Bridge Loans

Residential, 1-4 unit single-family or 5+ unit multifamily

Has certificate of occupancy ("CO") or local equivalent, TCO may be acceptable

In AZ, NC, SC, TX, or WA - more states planned!

$400,000 - $4,000,000

Minimum credit of 620

Borrower's choice if accrual or current pay.

Borrower's choice, reduces maximum LTV.

- State: AZ, NC, SC, TX, or WA
- Within 3 miles: 50,000+ people OR 5 sales within 12 months at or above 125% of value

-$1,000,000 to $2,000,000 loan size

- Minimum credit: 680.
- Financials: Business or at least 1 guarantor has 1 or or more of these items: (i) $300,000+ of household taxable income in 2 of 3 most recent years; (ii) $10+ million of gross revenue in 2 of 3 most recent years; (iii) $2,000,000+ in publicly traded securities.

- Other: No TCOs, No LTV exceptions

Request a term sheet for greater detail

70% as standard, subject to adjustment if any LTV Exceptions

6 months + 6 month extension option, OR
9 months + 6 month extension option

8.5% interest rate if current pay,
9.0% for interest accrual,
Rate subject to increase for any 1 or more, of the following: if credit below 720; across guarantors, fewer than 10 homes, built and sold in past 10 years; or population project to decline.

6+6 term: greater of 0.6% or $6,000,
9+6 term: greater of 0.75% or $7,500

At borrower's option, 0.5% fee OR WAIVED subject to sale contract with specific deposit requirements per term sheet

Standard appraisal pricing, underwriting fee, and third-party costs (e.g. title expense).

Applied as follows: (1) Repay existing debt. (2) Pay origination and any referral fee. (3) Fund a 6-month interest reserve, waived if accrual. (5) Cash-out up to 10% of the Loan amount, subject to full recourse and no "Appraisal Issue".

Request a term sheet for greater detail