Commercial Bridge Loan
Program
Fast & Reliable Funding for your Most Urgent Commercial Bridge Loan Financing Needs
Commercial Bridge Loan Program
- 1.Unique acquisition situations requiring non-conventional financing such as a foreclosure sale or REO
- 2.Sale & Leaseback Scenarios needing a quick closing
- 3.Distressed Sales, IRS Liens, Bankruptcy Resolutions, Debt Consolidation
- 4.Partner Equity Buyouts
- 5.Mortgage Acquisitions and Discounted Mortgage Buybacks
- 6.Rehab & Conversion opportunities which require property stabilization before permanent financing can be obtained
At Hard Money Loan Lender, our commercial bridge loans close quickly… in as little as 14 days at rates starting at 6.25%!
Our commercial bridge loans require no personal income verification and very little documentation instead the underwriting is primarily based on the property itself! The Commercial Bridge loan program is a great way to purchase or refinance a commercial asset which needs a quick closing without the extensive underwriting associated with traditional bank financing. Our commercial bridge loan provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner. and very little documentation!
Program Summary
| Loan Amount: | $250,000 – $250 Million |
| Term Length: | 6 – 36 months |
| Max LTV: | Up to 90% of purchase and 100% of Rehab for Value Added |
| Amortization: | Interest only |
| Interest Rate: | Starting at 6.25% |
| Closing Time: | As little as 14 Days |
| Loan Use: | Purchase, Refinance, Cash-out, Construction, Renovation |
Pro's About Commercial Bridge Loans:
- Quick Closing in 7-14 Days
- Low Rates Starting at 6.25%
- Interest-only payments
- No Occupancy Requirement
- No Income Documentation
- Qualify Based on the Property LTV
What Do I Need To Qualify?
- Simple
- Origination Fee: 1.00% + of the loan amount
- Processing Fee: Based on Project Size
- Underwriting Fee: Based on Project Size
- Pre-payment Penalties: None! (Possible 3+ months of minimum interest earned)
Eligible Properties for Commercial Bridge Loans
Industrial
Retail
Multi Family
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex on one tax parcel. At Hard Money Loan Lender, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000 and greater.
Office
Office is any commercial building housing one or more business paying rent. At Hard Money Loan Lender, we will lend to real estate investors looking to purchase or refinance Office Building properties with loan amounts of $250,000+.
Mixed Use
Hospitality
Other eligible properties include: Student Housing, Self storage, Assisted Living, Gas Stations, Medical Office, Agricultural, Construction
Common uses include: Acquisition, Refinance, Cash-out, Renovation / Construction. Discuss your loan scenario today!
Commercial Bridge Loan
Required Documents for Closing
-
Property
Documents
- Purchase Contract
- Payoff Statement (if Refinance)
- Rent Roll & Leases (T-12 if available)
- Estoppel Certificates & SNDA's
-
Personal
Documents
- Loan Application (Click Here)
- Track Record / Experience / SREO
- Last 3 Months of Bank Statements
- Drivers License and/or Passport
-
Business
Documents
- Articles of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Is a Commercial Bridge Loan Right For Me?
Need to close fast? Hard Money Loans are a great fit!
Benefits of our Commercial Bridge Loans:
- Close in 14 Days
-
Up to 75% LTV
Up to 90% LTV and 100% of Rehab for Value Added - No Income Documentation Requirement
- No Occupancy Requirement
- Low Credit Ok
- No Prepayment Penalty