Bridge / Hard Money Loans

These loans are for customers that need temporary financing until they can acquire permanent funding. These loans in most cases have a very short term and a high interest rate.

WE CAN CLOSE IN 7 DAYS!

Guidelines / Requirements

–          Credit score is not a factor

–          LTV 45% – 65% cases by case

–          Exit strategy has to be solid / concrete

–          Will lend on the following

A)      Real estate ( All types )

B)      Land

–          Cash flow is a cases by case scenario

–          Loan amount – $500k – $1 billion

Terms

–          1 – 5 years (Based on the project) Balloon note at the end of the term

–          Interest rate – 10% – 15.99%

–          Monthly payments are interest only

–          No pre-payment penalty ( In most cases )

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