Bridge Loan
Asset-Based Loan - LG292
Asset-Based Loan - LG292
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 |
| Program Code | LG292 |
- 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.
