RESIDENTIAL
BRIDGE LOANS

COMMERCIAL
BRIDGE LOANS
RESIDENTAL
BRIDGE LOANS
Acquisitions of
NOTES & PORTFOLIOS

RESIDENTIAL
BRIDGE LOANS

Loan Size: $1,000,000 to $5,000,000
LTV/LTC: Up to 65% LTV of Appraised Value. For purchases the lesser of purchase price or appraised value
Interest Rate:
SFR, Condos Townhomes
2-4 Units
Appartments
8.25%
8.99%
Debt Service: Deal-by-deal basis
Terms: Up to 3 years
Amortization: Interest Only
Recourse: Recourse and Non-recourse available at certain LTV's. All non-recourse loans will required a bad boy carve-out.
Prepayment: 6 Months Lock Up
Loan Purposes: Purchase, Refinance, Cash-Out and Repositioning of Assets
States:
Florida, New York, New Jersey
Origination Fee: Tipically 2% Subject to collateral and sponsorship
Underwriting Fee: Generally, underwriting fees are dependent on the deal size. Expense deposit must be adequate to cover third party reports, legal fees and other customary expenses.
Attributes: Quick closings; simple process, creative structure.
Documents for Submission:    Executive Summary with exit strategies in place
   Personal Financial Statement
   Credit Report
   Previous/ Current Appraisal (if available)
   Photos
Other Products: We acquire all types of residential loans. Resi-scratch and dent, Nationwide, single loans (over $100k) or pools up to $15 million, including pools of foreign national loans. Res NP minimum property value $150k minimum deal size $1 million also nationwide.


Transaction Type

  Opportunistic Acquisitions
  Quick Closing
  Rehab / Renovation
  Tenant Improvement
  Reposition
  Non-Stabilized Properties
  Discounted Payoffs



Property Type

  SFR
  Condos
  Townhomes
  2 - 4 Units