Small Balance Bridge Loan

 

Loan Size

From $1 Million to $5 Million

Location Urban and suburban US properties nationwide
Collateral NO LAND Improved income producing commercial properties, multifamily apartments, and single family non-owner occupied
Rates From 7.99% and 3 points
Terms Up to 3 years
Max LTV
70%
Purchase: Value is actual purchase price. If Borrower has 30+% cash down, we'll "stretch" the LTV max.
Refinance: Value is based upon Avatar's opinion of the current market value. Our own review appraiser, along with a principal, will travel to visit each property.
Creative/Flexible
Blanket loans; points and fees wrapped into the loan; multiple income sources considered.
Due Diligence A deposit of $5,000 - $15,000 is required upon acceptance of a term sheet.  The deposit is credited against third party costs of underwriting: fair market value evaluation fee, inspections, site visit, legal costs, escrow, etc.