- State : Connecticut
- City : Middletown
- Funded Amount : $270,000
Bridge Loan | |
Property Types | 2-4 Units, Assisted Living, Automotive, Bar, Condo, Daycare, Industrial, Land Entitled, Land Non-Entitled, Medical Office, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center, Warehouse |
Lendding Area | alabama, arizona, california, colorado, georgia, massachusetts, north-carolina, texas, utah |
Loan amount Minimum | $200,000 |
Loan amount Maximum | $5,000,000 |
Terms | 1 year, 18 month |
Typical Days Required to Fund | 20-30 Business days |
Credit Score Min | 580 |
Lien Position | 1st |
Max Points Charge by Broker | 3 |
Prepayment Penalty | 1 year |
Documents needed | Tax Returns - Business - 2 years |
Intended Occupancy | Tenant, Vacant, Owner Occupied Business Purpose |
Fixed or Adjustable | Fixed |
Recourse | Recourse |
General Pricing or Guideline info | For the loan amount, we can go down to $300,000, but we'd require a 1.20x DSCR on a full commercial underwrite. |
Updated as of | 2024-02-13 |
Rehab Loan | |
Property Types | SFR |
Lendding Area | arizona, colorado, georgia, north-carolina, texas |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $3,000,000 |
Interest Rate Minimum | 10% |
Lien Position | 1st |
Updated as of | 2022-01-01 |
Summary of all Guidelines | |
Loan Types | Bridge Loan, Commercial Loan, Hard Money Loan |
Property Types | 2-4 Units, Automotive, Daycare, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Special-Use, Warehouse |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $10,000,000 |
Interest Rate Minimum | 9% |
Interest Rate Maximum | 7% |
Points Minimum 1st TD | 1 |
Points Maximum 1st TD | 2 |
Terms | 5 years, 6 years, 7 years, 10 years, 20 year, 25 years, 30 yrs |
Interest Only or Amortized | Amoritzed |
Prepayment Penalty | Other |
LTV Bridge | 60 |
Upfront Fees | Other |
Stronghill Capital continues to expand its wholesale and correspondent lending operations, to meet the needs of mortgage brokers and bankers like you. With omni-channel delivery options and one of the most diverse and unique product sets in the market, we give you more ways to serve your clients and more ways to generate revenue. Whether you are seeking a partner for Non-QM, Non-Agency Jumbo, Investor Residential/DSCR or Small Balance Commercial… we’ve got it covered. At Stronghill the focus is you, because your success is our success!
Here’s how we can help:
Reduced Documentation: We qualify investors based on the property’s cash flow, not their personal income.
Competitive Pricing: With LLPA pricing improvements and higher LTVs, your clients can qualify for higher loan amounts
Stronger Service: You can feel confident your deals will close with our Non-QM experts available to guide you throughout the transaction, from submission to closing and beyond.
Stronghill Capital is located in Austin, TX. They offer financing for Bridge Loans, Hard Money Loans and Commercial Loans. The property type they primarily lend against is SFR, Automotive, Multi Family, Office, Industrial, Retail, Mixed use, Daycare, Mobile Home Park, Restaurant, Self-Storage, Special-Use, Warehouse and 2-4 Units. Their minimum loan amount is $100,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 5 years. Maximum duration of 5 years;6 years;7 years;10 years;20 year;25 years;30 yrs. Although rates can change they are typically lending at a minimum rate of 9%. Maximum interest rate of 7%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 2.
These descriptions are limited information and meant for general reference purposes.