Bridge Loan
Business Purpose Loans
Program #LG399
Business Purpose Loans
Program #LG399
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Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | 2-4 Units, Condo, SFR |
Lendding Area | california |
Loan amount Minimum | $150,000 |
Loan amount Maximum | $1,500,000 |
Interest Rate Minimum | 10% |
Interest Rate Maximum | 14% |
Points Minimum 1st TD | 3 |
Points Maximum 1st TD | 5 |
Terms | 1 year, 2 year, 3 year |
Interest Only or Amortized | Interest Only |
Fees | Processing Fee |
Lien Position | 1st |
Prepayment Penalty | 3 months, 6 months |
Intended Occupancy | Non-owner occupied, Owner Occupied Business |
General Pricing or Guideline info | Business Purpose Loans Non-Owner, Owner Occupied Property (Purchase & Refinance) TERM: 1 to 3 years - Interest Only (Longer case by case) RATE: 10% - 14% PREPAY PREMIUM: 3 - 6 months LTV: 65% - 75% POINTS* & FEES: 3 - 5 pts Plus $2590 (Processing, Doc Prep, & Underwriting) |
Updated as of | 2024-01-11 |
Business Purpose Loanss
Non-Owner, Owner Occupied Property
(Purchase & Refinance)
TERM: 1 to 3 years - Interest Only
(Longer case by case)
RATE: 10% - 14%
PREPAY PREMIUM: 3 - 6 months
LTV: 65% - 75%
POINTS* & FEES: 3 - 5 pts Plus $2590
(Processing, Doc Prep, & Underwriting)
- Ken Walker