Bridge Loan
Program #LG558
Program #LG558
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.
