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Grand Pacific Financial Corp

Bridge Loan
- LG287

Grand Pacific Financial Corp

Summary of all Guidelines

Loan Types Bridge Loan
Property Types 2-4 Units, Industrial, Mixed use, Multi Family, Office, Retail, SFR, Special-Use, Strip Center, Warehouse
Lendding Area california, colorado, texas, washington
Loan amount Minimum $1,000,000
Loan amount Maximum $20,000,000
Interest Rate Minimum 3%
Terms 6 month, 9 months, 1 year, 18 month, 2 year
Interest Only or Amortized Interest Only
Lien Position 1st
General Pricing or Guideline info First Mortgage Bridge Loans on Commercial Real Estate Including: - Short Sales - Distressed and REO acquisitions - Recapitalizations - Transitional (renovation and lease up) properties - Interest Rate: Minimum 2.99% over WSJ Prime. - Maximum LTV: Residential – 80% can base on Stabilized Value/Proforma Value/After-Repair Value (ARV); Commercial- 75% can base on Stabilized Value/Proforma Value/After-Repair Value (ARV). - Maximum LTC: 80% based on Total Project Cost. - Repayment: Interest Only (IO). - Lender Loan Fee: Varies - DSCR: Interest Reserve Available. - Funding may including: Purchase Cost, Refinance Cost, Rehab Cost, Interest Reserve, Tenant Improvement, Cash-Out.
Updated as of 2023-10-16

First Mortgage Bridge Loanss on Commercial Real Estate Including:
- Short Sales
- Distressed and REO acquisitions
- Recapitalizations
- Transitional (renovation and lease up) properties
- Interest Rate: Minimum 2.99% over WSJ Prime.
- Maximum LTV: Residential – 80% can base on Stabilized Value/Proforma Value/After-Repair Value (ARV); Commercial- 75% can base on Stabilized Value/Proforma Value/After-Repair Value (ARV).
- Maximum LTC: 80% based on Total Project Cost.
- Repayment: Interest Only (IO).
- Lender Loans Fee: Varies
- DSCR: Interest Reserve Available.
- Funding may including: Purchase Cost, Refinance Cost, Rehab Cost, Interest Reserve, Tenant Improvement, Cash-Out.

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