Commercial Bridge Loans
About Commercial Bridge Lending
Our program helps you get money fast to buy or improve properties with multiple units or mixed-use spaces. We take care of everything in one place, making it easy for you to build your property collection.
Commercial Bridge Loan Details
Interest Rate:
Rates Starting at 9.49%
Max Loan to Cost:
Up to 85% LTC of Total Project Cost
Property Type:
Select Mixed-Use and Multi-family Properties
Limitations:
No Special Use or Commercial Only Properties
Loan Term:
12 Month Term
Max Loan to ARV:
Up to 75% ARLTV
Loan Size:
Minimum Loan Amount of $500,000
How Interest is Charged:
Interest Charged As Drawn
Frequently Asked Questions
This means that a property with 5 or more living spaces used for businesses or housing and any building with a mixture of commercial and living spaces, can be classified as a commercial multifamily property if the majority of the rental income comes from the living spaces.
To get the loan, the person who wants to borrow money must show that they have experience investing in commercial properties. We also want to work with someone who has good credit and enough money to pay back the loan. We will only give a maximum of 70% of the property’s value as a loan. In some cases, we may give up to 75%.
We can lend you most of the money to buy the property (up to 80%) and all of the money for construction (100%), as long as the total loan is no more than 70-75% of the property’s value. You’ll need to provide the remaining 20-25% of the money to buy the property yourself.
We have different choices for loans on mixed-use and multifamily properties. We provide terms from 5-30 years and you can borrow up to 75% of the property value for buying or refinancing. If you have enough equity left after paying off your mortgage, we have an option for cashout refinancing.