What states do you lend in?

New York metro area (Manhattan, Queens, Brooklyn, Bronx, Staten Island, Westchester, Nassau and Suffolk counties), New Jersey (Bergen, Essex, Hudson, Hunterdon, Mercer, Morris, Monmouth, Middlesex, Ocean, Passaic, Somerset, Union, and Warren counties)

Southern Connecticut (south of Stamford) Pennsylvania (Philadelphia), Baltimore, MD, Northern Virginia, and Washington D.C.

What is your typical loan structure?

We offer a non-amortizing balloon loan that matures within six to twelve months. With an optional extension for 6 month for a fee.

Do you demand prepayment penalties?

Typically yes, can be only 3 months but the answer depends upon the complexity of the loan and the amount of time and energy required for underwriting.

Can the borrower hold the title in a corporation or LLC?

Yes, that is our company policy in order to receive a loan from us. We also require personal guarantees of the principals and we review the governing Company by-laws and operating agreements.

Do you lend to owner occupiers?

No, under NO circumstances we lend to owner occupy property. Also investor must sign affidavit stated this is only for investment purposes.

Will you take a 2nd lien position on a loan?


Do you care how the loan is repaid?

Yes we do. This Loan type of Loan is made for investor that are in the buying and selling property business. We prefer that the exit strategy is a sale. In the case that it is a refinance into a traditional loan we would need to know that at the underwriting stage.

Do you offer new construction financing?

Yes, with the appropriate collateral and experience.

Do you determine the value of the property solely by using an appraisal?

No, we use a ninety-day disposition value for our valuation of the property, determined solely by us and using a combination of valuation techniques including a broker price opinion (BPO), and recent sales including foreclosure sales.

Are you a direct lender?

Yes, based on the type of deal. We also lend in association or with sponsors with other private lenders in local markets.

How soon can I expect funding from AAF?

Arming Asset Funding can close your loan within 5-14 business days assuming that you submit a complete loan package including updated title searches and property insurance.

How soon can I expect a preliminary approval from AAF?

Usually within 24-48 hours if the package is complete.

Do you provide a Proof of Funds letter?

Yes! After you have been approved as a borrower. If not approved you will need to call our office.