Bridge Loan
California Lending Guidelines - LG315
California Lending Guidelines - LG315
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | california |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $4,000,000 |
| Interest Rate Minimum | 8.5% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 3 |
| Terms | 1 year, 2 year, 3 year, 4 year, 5 year |
| Typical Days Required to Fund | 6-10 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st, 2nd, 3rd |
| Prepayment Penalty | 6 months |
| Intended Occupancy | Tenant, Owner Occupied Primary Residence |
| Fixed or Adjustable | Fixed |
| General Pricing or Guideline info | CALIFORNIA LENDING GUIDELINES Same Day Quotes, Quick Funding (generally 10 business days). Loan Types: Business/Investment Purpose Loans/Loans to LLCs and Corporations Occupancy: OO and NOO Lien Position: First, Second and even Thirds Property Types: Residential (1-4 Units) and some Commercial. LTV: Residential – MAX 65% purchase, MAX 60% refi (LTV 65% may be considered with pride of ownership properties and higher credit score borrowers.) FICO: All FICO Scores work, or No FICO score considered Loan Size: $50,000-$4,000,000 Borrower Types: natural persons, Trusts, LLCs, Corps We offer Foreign National Loans Interest Rates: start at 8.50%. Loans are Interest Only Origination Fees to Val-Chris: Typically 2-3%. All loans are Stated Income/Assets. No tax returns, Bank Statements, VOEs, VODs. Loan Term: 1-5 years. Prepayment Protection Period: Generally 6 months (can be negotiated). Appraisals Required (BPOs may be accepted for very low LTV loans on a case by case basis). |
| Updated as of | 2023-11-10 |
| Program Code | LG315 |
CALIFORNIA LENDING GUIDELINES
Same Day Quotes, Quick Funding (generally 10 business days).
Loans Types: Business/Investment Purpose Loanss/Loanss to LLCs and Corporations
Occupancy: OO and NOO
Lien Position: First, Second and even Thirds
Property Types: Residential (1-4 Units) and some Commercial.
LTV: Residential – MAX 65% purchase, MAX 60% refi (LTV 65% may be considered with
pride of ownership properties and higher credit score borrowers.)
FICO: All FICO Scores work, or No FICO score considered
Loans Size: $50,000-$4,000,000
Borrower Types: natural persons, Trusts, LLCs, Corps
We offer Foreign National Loanss
Interest Rates: start at 8.50%. Loanss are Interest Only
Origination Fees to Val-Chris: Typically 2-3%.
All loans are Stated Income/Assets. No tax returns, Bank Statements, VOEs, VODs.
Loans Term: 1-5 years.
Prepayment Protection Period: Generally 6 months (can be negotiated).
Appraisals Required (BPOs may be accepted for very low LTV loans on a case by case
basis).
