An advance on your case is simply taking a portion of your expected settlement NOW instead of waiting for it later. Our money is funded to you usually within 48 hours to assist you with anything ranging from living expenses, bills, or some time away to relax.
You don't have to worry about paying us back at all! We are paid back out of your settlement proceeds when your case settles. Our advance is not viewed as a loan, will not show up on your credit report, and will not effect your credit score.
If you lose your case, you OWE US NOTHING. That's right - if your case does not settle, or you lose your case, you don't owe us one cent.
Our process is designed to be fast. We put a check in your hands in 48 hours!
Simple -
Do you have a personal injury case?
Are you represented by an attorney?
If you answered yes to these two questions, you are PRE-APPROVED!
A private money loan, or a hard money loan, is a loan made by an investor based on the underlying collateral (Real Estate). These loans are typically at a much higher interest rate than conventional loans and are for a much shorter term, typically 6 months to 2 years.
No. We only lend on commercial properties.
No. We only finance commercial property with income potential.
No. We only lend on investment properties.
LTV is a term in the lending industry for Loan to Value. It is the relationship between the amount of the loan against the value of the property.
An LOI is a Letter of Intent, or a Letter of Interest. This is typically used in the industry to communicate initial terms to the borrower, and have a rough structure to the proposed transaction.
No. Our typical LTV (Loan to Value) does not exceed 65% of the value of the property.
Our typical loan term is for 12 months.
Yes. Our loans are typically structured with interest only payments.
Yes. Additional collateral is taken into consideration when making an offer to you.
Interest rates vary from deal to deal. Each deal is negotiated and priced by our team.
Yes. We entertain both ground up as well as rehab construction projects.
At times, we have closed in as little as 3 business days. This is not the norm. Our process typically takes about 2 - 3 weeks from start to finish.
W.A.D. is a direct lender for private mortgage transactions. For traditional deals, W.A.D. functions as a mortgage broker presenting your deal scenario to multiple conventional lenders and delivering the best rates and terms to you.
The fee that we charge varies from deal to deal. We do not have a set price for our services. Each deal with be priced with the customers best interests in mind
Back to topIt depends. If we are presenting your deal to a bank, typically 12 months or so. If we are presenting your deal to one of our private equity sources, or considering funding your loan request internally with our own capital, length of time in business is irrelevant. Decisions to fund will be based on the merits of the overall business plan, and the confidence that W.A.D. or one of it's investment partners has in the principles.
If we are working with a bank for your loan or line of credit, yes. Other capital sources do not rely so much on personal credit scores.
Yes. Bad credit is OK. As long as you are in business and making new sales every month, we have money available for you!
Back to topAn advance is determined by your credit card sales and your overall monthly business deposits. We have multiple options for securing capital to business owners in the restaurant and bar business.
The rate is determined on a deal by deal basis. Essentially, the investment group will advance money to you which will be paid back out of future sales.
Yes. Bad credit is OK. As long as you are in business and making new sales every month, we have money available for you!
Back to topRates are determined by length of time in business, credit, and overall monthly sales volume. We will work with you to beat any rate you currently have, or deliver the best rate to you available if you are a new customer.
Yes. You do not have to purchase any expensive equipment.
Back to topNo. There are never any set up fees!
Yes. We have partnered with a premier payroll provider delivering the latest in technology and reporting, and first class customer service.
Back to topYes we do. Our minimum is a company with at least 2 employees.
We offer term, whole life, variable life, and annuity products.
Yes - we have in our group top providers of Property and Casualty insurance products covering home and auto.
Back to topWe can set you up with a consultation with a seasoned financial professional to discuss multiple options to protect your assets and grow them suiting your overall financial needs
Back to topMoneynyc.com will facilitate your start up business needs by having a seasoned attorney set up your new business according to the rules of the state that you will be doing business in.
Back to topOf course. Moneynyc.com has vetted our professional partners and have worked with some of them in varying capacities for over 20 years. We will place you with a local professional to suite your individual needs.
Back to topLeave it to us. We will conduct a quick study on your location and determine the viability and potential success of an ATM machine's placement.
Your earnings are determined by machine volume. The busier your location, the greater earnings potential you have as a business owner.
Back to topWe always get this question, and the answer is yes. Over the years as a hard money lender, the title companies that we work with know that speed is the way that we make money. They deliver titles quickly so that business can be closed.
Back to topMoneynyc.com has partnered with multiple mortgage banks and brokers to ensure that our clients are in a position where there business is valued. We will place your inquiry with a mortgage banker who understands that you came from the moneynyc.com community and you will be presented with the best possible rates and terms available to you.
Back to topMost of the time, yes. However, in some cases, we have buyers on stand by who will purchase property before they ever hit the open markets.
Back to topWe currently manage some single family homes being utilized as rentals. No property is too big or small for us to manage for you.
Yes! That is part of our management services. You don't have to worry. We collect monthly rents and will send you one payment monthly.
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