Commercial Bridge Loan Terms
Florida Bridge Loans | Tallahassee Commercial Refinance
We Offer A Commercial Florida Hard and Private Money Loan Programs for good borrowers with less than perfect credit where the bank is giving you trouble and you can’t qualify. The typical client profile is self-employed but can show income, credit scores from 590 to 670. LTVs to 65% and Rates will typically start at 9%.
- 48 to 72 Turn around time on Loan Commitments on This Program. and Closing Times will be 21 to 30 days.
- Loan To Values: 65%
- Rates 9% to 10.65%
- Terms: 1, 2, 3, 5, 7, 10 years
- NO UPFRONT FEES EVER
- No Out of Pocket Expense (Except Appraisal)
- Case By Case Loans
- 12 Months Of Personal Bank Statements
- Debt To Income Ratios: 50%
- Brokers can make up to 2 points
- Our fees up to 3 points
- Yes we will consider commercial blanket loans
- Purchases you must put down at least 40% down payment
Locations we will fund your Florida Commercial Properties; Tampa, Orlando, Houston, New York, Dallas, Sarasota, Naples, Fort Myers, Boca Raton, Los Angeles, San Digeo, Seattle, Boston, Chicago, Now Orleans, and other cities on a case by case basis.
Documentation Type: Clients usually can provide Full Doc, 2 Years of Income Taxes, Two Years of Business Income Taxes, 12 to 24 Months of personal and business bank statements, 3-year profit and loss statement, and 2 years of rent rolls.
You can expect up to 21 to 30 day funding times for extended underwriting review but better rates and terms than the straight commercial hard money programs.
Good Program for Florida Commercial Refinances, when you’re trying to get cash out to purchase more inventory, expand your commercial business, consolidate debt, or purchase more commercial properties.