Bridge Loan
Land Loan - LG291
Land Loan - LG291
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Land Entitled, Land Non-Entitled |
| Lendding Area | california |
| Loan amount Minimum | $750,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 4% |
| Terms | 6 month, 9 months, 1 year |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | - Amount: $750,000 to $2,000,000 (may consider > $2MM on a case by case basis). - Property Types: Vacant land. - Interest Rate: Minimum 3.99% over WSJ Prime. - Lender Loan Fee:Varies. - DSCR: Interest Reserve Available. - Funding may include: Purchase Cost, Refinance Cost, Interest Reserve, Land Development Cost. |
| Updated as of | 2023-10-17 |
| Program Code | LG291 |
- Amount: $750,000 to $2,000,000 (may consider > $2MM on a case by case basis).
- Property Types: Vacant land.
- Interest Rate: Minimum 3.99% over WSJ Prime.
- Lender Loans Fee:Varies.
- DSCR: Interest Reserve Available.
- Funding may include: Purchase Cost, Refinance Cost, Interest Reserve, Land Development Cost.
