Rehab Loan
Commercial Bridge
Program #LG567
Commercial Bridge
Program #LG567
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, SFR, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse |
| Lendding Area | alabama, arizona, arkansas, colorado, connecticut, d-c, 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, wisconsin, wyoming |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $3,000,000 |
| Terms | 1 year |
| Fees | Processing Fee |
| Intended Occupancy | Tenant, Non-owner occupied |
Commercial Bridge Financing
Providing short-term, non-recourse bridge and mezzanine loans nationwide on transitional, value-add and event-driven commercial and multifamily real estate.
Program Overview
Purpose: Interim financing for completed or nearly completed home inventory
Terms (up to): 12 months
Loans Amounts:
• Min Loans Amount: $500,000
• Max Loans Amount Per Unit: $3,000,000 • Max Loans Amount: $20,000,000
Total Units per Loans: Multiple properties per loan allowable if in the s a m ejurisdiction
LTC: N/A
As Repaired / Improved LTC: < 70%
Property Type:
• Single Family
• Condo
• 2-4 Unit Properties
• Townhouses
Land only not allowed
- Jon Cosentino
