Bridge Loan
Purchase
Program #LG140
Purchase
Program #LG140
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.
- Roland Mills
Wholesale Account Executive Director, Talent Management & Recruitment
