Bridge Loan
Foreclosure Bailout
Program #LG426
Foreclosure Bailout
Program #LG426
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
