Newrepublicfunding.com


Commercial / Industrial Bridge Lending:    


Collateral Type:

Commercial or Industrial; No Land, No Ground Up Construction. 


Lien Position:

1st Position Only


Loan to As-Is Value:

 Up to 75%  Dependant on location, risk, collateral type, and borrower strength.


Loan to After Repair Value: 

Up to 75% Dependant on location, risk, collateral type, and borrower strength.


Rates:

7.99% to 11.99% Dependant on location, risk, collateral type, and borrower strength. 


Points:

2% to 5%


Loan Amounts:

$2,000,000  - $75,000,000


Rehab / Major Rehab Escrow:

Yes. 


Debt to Service Coverage:

Upon Stabilization, the subject property must cover the loan at a 1:1 Ratio. 


Term: 

12 Months with Extension Options. 


Minimum FICO Score:

None


Close of Escrow:

2 Weeks to 4 Weeks


Appraisal Required:

Yes


Other Third Party Reports:

Depends on Deal Structure.


Upfront Fees:

None


Minimum Experience:

None


Prepayment Penalty: 

None

Updated as of August 1st, 2020. 


Hospitality and Retail Deals are accepted on a Case by Case only basis currently due to market conditions. 


No Ground Up Construction. 


No Land. 


NewRepublicFunding.com LLC ISAOA Investors provide up to 75% of the As-Is Value and can escrow for improvements up to 75% of the after repair value minus the initial loan amount funded.