Bridge Loans - A bridge loan is a short-term, first or second mortgage loan ( Mezzanine ) on commercial property and residential rental properties.The term could be from 6 months to 3 years. The interest rate on bridge loans is typically much higher than on permanent loans which can be from 6% to 12% and in most cases closes in 7 to 21 days.
BRIDGE / HARD MONEY LOAN
If you have a loan that has been declined by traditional bank, please try it with us.
Loan size: - From $100,000 to 275,000,000 million.
Property types: - All types considered
Terms: - 1 to 3 year loans with extension options.
Interest rates: - From 6.9% to 12%
Up to - 75% LTV
Fees: - 2% and up.
Uses of Proceeds: Acquisition, restructuring, discounted payoffs, purchase of notes, improvements and development.