Bridge Loan
Business Purpose Loans
Program #LG399
Business Purpose Loans
Program #LG399
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
