Commercial Bridge
Apply Now For Commercial Bridge Lending
Our commercial bridge program offers you quick access to acquire and improve your multifamily properties over 4 units and also mixed-use properties. Our in-house end to end loan process offers you a streamlined and reliable solution to build your portfolio.
Commercial Bridge
Commercial Bridge Program Details
Interest Rate:
Rates Starting at 11.99%
Max Loan to Cost:
Up to 85% LTC of Total Project Cost
Property Type:
Select Mixed-Use and Multifamily Properties
Limitations:
No Special Use or Commercial Only Properties
Loan Term:
12 Month Term
Max Loan to ARV:
Up to 70% ARLTV
Loan Size:
Minimum Loan Amount of $500,000
How Interest is Charged:
Interest Charged As Drawn
Commercial Bridge FAQ'S
Any 5+ residential units commercial multifamily property and any mixed-use property where the rental income generated from the residential units is greater than 50% compared to the rental income generated from the commercial units.
The borrower must provide documentation of prior experience investing with commercial properties. We also are looking for strong credit and liquidity with our sponsor for the loan. Our max ARLTV is 70% and on a case-by-case basis goes up to 75%.
We will cover up to 80% of the acquisition price and 100% of the construction budget as long as the total loan does not exceed the max ARLTV of 70-75%. The investor would need to bring the remaining 20-25% of the acquisition as money down for this loan program.
Yes, we offer a few options with varying terms from 5-30 years on eligible mixed-use properties and multifamily properties of 5+ units. The LTV of the As-Is Value is 75% for purchase and refinances. There is also a cashout refinance option if there is enough equity built up in the property leftover after paying off the existing mortgage.
