Financing made between a short term loan and a permanent loan, when the borrower needs to have more time before taking the long term financing. Commonly used for construction or rehab projects. Rates are higher than a conventional loans because financing is short term and carries a high risk to the investors.
Bridge Loan Property Types: Multifamily, Office, Industrial, Retail, Hotels Mixed Use, Land, Special Purpose and more.
The program is designed to provide the flexibility of a structured loan while offering the ability to eventually lock into the most favorable permanent financing that exists for individual business needs. We specialize in loans of $1million to $100 million that are designed to solve problems for business with special needs and circumstances.
- Conventional Lending (Bridge Loans) from 9.50% to 10.50% at 2 pts
- Asset Based Lending (Bridge Loans) from 10.99% to 15.99% at 2 pts to 5 pts
- One Week Closing (2 to 24 Hour Turnaround)
- Leverage based on property type and occupancy up to 75% LTV
- Up to 90% LTV (with Additional Collateral)
- Interest Only Payments
- Loan Terms From 6 to 36 Months
We are ready to fund Stabilized Bridge Loans, on all property types with a solid exit strategy and standard market leverage for the asset type. We specialize in Bank turndowns. We have capital ready to inject into all viable projects with common sense underwriting.
We offer loans for any type of real estate situation where a quick closing is needed. Our committee meets virtually 3 times a week, so you can get the money you need fast. With our Bridge Loan you can have the cash you need in a few days.
Apply online today to get the loan process started. If you have any questions about the bridge loans, please feel free to contact us today.