Bridge Loan
Land
Program #LG267
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Land Entitled, Land Non-Entitled |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $3,000,000 |
| Interest Rate Minimum | 14% |
| Points Minimum 1st TD | 6 |
| Terms | 6 month, 9 months, 1 year |
| Typical Days Required to Fund | 11-15 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Updated as of | 2024-02-20 |
These descriptions are limited information and meant for general reference purposes.
- Jeff Luker
CHIEF OPERATIONS OFFICER
