Bridge Loan
- LG287
- LG287
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 |
| Program Code | LG287 |
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.
