Bridge Loan
Bridge to Small Balance Agency Lending - LG59
Bridge to Small Balance Agency Lending - LG59
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Multi Family |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $7,500,000 |
| Terms | 6 month, 1 year, 18 month, 2 year |
| Typical Days Required to Fund | 31-40 Business days |
| General Pricing or Guideline info | WHY READY CAPITAL? [] Quick closings provide ability to capitalize on opportunity [] Loan terms with extension options provide flexibility [] No exit fee if refinanced with Ready Capital []Future advances to facilitate value-enhancing renovation work [] Able to pivot between bridge and perm program for Tweener deals [] Fast answers with front-end “speed underwriting” [] Certainty of execution - Ready Capital is the B-piece holder |
| Updated as of | 2022-12-29 |
| Program Code | LG59 |
WHY READY CAPITAL?
[] Quick closings provide ability to capitalize on opportunity
[] Loans terms with extension options provide flexibility
[] No exit fee if refinanced with Ready Capital
[]Future advances to facilitate value-enhancing renovation
work
[] Able to pivot between bridge and perm program for Tweener deals
[] Fast answers with front-end “speed underwriting”
[] Certainty of execution - Ready Capital is the B-piece holder
