Bridge Loan
Land
Program #LG722
Land
Program #LG722
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | Land Entitled, Mobile Home Park |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $3,000,000 |
| Loan amount Maximum | $20,000,000 |
| Interest Rate Minimum | 10% |
| Interest Rate Maximum | 15% |
| Terms | 1 year, 18 month, 2 year |
| Typical Days Required to Fund | 11-15 Business days |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| General Pricing or Guideline info | - Closing Timeline: 10 - 14 Days. - Security: 1st Lien & Other Collateral Positions. - Collateral: Land, Retail, Industrial/Flex, Multifamily, Mixed-Use, Mobile Home Parks, & More. - Use of Funds: Acquisition, Refinance, Cash-Out, Partner Buyout, Redevelopment/Renovation, Tenant Improvements, Bankruptcy Resolution, Pre-Stabilization/Lease-Up, Soft Costs, Working Capital, & More. |
| Updated as of | 2023-10-25 |
- Closing Timeline: 10 - 14 Days.
- Security: 1st Lien & Other Collateral Positions.
- Collateral: Land, Retail, Industrial/Flex, Multifamily, Mixed-Use, Mobile Home Parks, & More.
- Use of Funds: Acquisition, Refinance, Cash-Out, Partner Buyout, Redevelopment/Renovation, Tenant Improvements, Bankruptcy Resolution, Pre-Stabilization/Lease-Up, Soft Costs, Working Capital, & More.
- Mac Helms
Vice President
