Stated Income on Bridge Loan Program
$1,000,000 to $5,000,000

Structured financing, customized for value-added projects nationwide.

 Class I

 Multifamily and Mixed-Use
70% Max LTV - LTC 75%

Class II

  Office, Retail, Warehouse,
Self-Storage,
 Auto Service
(no gas stations)

 65% Max LTV -  LTC 70%

Transaction Type: Property Acquisitions, Repositioning & Recapitalizations

Loan Amounts: $1,000,000 to $5,000,000

Amortization/Term: Interest only / 2 - 3 year initial term, with 12 month extensions available

Prepayment Penalty: 5 % for 1 year. No penalty thereafter.

Recourse: Generally required, depending on leverage, sponsorship, & capital structure

Experienced sponsorship required

Impounds for property taxes and insurance required

No secondary financing allowed

Extensions subject to no events of default & property review

Nationwide program, major metro areas preferred

 

Stated Income on Bridge Loan Program