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Long Term Bridge loans.webp

Préstamo Puente
a largo plazo

Drescripción pendiente

Local commercial property

Términos de financiamiento

‣ Max Loan Amount: $5,000,000

‣ Max LTV (Loan to Value): 75%

‣ Rate: Starting at 9%

‣ Loan Term: 30 years

‣ Payment: PITI

‣ Prepayment penalty: 5 years (with option to buy it down)

‣ No minimum credit score required

‣ Closing time: 3 to 4 weeks on average

‣ Second liens are permitted

Requisitos

‣ Credit Application filled and signed

‣ Last 2 bank statements (Of an US bank account)

‣ Copy of ID

‣ Copy of Borrowing Entity documents

‣ Purchase Contract (If the loan entails purchase)

‣ Property Insurance

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