Hard Money Lenders123

Low Fee, Low Doc, Hard Money Lenders Easy as 123

1.  What is a bridge loan?

A bridge loan is interim financing for an individual or business until permanent or the next stage of financing can be obtained. Money from the new financing is generally used to "take out" (i.e. to pay back) the bridge loan, as well as other capitalization needs.  Bridge loans are typically more expensive than conventional financing because of a higher interest rate, points and other costs that are amortized over a shorter period.  To compensate for the additional risk, the lender will generally require a lower loan-to-value ratio. On the other hand, bridge loans are typically arranged quickly with very little documentation.

2. What do you charge?

Our rates are highly competitive ranging from 9.9% to just over 14% interest only, two to five points origination fee.   

3. How soon can I get funded?

We can get your loan funded in as little as three days, depending on location and access to the property, and availability of information.

4. What are your loan-to-values (LTVs) limits?

Up to 65% on improved property and up to 50% on land.

5.  Do you make seconds?

Yes, junior financing can be arranged up to 75%.

6.  What type of properties/projects will you fund?

Commercial, industrial, retail, office, mixed-use, affordable housing projects, apartments, residential, churches, schools, and special purpose property.

7.  Are there pre-payment penalties?

No, there are no pre-payment penalties on our loan products.