Lending Programs

New Providence Capital specializes in creative short term financing solutions for the commercial and residential real estate industry. Each of our principals have been involved in real estate and/or the real estate lending business for over 25 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 a partner.

Deal Parameters
    Loan Amounts:    $200k to $5M

    Loan to Value:  Generally around 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 and on deals $1M and over, most major metros throughout the Southern United States

New Providence Capital lends on the following property types:
    Multi-Family
    Office
    Single Family
    Industrial
    Condominium
    Land / Lots
    Mixed-use
    Mini Storage
    Townhouse

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.
    Participating mortgages.
    Condominium acquisitions and or refinances.
    The repurchase of debt by an owner at a discount.
    Sale/Leaseback Scenarios
    Partner & Lease Buyouts
    Quick Closings to Secure Opportunities
    Acquisition and completion of partially constructed projects.

Call us today with your short-term loan needs!