High Leverage Non-Recourse Loans
Large Non-Recourse Bridge/Construction Loans w/ High Leverage!
75% LTV on a bridge loan. Sometimes the lender can go higher as well. The lender will fund 100% of the construction as well
Interest Rate: Libor plus 5.0%-7.0%
Property Types: Most commercial properties
Use of Funds: Purchase & Refinance
Origination Fee: 1 point to the lender
Lower 48 States, FYI the lender favors the SW & NW in the United States. The Lender also lends in the major cities in Canada.
Closing Time: 2-3 weeks
This lender focuses on value-add bridge loans. These are NON RECOURSE loans! Lender likes when the property has multiple tenants.