Bridge Loan
6 month to 5 year
Program #LG497
6 month to 5 year
Program #LG497
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Assisted Living, Automotive, Bar, Car Wash, Condo, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Medical Facility, Medical Office, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Shopping Center, Strip Center, Warehouse |
| Lendding Area | Alabama, Arkansas, Colorado, Connecticut, D.C., Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 11% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 5 |
| Terms | 6 month, 1 year, 2 year, 3 year, 4 year, 5 year |
| Typical Days Required to Fund | 6-10 Business days |
| Fees | Appraisal |
| Cross Collateralize Blanket | Yes |
| Intended Occupancy | Owner Occupied Business Purpose, Tenant, Vacant |
| Recourse | Recourse and Non Recourse available |
| Updated as of | 2024-04-06 |
These descriptions are limited information and meant for general reference purposes.
- Jack Miller
- Michael Kelman
