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Lendmarq

Bridge Loan
Purchase - LG140

Lendmarq

Summary of all Guidelines

Loan Types Bridge Loan
Property Types 2-4 Units, Condo, SFR, Townhome
Lendding Area arizona, california, colorado, connecticut, d-c, florida, georgia, illinois, indiana, kansas, kentucky, maryland, massachusetts, minnesota, mississippi, montana, nevada, new-jersey, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, south-carolina, tennessee, texas, virginia, washington, west-virginia
Loan amount Minimum $100,000
Loan amount Maximum $3,000,000
Interest Rate Minimum 10.5%
Interest Rate Maximum 11.75%
Points Minimum 1st TD 1.5
Points Maximum 1st TD 5
Terms 1 year, 18 month, 2 year
Credit Score Min 660
Interest Only or Amortized Interest Only
Entities LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Individual, Trust
Lien Position 1st
Intended Occupancy Vacant, Tenant
Updated as of 2023-05-01
These descriptions are limited information and meant for general reference purposes.