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