Bridge Loan
Rental Funding and Bridge Loans
Program #LG579
Rental Funding and Bridge Loans
Program #LG579
Summary of all Guidelines | |
Loan Types | Bridge Loan, Hard Money Loan |
Property Types | 2-4 Units, Condo, Mixed use, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $800,000 |
Loan amount Maximum | $4,000,000 |
Interest Rate Minimum | 10.5% |
Interest Rate Maximum | 12% |
Points Minimum 1st TD | 0.75 |
Points Maximum 1st TD | 2 |
Terms | 2 year |
Lien Position | 1st |
Prepayment Penalty | No Prepayment Penalty |
Fixed or Adjustable | Fixed |
Rental Runding and "Multifamily Bridge loan" are short-term financing options tailored for the acquisition or refinancing for apartments comprising of five or more units.
This loan solution empowers you to capitalize on the reidual income, cash flow, and future appreciation associated with owning such properties. With our mutifamily bridge loan program, you regain control, alowing you to focus on what truly matters, expanding your real estate porfolio.
A Multifamily Bridge Loans is particularly advantageous in the following scenarios:
In situations demanding a swift closing timeframe.
When you can not rely on traditional bank financing
When the property requires renovations.
When the property is not yet stabilized, fully leased, or generating income.
At NGRE Group, our Multifamily loans boast rapid closing times, sometimes as short as 14 days, with rates starting at 9.89%!
Our Multifamily loans necessitate no personal income verification and involve minimal documentation, ensuring a hassle-free process for you.