Bridge Loan
Bridge Plus - LG86
Bridge Plus - LG86
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,000,000 |
| Terms | 1 year, 18 month, 2 year |
| Recourse | Non Recourse |
| General Pricing or Guideline info | Occupancy guidelines – we can close on a property if it is vacant but we will use 90% of market rent to determine the dscr in those situations. Discounted origination fee on refinance >> Draw fee reduced for portfolio loans* to $150 per Draw, per Property. ($225 for single asset loans) |
| Updated as of | 2023-01-18 |
| Program Code | LG86 |
Occupancy guidelines – we can close on a property if it is vacant but we will use 90% of market rent to determine the dscr in those situations.
Discounted origination fee on refinance
>> Draw fee reduced for portfolio loans* to $150 per Draw, per Property. ($225 for single asset loans)
These descriptions are limited information and meant for general reference purposes.