Lending Activities
Our competitive advantages as a lender include an experienced management team, long-standing relationships, knowledge of the market, and disciplined lending. We focus on originating short-term first mortgage loans and maintaining responsibility for each stage of the investment process. After identifying a particular lending opportunity, we perform financial, operational, credit and legal due diligence of the borrower and its principals, and evaluate the strength of the collateral to assess the risks of the investment.
Our loans are generally used for:
- Acquiring and renovating one-to-four family fix & flips
- Acquiring and renovating mixed-use properties
- Purchasing and holding or selling income-producing properties
- Acquiring and renovating commercial properties
- Purchasing warehouses and light industrial properties
- Purchasing and developing residential land, industrial land, and pre-approved land
- New construction of residential and commercial real estate
Our loan application process requires:
- Credit report and background search
- Purchase contract or HUD
- Proof of funds
- Personal financial statement of the guarantor
- Borrower or builder resume
- Schedule of REO owned/bought & sold
- Income & Expense on all income-producing properties
- Third-party appraisal with “as is” and “finished” market values
- Approved plans if the property is a construction project
Real Estate Management
York Funding Provides
- Centralized management of real property
- Acquisition, sale, and leasing of real property
- Assessment of property for holding or sale
- Management of leases: compliance, collection, and payments
Real Estate Development
York Funding is a full-service real estate development company which develops, invests, constructs, and manages residential properties. York Funding is currently engaged in the development of four major residential projects located in New Jersey and New York.
