A short term Bridge loan can also provide financing for a partner buy out, discounted pay offs, foreclosure purchases and transitional properties.
Nationwide excluding: Alaska, Hawaii, Nevada
Multi-family, mixed use, convenience stores, flagged hotel, fractured condos, gas station, garage/storage, auto repair, light industrial, office buildings, office condos, retail, small commercial, shopping centers and warehouses (other single use/special purpose properties considered on a case by case basis).
$500,000 to $25,000,000
Step Down, Example:5,4,3,2,1 or Yield Maintenance
Min credit score of 680 with no previous bankruptcies, foreclosure/short sale within the last 5 years
Non-Recourse available to key principals except for customary carve outs
Purchase, refinance and cash out, Foreclosure purchases, properties exiting bankruptcy, discounted payoffs.
Adequate Global Cash flow Required