Bridge Loan
Foreclosure Bailout
Program #LG426
Foreclosure Bailout
Program #LG426
![Bull Venture Capital](https://lendding.com/wp-content/uploads/2024/09/2087398000074344006_accounts_photo-150x99.png)
Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | 2-4 Units, Cannabis Related, Condo, Mixed use, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $150,000 |
Loan amount Maximum | $2,000,000 |
Interest Rate Minimum | 8.75% |
Interest Rate Maximum | 14.75% |
Terms | 6 month |
Typical Days Required to Fund | 6-10 Business days |
Credit Score Min | 400 |
Interest Only or Amortized | Interest Only |
Fees | Underwriting |
Cross Collateralize Blanket | Yes, No |
Lien Position | 1st, 2nd |
Max Points Charge by Broker | 2 |
Intended Occupancy | Tenant, Vacant, Owner Occupied Business Purpose |
Fixed or Adjustable | Fixed |
Recourse | Recourse |
Reserve Requirement | 3 months |
Updated as of | 2024-02-13 |
These descriptions are limited information and meant for general reference purposes.
- Walter Fernandez