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Bridge Loan
Residential Bridge
Program #LG635

Penstock

Summary of all Guidelines

Loan Types Bridge Loan
Property Types 2-4 Units, SFR
Lendding Area NATIONWIDE
Loan amount Minimum $500,000
Loan amount Maximum $10,000,000
Interest Rate Minimum 10%
Points Minimum 1st TD 1
Points Maximum 1st TD 3
Terms 6 month, 9 months, 1 year
Credit Score Min 680
Lien Position 1st

A Bridge loan provides temporary financing for residential properties and does not include funds for rehab or construction.

These descriptions are limited information and meant for general reference purposes.