Bridge Loan
Core Bridge - LG359
Core Bridge - LG359
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Assisted Living, Automotive, Bar, Gas Station, Hotel, Industrial, Medical Office, Mixed use, Motel, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Shopping Center, Special-Use, Strip Center, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $5,000,000 |
| Loan amount Maximum | $40,000,000 |
| Interest Rate Minimum | 9.25% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2 |
| Terms | 1 year, 2 year, 3 year |
| Interest Only or Amortized | Interest Only |
| Extensions Available | Yes |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Fixed or Adjustable | Adjustable |
| Recourse | Non Recourse |
| General Pricing or Guideline info | Product Type Markets: Nationwide Loan Size: $5MM - $40MM Term: 12-36 Months Max LTV: 70% Starting Rate: SOFR - 3.95 Origination Fee: 1% Exit Fee: 1% Extension Options: Yes Capex/TILC: 100% Recourse: Non-Recourse Amortization: Interest Only Lockout/Prepayment: No Lockout / 0-12 Month Minimum Interest DSCR Requirement: No DSCR Requirement Debt Yield Requirement: No Debt Yield Requirement Occupancy Requirement: No Occupancy Requirement Features: Core Bridge All Major Commercial Product Types Including Mixed-Use & Special Purpose |
| Updated as of | 2023-11-21 |
| Program Code | LG359 |
Product Type
Markets: Nationwide
Loans Size: $5MM - $40MM
Term: 12-36 Months
Max LTV: 70%
Starting Rate: SOFR - 3.95
Origination Fee: 1%
Exit Fee: 1%
Extension Options: Yes
Capex/TILC: 100%
Recourse: Non-Recourse
Amortization: Interest Only
Lockout/Prepayment: No Lockout / 0-12 Month Minimum Interest
DSCR Requirement: No DSCR Requirement
Debt Yield Requirement: No Debt Yield Requirement
Occupancy Requirement: No Occupancy Requirement
Features: Core Bridge
All Major Commercial Product Types Including Mixed-Use & Special Purpose
