Bridge Loans

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  Acquisition, Construction, Restructuring and Refinancing 

LOAN AMOUNT: $100,000 and up.

BORROWER: Management and/or ownership should be experienced and should have strong liquidity.

LOAN TERM : 1 to 5 years, interest only (interest reserve allowed).

PREPAYMENTS: Loans may be prepaid at any time after the first anniversary of the loan with no prepayment penalties.

INTEREST RATE: 1-3 Month LIBOR index plus 400 - 900 bps

COLLATERAL: First mortgage on land, office, multifamily, special purpose properties, mixed used, retail strip malls, regional shopping centers, recreational, medical, warehousing, manufacturing, self-storage, hospitality (hotel/motels) or industrial properties, etc. -?  income-producing, located anywhere in the USA and select countries around the world.  

DSCR Minimum: 1.05   

L-T-V RATIO: 50% to 75% of As-Is Value by independent third party MAI appraisal.

USE OF LOAN: Proceeds may be used for land development, real estate acquisition, construction costs, equipment, working capital and closing costs (cash-out considered case by case).

PROCESSING: Approvals within 48 hours, commitments within 72 hours, and closings in as little as 30 business days.

EXIT FEE: In lieu of equity, a fee of 0% to 3.0% of the loan amount.
OTHER COSTS: Application Fee: $15,000 - $25,000 -- NON-REFUNDABLE if Loan Commitment is in compliance with lender?s Letter of Interest.

COMMITMENT FEE: Typically 2.0%-6.0%% of Loan Amount.

**  As-Is Value defined as a cash sale within a 180-day marketing period

• Commercial Loans /  Construction Loans / Residential Loans (for business use)
• All types of borrowers / All types of real estate considered