Bridge Loan
Extended Bridge Loan - LG289
Extended Bridge Loan - LG289
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Industrial, Mixed use, Multi Family, Office, Retail, SFR, Special-Use, Warehouse |
| Lendding Area | california |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $8,000,000 |
| Interest Rate Minimum | 3% |
| Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year, 4 year, 5 year |
| Lien Position | 1st |
| General Pricing or Guideline info | - Interest Rate: Minimum 2.75% over WSJ Prime (Limited Time Offer). - Maximum LTV: Income Property – 75% House/Condo/Apartment – 80% Special Purpose (refinance) – 70% Special Purpose (purchase) – 75% - Repayment: P+I based on a 25-year amortization schedule. - Lender Loan Fee: Varies. - DSCR: Minimum 1.0x may consider exception. |
| Updated as of | 2023-10-17 |
| Program Code | LG289 |
- Interest Rate: Minimum 2.75% over WSJ Prime (Limited Time Offer).
- Maximum LTV:
Income Property – 75%
House/Condo/Apartment – 80%
Special Purpose (refinance) – 70%
Special Purpose (purchase) – 75%
- Repayment: P+I based on a 25-year amortization schedule.
- Lender Loans Fee: Varies.
- DSCR: Minimum 1.0x may consider exception.
