Bridge Loans Made Easy
We have access to a privately-owned equity program that is designed for anyone needing a fast closing and they have credit issues. Loans will usually fund in 2 days once a full package has been received. Our bridge and medium term loan starts at $100,000 and caps at $1,500,000.00. Our loan program will have a maximum loan to value of 50% and payments are interest only for the duration of the loan, with principal being due at maturity.
- Bridge Loan #1 is offered for one year or less at 18% and 6 to 8 points with no prepayment penalty.
- Bridge Loan #2 is offered for up to five years at 18% and 6 to 8 points with a first year prepayment penalty starting at 12% and decreasing by 2% every two months.
Our bridge loans will fund purchases, refinances, credit lines, construction, renovations, project completion and paying off other bridge loans. Most property types will qualify to include: multi-family, single-family, condo and co-op, mixed use, office, warehouse, retail, convenience store, light industrial, gas stations and special purpose properties. This program will lend to individuals, corporations, LLC’s, trusts and estates.
Properties located in the following areas will only be considered:
Delaware, Maryland, District of Columbia, Virginia, North Carolina, South Carolina, Georgia and Florida.
Our lending process is simple:
- No seasoning requirements
- No upfront or commitment fees just a small application of $495
- Summary appraisal required and you pay the appraiser directly
- Minimum credit score of 400
- Little or no documentation required
- All loans must be for business or investment purposes only
