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 constraints, special financing needs, needed to secure working capital and customized for many different situations.|
|Up to 70% LTV|
|Rates starting at 7.5% – Interest Only|
|12, 24, 36 month|
|Nationwide (in major markets)|
|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
|1. Executive Summary|
|2. A Complete 1003 and Personal Financial Statement for all Borrowers|
|3. Current Trimerge Credit Report (within 30 days)|
|4. Color Pictures of Subject Property|
|5. Rent Roll|
|6. Operating Statement (Last 2 Years and Year to Date)|