Bridge Loan
California Bridge
Program #LG133
California Bridge
Program #LG133
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Airbnb, Automotive, Cannabis Related, Condo, Gas Station, Industrial, Mixed use, Multi Family, Office, Place of Worship, Retail, Self-Storage, Senior, SFR, Single Room Occupancy, Strip Center, Warehouse |
| Lendding Area | california |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 8% |
| Interest Rate Maximum | 11% |
| Terms | 1 year, 18 month, 2 year |
| Typical Days Required to Fund | 20-30 Business days |
| Interest Only or Amortized | Interest Only |
| Entities | LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Foreign Nationals |
| Lien Position | 1st |
| General Pricing or Guideline info | Stated income – no tax returns! • Vacant properties with no operating history • Owner occupied SFR’s OK (business purpose only) • Most loans close in 10 or less working days • Up to 60% LTV (CLTV up to 80%) |
| Updated as of | 2023-03-28 |
Stated income – no tax returns!
• Vacant properties with no operating history
• Owner occupied SFR’s OK (business purpose only)
• Most loans close in 10 or less working days
• Up to 60% LTV (CLTV up to 80%)
- Barry Judis
Broker Associate
