Bridge Loan
Speedy Residential Investment Loan - LG290
Speedy Residential Investment Loan - LG290
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | california |
| Loan amount Minimum | $750,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 3.75% |
| Terms | 1 year, 18 month |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | - Interest Rate: Minimum 3.75% over WSJ Prime. - Maximum LTV: 70% As-Is Value. - Lender Loan Fee: Varies. - DSCR: Interest Reserve Available. - Non-Recourse: possible for qualifying transactions. - Funding may including: Purchase Cost, Refinance. - Cost, Interest Reserve, Cash-Out. |
| Updated as of | 2023-10-17 |
| Program Code | LG290 |
- Interest Rate: Minimum 3.75% over WSJ Prime.
- Maximum LTV: 70% As-Is Value.
- Lender Loans Fee: Varies.
- DSCR: Interest Reserve Available.
- Non-Recourse: possible for qualifying transactions.
- Funding may including: Purchase Cost, Refinance.
- Cost, Interest Reserve, Cash-Out.
