Hard Money Brooklyn 59th St, Brooklyn

Hard Money Brooklyn Reviews

• R

  RobbieRobb 100
  5

  Very Satisfied with Jonathan’s service. My loan took 4 months to close. Everything was black and white. Thank you for the financial relief you have provided for my family and myself. 250k.

• J

  JP Capital
  1

  I reached out after reading all the reviews, (which now I'm doubting if they are actually real) and spoke to someone by the name of Jonathan Fisher. Without introducing himself he abruptly asked me for the propery address. I asked him if I could give him an estimation of the location & the characteristic of the home along with the numbers for the flip. He said no and asked for the property address again. As any investor in NYC knows - NYC is a VERY competitive market, where you have to be diligent about who you give or disclose property addresses to as they may just want to go around you and steal your deal. TIP: An experienced Hardmoney lender should be able to provide you with rough LTV's (loan to value ratio) without you disclosing the property address based on the following statement: "The property I have under contract is in Harlem NY, it's a 5 bed 2 ba two family house with basement. 3 levels. I have it under contract for X & it needs X amount in rehab and the ARV is X base on comps" Again- With the above statement, any experienced Hardmoney lender should be able to give you his financing terms. Here are the real numbers for the deal I was presenting to Jonathan. Type: Single family with full basement in BX (Pelham) Purchase: $300k Rehab: $10k Arv : $550k Zilllow estimate: $395,00 I was asking for 56% of the ARV and was going to put down 10%. Almost all HML lend up to 65% + of the ARV. My deal should had been a no brainer. However, even after disclosing the numbers of the deal Jonathan insisted on getting the property address without giving me any terms. This again was another red flag which at that made me certain that Jonathan was def not an experienced HML or just a predatory investor looking to steal new investors deals. In summary, my advise is the following: Be careful with this lender and make sure YOU DONT give out sensitive information without verifying he is a legit lender who has a product that can actually help you.

  Response from the owner

  The Guys Credit Is Way To Low for 10 Percent Down. this credit score does not fit with this Program.

• J

  Jorge P.
  1

  We called Jonathan to see if he had the products he mentions on his website & it turns out they don't. Here is what they do offer however: 1. only will lend on a deal which is below 50% of the ARV. ( most lenders will lend at 65%-70% of the ARV) 2. you need a 750 score (why not just use a Regular bank? 3. The deal is not asset based is more of personal guarantee. So in short - If you have: - 750 credit score - $500k in the bank - property under contract below 50% of ARV - - no desire to use a conventional bank The this is a great lender for you :-)

• Y

  Y Me
  5

  Deal didn't work out for me due to outside factors. However Mr. Fisher was very courteous, caring, and helpful, until I told him that I must back out, which even then his friendliness didn't diminish. I will definitely be back next time around.

• K

  Karl Heyliger
  5

  These guys are the real deal! They will get the deal done when no one else can. I shopped all over, went through all of my contacts, but I did not find success until I called Hard Money Brooklyn. They make it easy to get hard money!

  Response from the owner

  Thank You

• j

  jay guttman
  5

  Johnathon is Highly Recommended! Its become a family tradition for all our loans, and none was disappointed! Thank you!

• P

  Peter Blass
  5

  Mr. Fischer of Hard Money Brooklyn was fantastic in the expediting of our loan process. We were able to close a land loan in Upper Manhattan in one week . The loan was for over $ 1,200,000 and the rate was under 10%. The lender was very accommodating and helpful throughout the closing process. Looking forward to future transactions with Hard Money Brooklyn. Great job thanks.

  Response from the owner

  Thank You

• B

  Brian Goodin
  5

  I was recommended to Hard Money Brooklyn by one of their satisfied customers and from the moment Mr. Fischer spoke to me, the process of providing me with financing for my New York property moved swiftly, we closed within two weeks. During the vetting process, Mr. Fischer explained everything and was always attentive to my calls and inquiries. I have dealt with other real estate financiers and the process was always paper intensive, drawn out and frustrating. I highly recommend Hard Money Brooklyn for all your real estate financial needs.

• S

  Simcha Engel
  5

  I'm really impressed with the service at Hard Money Brooklyn, they're easy to deal with, they delivered on all their promises,

• J

  Jacob Werzberger
  5

  Mr. Fischer of Hard Money Brooklyn is the most honest professional person i dealt with i highly recommend him for all your hard money needs

  Response from the owner

  Thank You