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Bridge Loan Guidelines
It is important to note that every loan is customized to meet the needs of each borrower, therefore our terms may be flexible beyond what is described below.
Loan size: From $100,000 to $1,500,000
Time to Close: 40 to 50 days
Credit: All credit considered
Loan to Value: Maximum loan amount is 65% LTV and 100% CLTV based on purchase price or appraised value to be determined by underwriting
Loan purposes: Purchase, refinance, cash-out, bridge loan, foreclosure prevention, matured note, operating capital, or financing for vacant building
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Property Types: Multi-Family 5+ units, Warehouse, Light Industrial, Gas Stations, C-Store, Mixed-Use, Office Building, Office Condo, Medical Condo, Stand Alone Building, Triple Net Lease, and other types of commercial buildings may be considered.
Term: 18 - 24 month interest only with no pre-pay penalty, 12 month extension is available with a 2 point fee
Subordination: Seller Seconds' are acceptable with combined loan to value as high as 100% of value
Income Verification: May be waived at our discretion (approvals not based on Debt to Income ratio)
Current Rates: 13.95% to 17.95%
Current Points: 4 to 6
Prepayment Penalty: None
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