Small Balance Bridge Loan
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|
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.
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.|