Bridge Loan
Bridge Loan - LG345
Bridge Loan - LG345
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Gas Station, Hotel, Mixed use, Motel, Multi Family, Special-Use |
| Lendding Area | arizona, california, colorado, idaho, montana, nevada, new-mexico, oregon, utah, washington, wyoming |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $20,000,000 |
| Interest Rate Minimum | 10% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 3 |
| Terms | 1 year, 2 year |
| Typical Days Required to Fund | 20-30 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Max Points Charge by Broker | 3 |
| Prepayment Penalty | 1 year |
| Documents needed | Operating Statement - Year-to-Date, Rent Roll, Tax Returns - Business - 2 years |
| Recourse | Recourse |
| Updated as of | 2024-03-20 |
| Program Code | LG345 |
These descriptions are limited information and meant for general reference purposes.
