Not So Hard Money and Bridge Loans in New Mexico
New Mexico is a state in the Southwestern region of the United States of America; its capital and cultural center is Santa Fe, while its largest city is Albuquerque with its accompanying metropolitan area.
It is one of the Mountain States and shares the Four Corners region with Utah, Colorado, and Arizona. With a population around two million, New Mexico is the 36th state by population. With a total area of 121,592 sq mi (314,920 km2), it is the fifth-largest and sixth-least densely populated of the 50 states.
The great state of New Mexico is neighbor to Arizona, and is similarly beautiful and diverse. The distance and differences in statutes increases the costs of funding, and thus the minimum loan size for loans in New Mexico, and the interest rates that are available, are higher than in Arizona, but still very reasonable, easily still qualifying as Not So Hard Money®.
New Mexico provides a number of economic incentives to businesses operating in the state, including various types of tax credits and tax exemptions. Most of the incentives are based on job creation. New Mexico law allows governments to provide land, buildings, and infrastructure to businesses to promote job creation. Several municipalities have imposed an Economic Development Gross Receipts Tax (a form of Municipal Infrastructure GRT) that is used to pay for these infrastructure improvements and for marketing their areas.
A Not So Hard Money® loan can help you to finance your New Mexico aspirations! Our Not So Hard Money® loans are available across the state of New Mexico. Key lending areas include: Albuquerque