Commercial Bridge Loans PROPERTY TYPES: All property types considered, except owner-occupied residential.
LENDING AREA: USA focused on Major Metro areas
LOAN SIZE: From $250,000 to $25,000,000+ – some exceptions made
AMORTIZATION: Interest only
INTEREST RATE: 6.00% – 11.00%
LOAN-TO-VALUE: Up to 85%
ORIGINATION FEE: 1% – 2% of the loan amount
PREPAYMENT PENALTY: No prepayment penalty, although typically a short interest guarantee
RECOURSE: Typically, there will be recourse to Sponsors
EXPENSE DEPOSIT: Adequate to cover third-party reports, legal fees, and customary expenses
CLOSING TIME: Typically within 10 business days
We are a direct private money lender. All lending decisions are made in-house.