NON-PRIME COMMERCIAL BRIDGE LOANS
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• No Income Proof Needed
• All Loans are N.I.V.
• No Income Stated on 1003
• No DTI Ratios
• No DSCR calculated on residential properties
• Rates as low as 6.99%
• LTV up to 80%
• Loan Amounts from $1,000,000 – $15,000,000
• Lending to LLC’s, S-Corp, Trust or Individuals.
Property Types Include:
- Condo, Condotels - 2-4 Units
- Office, Retail
• Interest Only Option Available
• Foreign Nationals – OK
• 100% Gift Funds – OK
• Properties with Deferred Maintenance
• Rural Properties
• Short Term and Long-Term Bridge Options are Available
• No source & seasoning of down payment options
Client was a jet parts manufacturer who had won a contract to produce 7500 widgets for the production of several jets. Each part was $2,000. The client owned his building and used it to collateralize a 12-month, interest-only, real estate loan for $15,000,000 to purchase the raw materials. The loan closed in ten days from receipt of complete package.
Client’s business was growing very fast and he was quickly running out of room in the building to meet the demand. Client decided to expand his building by 35% with a $10 Million, 24-Month, Interest-Only Real Estate Loan against the current property. The loan closed in less than fifteen days from the receipt of complete package.
EXAMPLE #: 3
Client’s business was growing very fast and he had a chance to purchase a building but had to act quickly. Client purchased the building with a $15 Million, 36-Month, Interest-Only Real Estate Loan. The loan closed in less than fifteen days from the receipt of complete package.
Ask about our other Commercial Business Financial Products such as SBA, 30 Year Prime Loans, etc!
Contact us to apply.