2nd mortgage 1m and up (Bridge Loan) or 10% of Yearly Business Gross

New Program for businesses.
We will lend 10% of business gross annual sales (minimum business income $1,000,000) and collateralize the loan with RE utilizing 100% CLTV taking 2nd or 3rd lien position on available equity up to loan amount.  Minimum borrower FICO 620 (NO bankruptcies, tax liens or judgments).

Lending Overview:

We provide term loans / lines of credit to well-qualified borrowers nationwide.  Loans are structured based on (creditworthiness, business cash flow and RE collateral).  We will lend in the ranges of $100,000 – $5,000,000+ with term of 1-4 years with monthly payments. The interest rates  are as low as 12% for well-qualified borrowers. Minimal documentation,  and funding timeline in 5-7 business days.
Example:
We will lend 10% of business gross annual sales (minimum business income $1,000,000) and collateralize the loan with RE utilizing 100% CLTV taking 2nd or 3rd lien position on available equity up to loan amount.  Minimum borrower FICO 620 (NO bankruptcies, tax liens or judgments).

Initial Submission:
– Application
– 6-months Bank Statement
– Business Debt Schedule

Full-file Submission (necessary for funding):
– Application
– 12-months Bank Statements
– Business Debt Schedule
– 2017 Tax Returns
– 2018 Financials (P&L, Balance Sheet)
– Real Estate Information (mortgage statement, tax bill, appraisal)

Looking for a first or second position bridge loan?  $1 Million and Up?

Our loans range from $1 mm to $50 mm in size with terms of 1-2 years plus extensions, rates starting at 8.75%, up to 80% LTV

Loan Size $1mm to $50mm
Term 1-2 years plus extensions
Rates Starting at 8.75%
Loan To Value Up to 80%
Origination Fee 2-3%
Security First Mortgage, Second Mortgage, Mezzanine
Funding Time As little as 2 weeks
Amortization Interest only

Loan Types

  • Bridge Loans
  • Mezzanine Loans
  • Renovation Finance
  • Debt Purchases
  • Preferred Equity/Partnership Interest

Asset Types

  • Multifamily
  • Mixed-Use
  • Retail
  • Hotels
  • Offices
  • Parking
  • Industrial
  • Self-Storage
  • Condo
  • Condo Inventory
  • Mobile Home Parks

Funding Uses

  • Acquisitions
  • Re positioning
  • Discounted Payoffs
  • Restructuring
  • Partner Buyouts
  • Note Financing
  • Bankruptcy Resolution