Bridge Loan
Program #LG334
Program #LG334
![City Bay Capital](https://lendding.com/wp-content/uploads/2024/09/2087398000064328011_accounts_photo.png)
Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | Hotel, Multi Family |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $5,000,000 |
Loan amount Maximum | $100,000,000 |
Terms | 1 year, 18 month, 2 year |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
Recourse | Non Recourse |
General Pricing or Guideline info | - Rates: Starting at 500bps + SOFR. - LTV: Up to 75%, possibly higher with additional collateral. - Term: 1 – 2 years with extension options. - Asset Types: Multifamily, hospitality, and other asset types on a discretionary basis. - Executions: Acquisition, stretch senior, bridge to bridge, value-add, pre-stabilization, discounted payoff, recapitalization, construction completion, and hard money. - Borrower: Special purpose entity owned by qualified investors. |
Updated as of | 2023-11-15 |
- Rates: Starting at 500bps + SOFR.
- LTV: Up to 75%, possibly higher with additional collateral.
- Term: 1 – 2 years with extension options.
- Asset Types: Multifamily, hospitality, and other asset types on a discretionary basis.
- Executions: Acquisition, stretch senior, bridge to bridge, value-add, pre-stabilization, discounted payoff, recapitalization, construction completion, and hard money.
- Borrower: Special purpose entity owned by qualified investors.
- Paul Blanchard