Normandy Mortgage Bankers
- Ralph J. Felice
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Construction Loan |
| Property Types | Agriculture, Industrial, Multi Family, Office, Retail, SFR, Warehouse |
| Lendding Area | arkansas, california, colorado, connecticut, delaware, florida, georgia, iowa, maine, maryland, massachusetts, new-hampshire, new-jersey, north-carolina, oregon, rhode-island, south-carolina, vermont, washington |
| States Excluded | Arizona, Illinois, Louisiana, Minnesota, Vermont, Wisconsin |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 5.75% |
| Interest Rate Maximum | 10% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 1.75 |
| Terms | 1 year |
| Interest Only or Amortized | Interest Only |
| LTV Bridge | None |
| LTC Construction | 75 |
| Upfront Fees | Appraisal, B.P.O. Broker Price Opinioni, Legal Review, Loan Documents, Processing, Other |
| Personal Guarantee /Recourse Required | Recourse |
| Intended Occupancy | Owner, Other |
| Special Features | Blanket, Construction Owner Occ, Cross, Foreign nationals, Renovation |
A Direct Lender Since 1985
Normandy Corporation has been a mortgage lender for both consumers and businesses since 1985. We specialize in construction loans and land/lot loans for residential and commercial properties. Normandy has funded over $900+ Million in loans. We fund and service all our loans.
Our lending expertise and financial strength together with our mission to make common sense decisions and to be flexible on loan approvals, gives Normandy a competitive edge against traditional Lenders. This, combined with quality service during the term of the loan, results in an experience that benefits the Normandy customer.
Normandy Mortgage Bankers is located in New York, NY. They offer financing for Bridge Loans and Construction Loans. The property type they primarily lend against is SFR, Agriculture, Multi Family, Office, Industrial, Retail and Warehouse. Their minimum loan amount is $100,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 1 year. Although rates can change they are typically lending at a minimum rate of 5.75%. Maximum interest rate of 10%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 1.75.
These descriptions are limited information and meant for general reference purposes.