2820 Lawndale
Suite 207
Greensboro, NC 27408
ph: 336-233-4285
fax: 206-338-5675
alt: 866-570-8428
info
If you have a property under contract with escrow funds at risk, or other financing that has fallen through at the last moment, we can step in with a short-term bridge loan to help you complete your transaction.
This financing opens up options, giving time to turn the property at a profit, roll over to our permanent financing, stabilize or implement an alternate strategy.
No credit report required.
Property Types:
Office and Industrial Properties
Multifamily Developments
Condo Conversions
Rental Properties
Retail Locations
Hospitality
Self Storage
Special Use
Assisted Living
Hard Money Loans
$2,000,000 to $50,000,000
available for income producing properties only.
FICO 650+
Interest Rates 10-18%
Origination
Interest Only
LTV >80%
Available for ONLY
Term: 1-3 years
Property Types ONLY:
Apartment Buildings
Mixed Use
Light Industrial
Warehouses
Office Buildings
Hotels (>65%, flagged 3 star+)
Grocery Anchored Retail
Student Housing
Parking Garages
NO CONSTRUCTION or LAND Loans
Maturity: 6 to 36 month
Markets: Nationwide with minimum city population of 250K+
Loan Size: Minimum $1 million to Maximum $20 million
Pricing: Best Rate PRIME plus 5% interest only stabilized DSCR: 1.20+
Rates and points subject to change based on risk
Points: 3-5%
LTV Max: 70%
Exit: Must underwrite to current conventional refinance guidelines at inception or at exit
borrower must have 10% liquidity of requested loan amount
Close Time: 1-4 weeks depending on project
E-Mail
Preliminary Info:
1. Executive Summary of Project (Short Story)
2. Borrower Resume
3. Borrower Financial Statement
4. Address of Property and Pictures
5. Use of Loan Proceeds if Cash Out Refinance
6. Rent Roll if Applicable
7. Appraisal if Available
8. Color Photos of project (email only)
2820 Lawndale
Suite 207
Greensboro, NC 27408
ph: 336-233-4285
fax: 206-338-5675
alt: 866-570-8428
info