LOAN
TERMS
Standard Loan Terms
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Max Loan Amount: $7,000,000
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Max LTV: 85%
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Rate: Starting at 9%
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Term of loan: 12-36 months
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Payments: Monthly Interest Payments with Balloon at Maturity
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Prepayment Penalty: None
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Property Types
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Condominiums
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Single-family residences
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Two to four units
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Multifamily homes
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Townhouses
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Condo-Hotels
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Other property types case by case
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Standard Closing Time
The usual time to close is 5-15 days.
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Standard Closing Costs
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Points: 1-3%
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Underwriting Fee: None
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Legal: $750 – $1,500
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Appraisal Fee: None
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Title Insurance and recording fees: None
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Security is required either in the form of additional cash or asset to be held against the loan origination and or loan term.
Standard Requirements
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Credit Application: None*
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Copy of ID and Borrowing Entity docs
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Purchase Contract (If Purchase)
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Property Insurance
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Material Project / Property Overview and Records
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Some applicants may be required to present additional information.
*Some loans will be determined by applicant credit dependent on type of loan, request and location. Minimum credit score 640.
Our team is dedicated to finding the right-fit loan for your project and your personal financial goal for the project. If you are not sure BRIDGE LENDING is for you drop us a line and we will have one of our experts get back to you to discuss further.
NO FEES UNTIL CLOSING
NO PREPAYMENT PENALTIES
NO APPRAISAL
FEES
This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms, and conditions subject to change without notice. Certain restrictions may apply. All approvals subject to underwriting guidelines. Not all applicants will qualify.
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