Bridge Loan
Program #LG558
Program #LG558
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Summary of all Guidelines | |
Loan Types | Bridge Loan |
Property Types | 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Car Wash, Carwash, Church, Condo, Daycare, Entertainment Venue, 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 | nevada |
Loan amount Minimum | $50,000 |
Loan amount Maximum | $5,000,000 |
Interest Rate Minimum | 12% |
Points Minimum 1st TD | 2 |
Terms | 6 month, 9 months, 1 year, 18 month, 2 year, 3 year, 4 year, 5 year, 10 year, 7 year, 15 year, 20 year, 25 year, 30 year, 35 year, 40 year |
Typical Days Required to Fund | 5 Business days or less |
Interest Only or Amortized | Amortized and Interest Only Options available |
Fees | Processing Fee |
Entities | Corp - Corporation, Foreign National, Individual, LLC - Limited Liability Corporation, LP - Limited Partnership, Partnership, Trust |
Extensions Available | Considered based on Performance |
Cross Collateralize Blanket | Yes |
Lien Position | 1st, 2nd, 3rd, 4th or subsequent |
Prepayment Penalty | No Prepayment Penalty |
Intended Occupancy | Tenant, Vacant, Owner Occupied Business Purpose |
Fixed or Adjustable | Fixed |
Special Features | 1031 Exchange, Lease Option, Note Acquisition, Blanket Portfolio, Low liquidity, Partner Buyout, Repositioning, Performing collateral assignment, Trust resolutions |
Reserve Requirement | None |
These descriptions are limited information and meant for general reference purposes.