High Leverage Non-Recourse Loans

 

Large Non-Recourse Bridge/Construction Loans w/ High Leverage!


Fico: 

The lender is not fico driven but any fico challenges need to make sense.


Loan Terms:   

  1-3 years, interest only. Can sometimes go longer than 3 years


Loan Size:          

$5-75 million. The sweet spot is 15-40 Million


Max LTV/LTC: 

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


Pre-Payment Penalty: 

No PPP. Lender sometimes charges 1 point as an exit fee


Use of Funds:                       Purchase & Refinance


Origination Fee:                   1 point to the lender


Territory:   

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


Special:

This lender focuses on value-add bridge loans. These are NON RECOURSE loans! Lender likes when the property has multiple tenants.


 

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