- Property Type : Land Entitled
- Loan Type : Bridge Loan
- State : Florida
- City : Hallandale Beach
- Funded Amount : $1,250,000
Summary of all Guidelines | |
Loan Types | Bridge Loan, Construction Loan, Hard Money Loan, Rehab Loan |
Property Types | 2-4 Units, Condo, Hotel, Multi Family, Office, Restaurant, SFR, Warehouse |
Lendding Area | florida |
Loan amount Minimum | $75,000 |
Loan amount Maximum | $3,000,000 |
Interest Rate Minimum | 9% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 3 |
Terms | 2 years, 3 years |
Interest Only or Amortized | Interest Only |
Prepayment Penalty | None |
LTV Bridge | 70 |
LTC Construction | 70 |
Upfront Fees | Appraisal, Legal Review, Underwriting |
Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
Our group is composed by experienced individuals that will provide financial services tailored to your needs. After years of experience in the industry, we are confident that we will accomplish your goals by providing you with a competitive proposal in less than 48 hours and provide you with the service you deserve.
RBI Mortgages is located in Hallandale Beach, FL. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans and Rehab Loans. The property type they primarily lend against is SFR, 2-4 Units, Multi Family, Condo, Office, Hotel, Restaurant and Warehouse. Their minimum loan amount is $75,000. Their maximum loan amount is $3,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 2 years;3 years. Although rates can change they are typically lending at a minimum rate of 9%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 3.
These descriptions are limited information and meant for general reference purposes.