Bridge Loan
Bridge Loan
Program #LG345
Bridge Loan
Program #LG345
![Atlas Hospitality Group](https://lendding.com/wp-content/uploads/2024/09/2087398000071131001_accounts_photo.png)
Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | Gas Station, Hotel, Mixed use, Motel, Multi Family, Special-Use |
Lendding Area | arizona, california, colorado, idaho, montana, nevada, new-mexico, oregon, utah, washington, wyoming |
Loan amount Minimum | $500,000 |
Loan amount Maximum | $20,000,000 |
Interest Rate Minimum | 10% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 3 |
Terms | 1 year, 2 year |
Typical Days Required to Fund | 20-30 Business days |
Interest Only or Amortized | Interest Only |
Lien Position | 1st |
Max Points Charge by Broker | 3 |
Prepayment Penalty | 1 year |
Documents needed | Operating Statement - Year-to-Date, Rent Roll, Tax Returns - Business - 2 years |
Recourse | Recourse |
Updated as of | 2024-03-20 |
These descriptions are limited information and meant for general reference purposes.
- Billy Walls