Bridge
Short-term financing typically utilized for the rehabilitation or repositioning of properties.
| Property Type: | All Property Types Considered |
| Loan Minimum: | $750,000 |
| Loan – to – Value: | 75% (Loan-to-Cost 80%) |
| DSCR: | 1.25 Once Stabilized |
| Recourse: | Full (Partial and Nonrecourse Available for Select Products) |
| Fixed Rate Period: | Floating, 6 month, 1 – 5 years |
| Term: | 1 – 5 Years |
| Amortization: | 20 – 30 Years |
| Pre-payment Penalty: | Negotiable |
| Interest Only: | Available |
| Special Programs: | Rehabilitation, Repositioning, Workouts |
