Residential Bridge Loan

 

Loan Size

From $500,000 to $2.5 Million

Location Urban and suburban US properties nationwide excluding Nevada
Collateral 1-4 unit residential, non-owner occupied
Rates 8.99% - 9.99% and 3+ points
Terms Up to 2 years
Max LTV
50%
Max Loan to
Purchase Price
50%
Max Loan to After Renovated Value 50%
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.