Commercial Business Lenders


2820 Lawndale
Suite 207
Greensboro, NC 27408

ph: 336-233-4285
fax: 206-338-5675
alt: 866-570-8428

BRIDGE LOAN

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