Bridge Loan
Commercial Loan - LG372
Commercial Loan - LG372
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Agriculture, Mixed use, Multi Family, Office, Retail, SFR |
| Lendding Area | arizona, california, idaho, oregon, texas, washington |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $2,500,000 |
| Interest Rate Minimum | 9% |
| Interest Rate Maximum | -% |
| Terms | 1 year, 2 year, 3 year, 4 year, 5 year |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty, 5,4,3,2,1 |
| Intended Occupancy | Tenant, Owner Occupied Business Purpose |
| Recourse | Recourse and Non Recourse available |
| Reserve Requirement | None |
| General Pricing or Guideline info | Commercial Real Estate Loans •Loans up to $2.5 MM •$100,000 minimum loan •First liens only LTV And Valuation •50% LTV •Appraisals required on loans greater than •$250,000 (appraisal can come after close of escrow for fast closing) At these rates, we will be conservative on valuations. We will consider slightly higher LTVs at slightly higher rates. Rates Your Best Properties for Our Best Rates These are 2-year step loans. •Year 1 – 8.99% •Year 2 – 9.99% •LTV 50% Property Types Class “A” properties in select California Coastal markets, Commercial and NOO residential properties: •Non-Owner Occupied Residential •Retail •Office •Mixed-Use •Multi-Family We will make some exceptions, especially if the property is owner occupied commercial. |
| Updated as of | 2024-05-29 |
| Program Code | LG372 |
Commercial Real Estate Loanss
•Loanss up to $2.5 MM
•$100,000 minimum loan
•First liens only
LTV And Valuation
•50% LTV
•Appraisals required on loans greater than •$250,000 (appraisal can come after close of escrow for fast closing)
At these rates, we will be conservative on valuations. We will consider slightly higher LTVs at slightly higher rates.
Rates
Your Best Properties for Our Best Rates These are 2-year step loans.
•Year 1 – 8.99%
•Year 2 – 9.99%
•LTV 50%
Property Types
Class “A” properties in select California Coastal markets, Commercial and NOO residential properties:
•Non-Owner Occupied Residential
•Retail
•Office
•Mixed-Use
•Multi-Family
We will make some exceptions, especially if the property is owner occupied commercial.
