Granite Street Private Lenders
Bridge Loan | |
| Property Types | 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse |
| Lendding Area | nevada |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 12% |
| Points Minimum 1st TD | 2 |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year, 4 year, 5 year, 10 year, 7 year, 15 year, 20 year, 25 year, 30 year, 35 year, 40 year |
| Typical Days Required to Fund | 5 Business days or less |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Fees | Processing Fee |
| Entities | Corp - Corporation, Foreign National, Individual, LLC - Limited Liability Corporation, LP - Limited Partnership, Partnership, Trust |
| Extensions Available | Considered based on Performance |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st, 2nd, 3rd, 4th or subsequent |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant, Vacant, Owner Occupied Business Purpose |
| Fixed or Adjustable | Fixed |
| Special Features | 1031 Exchange, Lease Option, Note Acquisition, Blanket Portfolio, Low liquidity, Partner Buyout, Repositioning, Performing collateral assignment, Trust resolutions |
| Reserve Requirement | None |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Hard Money Loan, Private Money, Rehab Loan, Second Mortgage |
| Property Types | 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Hospitality, Industrial, Land Entitled, Land Non-Entitled, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior, SFR, Shopping Center, Special-Use, Strip Center |
| Lendding Area | nevada |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 12% |
| Interest Rate Maximum | 13% |
| Points Maximum 1st TD | 6.5 |
| Terms | 40 Years |
| Interest Only or Amortized | Interest Only, Amoritzed |
| LTV Bridge | 65 |
| LTC Construction | 100 |
| ARV Rehab & Construction | 65 |
| LTC Rehab | 100 |
| LTV Long Term Rental | 100 |
| Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse, Personal Guarantee Not Required / Non-Recourse |
| Intended Occupancy | Owner, Owner bridge, Vacant, Tenant |
| Percentage of Budget Financed - Rehab | 100 |
| LTC Percentage of Budget Financed | 100 |
| NMLS ID | 2540525 |
Granite Street Private Lenders is located in Las Vegas, NV. They offer financing for Bridge Loans, Hard Money Loans, Rehab Loans, Second Mortgages and Private Money. The property type they primarily lend against is 2-4 Units, Agriculture, Assisted Living, Automotive, Cannabis Related, Industrial, Land Entitled, Land Non-Entitled, Medical Office, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Special-Use, Strip Center, Hospitality, Mixed use and Senior. Their minimum loan amount is $50,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 3 months. Maximum duration of 40 Years. Although rates can change they are typically lending at a minimum rate of 12%. Maximum interest rate of 13%. Maximum points charged are 6.5.
These descriptions are limited information and meant for general reference purposes.