Bridge Loan
Commercial Bridge Loans
Program #LG474
Commercial Bridge Loans
Program #LG474
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Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Church, Condo, Entertainment Venue, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Medical Facility, Medical Office, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Special-Use, Strip Center, Student Housing, Warehouse |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $500,000 |
Loan amount Maximum | $250,000,000 |
Interest Rate Minimum | 6.75% |
Interest Rate Maximum | 13.75% |
Points Minimum 1st TD | 2 |
Points Maximum 1st TD | 4 |
Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year, 4 year, 5 year, 7 year, 10 year, 20 year, 30 year |
Typical Days Required to Fund | 6-10 Business days |
Interest Only or Amortized | Amortized and Interest Only Options available |
Lien Position | 1st, 2nd |
Intended Occupancy | Tenant, Vacant, Owner Occupied Business Purpose |
Recourse | Recourse and Non Recourse available |
Updated as of | 2022-01-01 |
These descriptions are limited information and meant for general reference purposes.
- Mat Piro