New York, NY Loans

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Simply put, we fund house flippers.

If you have a non-owner occupied single family or multi-unit property that needs some TLC, Babylon Loan Services is your source for financing. Our loans can be used for a number of things, including closing fees, purchase price and rehab costs. At Babylon Loan Services, only interest is due during the term of the loan, which means you have more flexibility with your cash flow. Finish your project ahead of schedule, and payoff the loan early with no pre-penalty fee.

At Babylon Loan Services, we know how to turn a loan request quickly into a closed loan. We typically fund 80% of the "as is" value of the property to be renovated, and our loans typically range from $50,000 to $2 million.
Edgecombe Avenue New York, NY
Borrower: Torri
Recent News: Cross Collateral
Close Date: 06-15-2016
This loan is set up as three installments. The first payment funded the purchase of multi-unit property and the initial renovations. Two remaining disbursements will be made based on the renovation schedule. Torri was able to secure additional funding through cross collateralization of other owned properties.

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