Bridge Financing is useful in a variety of circumstances for short term capital where a traditional lender would not be ideal. These scenarios include but are not limited to the following:
| SUMMARY OF BRIDGE FINANCING TERMS | |
|---|---|
| Lending Area | NY, NJ, PA, CT, FL |
| Property Type: | All Properties |
| Loan Amount: | $1-$20 million |
| Loan-to-Value | Up to 75% |
| Interest Rate | Starting at 8% |
| Amortization | Interest Only |
| Origination Fee | 2% |
| EXPENSE DEPOSIT | $10,000-$40,000 (third party professional fees) |
| Prepayment | Flexible |
| Recourse | Non-Recourse Possible on Income Producing Properties |
| Closing | Two Weeks Possible |
