Bridge Loan
1sts , 2nds , construction, mid construction - LG517
1sts , 2nds , construction, mid construction - LG517
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Condo, Industrial, Land Entitled, Mixed use, Multi Family, Office, Retail, Self-Storage, Senior Care - Commercial Property, SFR, Shopping Center, Special-Use, Strip Center, Student Housing, Warehouse |
| Lendding Area | arizona, california, colorado, florida, hawaii, illinois, michigan, nevada, ohio, oregon, tennessee, texas, utah, washington |
| Loan amount Minimum | $200,000 |
| Loan amount Maximum | $50,000,000 |
| Interest Rate Minimum | 9% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 4 |
| Typical Days Required to Fund | 6-10 Business days |
| Interest Only or Amortized | Interest Only |
| Fees | Processing Fee |
| Entities | Individual, LLC - Limited Liability Corporation, Trust, LP - Limited Partnership, Foreign National, Corp - Corporation |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st, 2nd, 3rd |
| Max Points Charge by Broker | No max |
| Prepayment Penalty | No Prepayment Penalty, 6 months |
| Intended Occupancy | Tenant, Vacant, Owner Occupied Business Purpose |
| Fixed or Adjustable | Fixed |
| Special Features | Debtor-in-possession - Chapter 11 BK, Dilapidated - Red Tag, Discounted Note Payoff, Foreign National, Mid-construction, Low liquidity, Partner Buyout, Trust resolutions, Pending Notice of defaults, Partnership buy-outs, Partnership restructuring, Repositioning, Lease Option, Environmental Issues, Non Performing Loan Seller, Note Acquisition |
| Reserve Requirement | 6 months |
| Program Code | LG517 |
These descriptions are limited information and meant for general reference purposes.
