Bridge Loans
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| Loan Size | $1,000,000 and up |
| Uses | Quick Close /Debt Restructuring Rehab/ Value Add /DIP Cash Out |
| Terms | 12 Months with –Two -6 month renewals |
| Leverage |
Up to80% LTC/ 75% Stabilized Value Purchase Refinance |
| Debt Service | N/A |
| Nonrecourse | Full Recourse –under $5,000,000 |
| Prepayment | 1% Exit Fee/ Interest Prepayment 1-12 months |
| Amortization | Interest Only |
| Rates | 6% to 14% |
| Origination | 1.5 % to 4% points |
| Property Types/Classes |
Any Type A-C Rehab OK |
| Location | Nationwide |
Fixed and Floating Rate Loans of 3, 5, 7, 10 years and fully amortizing loans of 15, 20, 25 years are available. Pricing may vary depending length of loan, LTV, DSCR, property quality and market conditions. Construction financing, mezzanine and equity capital is available for select properties.
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