed)
- Borrower’s attorney contact information
- We close within 7-14 days
- Some loans close in 2-4 days
- We close deals when banks can’t
- We value our clients and deliver results
ABC – (A) ALWAYS – (B) BE – (C) CLOSING
We review and customize our financing to meet each client’s real estate investment objectives.
OUR SERVICES
Competitive Interest Rates and Terms | Trusted Service | Simple and Transparent Process | Fast Closing
Fix and Flip
Up to 90% purchase & 100% rehab | 1-4 family non-owner occupied property | $75K to $2M Loans | Up to 18 months
Multi Family & Mixed use
Up to 70% LTV | 5+ family non-owner occupied property | $500K to $2.5M Loans | 12-24 months
New Construction
Up to 75% of construction | Origination Fee 2%+ | Total LTC is 75% | Prior construction experience required
Line of Credit
Up to $10M Line of Credit | 6.99% and above | Use of funds: fix and flips, fix and hold and new construction
Private Equity Firm: Debt and Equity
We provide debt and equity financing for lower middle-market companies with growth deals.
Working Capital
We provide working capital (factoring, MCA and specialty finance) to small, medium and large companies from $100,000 up to $10M.
Real Estate Investments
We participate as equity partners in real estate investments.
Trust and Transparency
Our dedicated team are ready to help and will close your loan within 7-14 days, with some loans within 2-3 days.
PARK ROCK CAPITAL LENDING AREAS
As an asset-based direct lender, we are able to assist you on your next real estate investment — quickly and competitively. Park Rock Capital is headquartered in the heart of New York’s Financial District, with a second location in New Jersey. Our experienced team works with real estate investors throughout the U.S.
Park Rock Capital is primarily focused on New York, New Jersey, Connecticut metro areas while we constantly expand to other metro areas across the United States.
BRIDGE LOAN BASICS
LOAN TO VALUE (LTV)
We finance upto 90% purchase and upto 100% Rehab.
AIV AND ARV
As-Is-Value (AIV) and After-Repair-Value (ARV) are key.
LOAN TERM
12 months, with an option to extend (for a nominal fee).
EXPERIENCE
Real estate experience matters. More experience = better rates.
SCOPE OF WORK
A smart scope of work is a key for success.
ASK QUESTIONS
Planning, due diligence, research and budgeting are key.
COMPETITIVE RATES
We offer some of the lowest rates within the hard money lending industry. We value experience, and seasoned real estate investors receive discounted rates.
LOAN PROCESS
Our process to get started is quick and easy, once you have received your purchase contract.
Pre-qualify —> Submit App and Docs —> Close the Loan
Fill out the required information to get started from the get in touch.
GET IN TOUCH TO LEARN MORE
Frequently Asked Questions
What documents are required for the loan application?
Fill out our 2 page application.
What is your interest rate?
Starting from 6.99% to 12%.
On average how long will it take to close?
About 3 to 10 business days.
How do I qualify for a hard money loan?
Experience in real estate and investments are key for our loan programs.
Why use ParkRock Capital?
We are reliable, fast, and deliver results along with having an extensive network of financing resources to close your deal.