Bridge Loan
Fix and Flip
Program #LG464
Fix and Flip
Program #LG464
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Condo, Mixed use, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 10% |
| Interest Rate Maximum | 13.25% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 3 |
| Terms | 1 year, 18 month |
| Typical Days Required to Fund | 6-10 Business days |
| Credit Score Min | 620 |
| Cross Collateralize Blanket | No |
| Lien Position | 1st |
| Max Points Charge by Broker | 3 |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Tenant, Vacant |
| Fixed or Adjustable | Fixed |
| Reserve Requirement | None |
| Updated as of | 2022-01-01 |
These descriptions are limited information and meant for general reference purposes.
- Walter Fernandez
