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.