Bridge Loan
Asset-Based Loan
Program #LG292
Asset-Based Loan
Program #LG292
![Grand Pacific Financial Corp](https://lendding.com/wp-content/uploads/2024/09/2087398000000282444_accounts_photo-150x43.png)
Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | 2-4 Units, Industrial, Mixed use, Multi Family, Office, Retail, SFR, Warehouse |
Lendding Area | california |
Loan amount Minimum | $1,000,000 |
Loan amount Maximum | $5,000,000 |
Interest Rate Minimum | 3% |
Terms | 6 month, 9 months, 1 year |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
General Pricing or Guideline info | - Ideal for financing cash out on equity or quick-closing scenarios. - Loan Purpose: Purchase, Refinance, and Cash Out. - Up to 70% LTV on residential properties and up to 65% LTV on commercial properties. - Focuses on the strength of the subject property for quicker closing times. - Possible closing in as quickly as 5-10 business days in some cases. - Suitable for financing non-performing properties. - Options available for DSCR (Debt Service Coverage Ratio) under 1.0X. - Interest Rate: Minimum 2.99% over WSJ Prime (Limited Time Offer). - Lender Loan Fee: Varies. |
Updated as of | 2023-10-17 |
- Ideal for financing cash out on equity or quick-closing scenarios.
- Loans Purpose: Purchase, Refinance, and Cash Out.
- Up to 70% LTV on residential properties and up to 65% LTV on commercial properties.
- Focuses on the strength of the subject property for quicker closing times.
- Possible closing in as quickly as 5-10 business days in some cases.
- Suitable for financing non-performing properties.
- Options available for DSCR (Debt Service Coverage Ratio) under 1.0X.
- Interest Rate: Minimum 2.99% over WSJ Prime (Limited Time Offer).
- Lender Loans Fee: Varies.
- Huey Pan
Vice President