Bridge Loan
Bridge Loans are designed for a short period of time until permanent financing is in place. These loans "bridge the gap" between times when financing is needed.
- Ideal for borrowers that have time restraints, special financing needs, needed to secure working capital and customized for many different situations.
- Up to 70% LTV
- Rates starting at 11%
- 24 - 36 months
- Usually Interest Only
- Nationwide (in major markets)
- Close quickly
- Must have an "Exit Strategy"
Property types include: Mixed-Use, Multi-Family, Office, Retail, Warehouse, Lt. Industrial, Self-Storage, Automotive, Restaurant/Bar, and more.
Needed For Submission
- Executive Summary
- A Complete 1003 and Personal Financial Statement for all Borrowers
- Current Trimerge Credit Report (within 30 days)
- Color Pictures of Subject Property
- Rent Roll
- Operating Statement (investment properties only)