Bridge Loan
Bridge
Program #LG653
Bridge
Program #LG653
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Industrial, Land Entitled, Retail, Self-Storage, SFR, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $350,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 12% |
| Points Minimum 1st TD | 2.5 |
| Terms | 1 year |
| Credit Score Min | 620 |
| Entities | LLC - Limited Liability Corporation |
| Lien Position | 1st |
| Max Points Charge by Broker | 2 |
| Prepayment Penalty | 6 months |
| Reserve Requirement | 6 months |
| General Pricing or Guideline info | Land (up to 50% LTV, fully entitled, & on case by case basis) A&D (50% on Acquisition and 60-65% on Development) |
| Updated as of | 2024-09-11 |
Land (up to 50% LTV, fully entitled, & on case by case basis)
A&D (50% on Acquisition and 60-65% on Development)
These descriptions are limited information and meant for general reference purposes.
- Chris Ashkouti
