Commercial Bridge Loans
For transactions that need a short-term boost in order to advance to their desired goal. Our lender must be convinced of the exit strategy and the ability to have the debt serviced during the term.
Loan Sizes:
$50,000.00 to $10,000,000.00
Rates:
4%
Term:
Up to 2 years / Interest Only
No Prepayment Penalty
Collateral:
Commercial Real Estate
Secondary Collateral:
Residential / Investment Real Estate, Accounts Receivable, Inventory, Machinery & Equipment
Loan Purpose:
Working Capital, Debt Restructuring, Rehab or Acquisition
LTV:
65% Maximum
Underwriting:
• Primarily based on Collateral Value
• Credit score minimum 500
• No income verified allowed
• Judgements, tax liens paid at closing