Bridge Loan financing is available for projects that need short-term financing to "bridge" various situations. This mortgage funding can be used to acquire or refinance properties, and for construction and improvement purposes.
Property Types:
- Retail
- Office
- Industrial/Light Manufacturing
- Multi-Family
- Mobile Home Parks
- Self-Storage
- Motel
- All other owner-occupied commercial or income producing properties considered
Loan to Value:
80% LTV maximum.
Loan Amounts:
$500,000 to $10,000,000
Loan Term:
2, 3 4 or 5 year term.
Interest Rate Information
The loan will be "interest only" based on a spread over the 10-year T-Bill. The exact spread will be determined after full underwriting.
Contact us for estimated pricing based on that day's index.
Prepayment Penalty
Yes. All programs have some prepayment penalty.
We will work to determine which fits the borrower's timeframe and goals.
Secondary Financing
Not permitted.
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