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Sharestates

Bridge Loan
- LG261

Sharestates

Summary of all Guidelines

Loan Types Bridge Loan
Property Types 2-4 Units, Mixed use, Multi Family, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $100,000
Loan amount Maximum $75,000,000
Terms 6 month, 9 months, 1 year
Credit Score Min 620
Interest Only or Amortized Interest Only
Entities LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation
Lien Position 1st
General Pricing or Guideline info - All properties are required to have a full conforming appraisal. - Minimum Experience: Similar project within the last 3 years. - Bankruptcy: Not within the last 4 years and no other derogatory payments. - No amortizing loans permitted. - Loan Purpose: Value Add, Purchase, and Cash-Out Refinance. - Liquidity Requirements: 3 months of interest payments + portion of the rehab loan not funded in the loan. - Max Term: 24 months + up to two 6 months extensions. - ARV: 70%
Updated as of 2023-11-10

- All properties are required to have a full conforming appraisal.
- Minimum Experience: Similar project within the last 3 years.
- Bankruptcy: Not within the last 4 years and no other derogatory payments.
- No amortizing loans permitted.
- Loans Purpose: Value Add, Purchase, and Cash-Out Refinance.
- Liquidity Requirements: 3 months of interest payments + portion of the rehab loan not funded in the loan.
- Max Term: 24 months + up to two 6 months extensions.
- ARV: 70%

These descriptions are limited information and meant for general reference purposes.