New Condo Developments
For the last two decades, GuardHill Financial has been instrumental in the success of the new condominium development market. Headquartered in NYC, we understand condos better than any other national lender. As a direct lender, we can quickly approve loans with great interest rates up to $20 million.
Start the process with us when you begin your apartment hunt. With a pre-approval from GuardHill, you will have a strong offer and show intent to purchase to both your agent and the building’s developers.
Why Work with GuardHill on a New Condo Purchase?
- We lend in virtually every building in the Metro NYC area and are a preferred lender in several.
- We know how important it is to work closely with the building’s sales team, sponsor and developer to give accurate feedback and drive closings.
- We can approve a building within a week.
- We pre-approve clients for the sponsor*.
- We will work with the sponsor and closing attorneys of the building.
- We have a strong in-house underwriting team that specializes in new condo development financing.
- GuardHill operates under the same experienced leadership team that has been in place for over 25 years.
*Sponsor: the sponsor most of the time is the developer of the building that sells the units to individual buyers. Most developers continue to be the sponsor, but the selling of the units could also be assumed by another party.