Long Term Commercial Loan
California Bridge
Program #LG134
California Bridge
Program #LG134
![Lantern Financial Corp.](https://lendding.com/wp-content/uploads/2024/09/2087398000008268266_accounts_photo.png)
Summary of all Guidelines | |
Loan Types | Commercial Loan |
Property Types | 2-4 Units, Airbnb, Cannabis Related, Condo, Gas Station, Industrial, Land Entitled, Mixed use, Multi Family, Office, Place of Worship, Retail, Self-Storage, Senior, SFR, Single Room Occupancy, Strip Center, Warehouse |
Lendding Area | california |
Loan amount Minimum | $50,000 |
Loan amount Maximum | $2,000,000 |
Interest Rate Minimum | 8% |
Interest Rate Maximum | 11% |
Terms | 20 year |
Typical Days Required to Fund | 20-30 Business days |
Interest Only or Amortized | Interest Only |
Entities | LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Foreign Nationals |
Lien Position | 1st |
General Pricing or Guideline info | Stated income – no tax returns! • Vacant properties with no operating history • Owner occupied SFR’s OK (business purpose only) • Most loans close in 10 or less working days • Up to 60% LTV (CLTV up to 80%) |
Updated as of | 2023-03-28 |
Stated income – no tax returns!
• Vacant properties with no operating history
• Owner occupied SFR’s OK (business purpose only)
• Most loans close in 10 or less working days
• Up to 60% LTV (CLTV up to 80%)
- Barry Judis
Broker Associate