Bridge Loan
Private Money
Program #LG489
Private Money
Program #LG489
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Agriculture, Automotive, Bar, Cannabis Related, Car Wash, Church, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $1,000,000 |
| Interest Rate Minimum | 11% |
| Interest Rate Maximum | 13% |
| Points Minimum 1st TD | 3 |
| Points Maximum 1st TD | 4 |
| Terms | 30 due in 15 fixed for 5 |
| Credit Score Min | 600 |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Documents needed | Tax Returns - Business - 2 years |
| Recourse | Recourse |
| Updated as of | 2022-01-01 |
These descriptions are limited information and meant for general reference purposes.
- Alicia Gandy
