New Providence Capital specializes in creative short term financing solutions for the commercial and residential real estate industry. Our principals have a combined experience in real estate and/or the real estate lending business of more than 50 years. Our experience and agility allow us to respond quickly with financing solutions to meet our clients’ needs.
Traditional lending sources are often too slow to take advantage of opportunities in the market. Accessing the capital you need in a timely fashion is often critical to capitalizing on profit opportunities. New Providence Capital is faster than traditional lending sources and usually less costly than taking on an equity partner.
Loan Amounts: $250k to $5M
Loan to Value: up to 65%
Interest Rates: 12.99 and up
Points: 3 to 5
Minimum FICO: No
Term: 1 to 2 years with longer terms considered on an exception basis
Lending Area: Texas, Florida, Georgia, North Carolina, Arizona, Tennessee, South Carolina, Nevada, and Colorado and most major metros throughout the Southern US.
New Providence Capital lends on the following property types:
Land / Lots
Borrowing entities can include: Individuals, Corporations, LLC’s, Trusts, or Foreign Nationals. We are less FICO driven than banks and traditional lenders.
Some of the scenarios we work with are as follows:
Commercial real estate loans for the acquisition or renovation of an existing building.
Financing for a property that is in foreclosure.
Opportunistic deals such as the purchase of real estate loans.
Condominium acquisitions and or refinances.
The repurchase of debt by an owner at a discount.
Partner & Lease Buyouts
Quick Closings to Secure Opportunities
Acquisition and completion of partially constructed projects.
Call us today with your short-term loan needs!