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Lantern Financial Corp.

Long Term Commercial Loan
California Bridge - LG134

Lantern Financial Corp.

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%)

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