Specialty Bridge Loans- Construction

Non- Conforming (Non- Bankable) loans on commercial properties for:

  • Bridge Loans
  • Bank Workouts. Short Sales
  • Bankruptcies / Foreclosures
  • Limited Income
  • Weak Personal financials
  • Foreign Nationals

Property Type:

  • Retail Buildings, Light Industrial
  • Office Building
  • Mobile Home parks
  • Other Types considered
  • Fast Pre-approvals within 3 to 5 days
  • Deal directly with Loan Officer / Underwriter
  • Fast Closings
  • States available: AK, AL, AR, CA, CO,CT,DE,FL,GA,HI,IA,ID,IN,KS,MA,KY,MA,MD,ME,MI,MO,MS,MT,NC,NE,NJ,NM,NY,OH,OK,OR,PA, RI,SC,TN,TX,UT,WA,WY
  • Loan Size: $100,000 to $2,500,000
  • Rates: 9.95% to 11.95%
  • Fees: 1.50% to 2.50% at par
  • Pre-Payment: Allowed without penalty
  • Term: 1 to 5 years
  • Loan to Value: Typically 55% to 70%, however, up to 75% possible on high quality properties and / or high quality Borrowers cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts).
  • Minimum Cash from borrower. 25.00% down payment on the purchase price plus closing costs.
  • Only Specific States available, call for availability.
  • Rates and terms based on Credit abilities of Borrowing entity and Guarantor, Term of Deal, Size and Risk Review by underwriters.

Alternative Opportunities that Investors require capital including for their lending needs:

Commercial Lot/ Land Loan– designed as a business loan to purchase a commercial lot or refinance a current commercial lot loan, Commercial lots must be eligible for present or future commercial construction.

Loan Features:

  • Loan amounts from $50,000 to $1,500,000
  • Land Purchase up to 55% of the purchase price
  • Cross collateralization allowed on other properties, if needed for maximum loan amounts.
  • No Minimum acreage requirements or maximum limitations
  • Fast Pre- qualification, typically in 3 to 5 days
  • Deal Directly with loan officer/ underwriter
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Up to 3 year terms available
  • Interest Only Payments
  • Rates and terms based on Credit abilities of Borrowing entity and Guarantor, Term of Deal, Size and Risk Review by underwriters.

Land Development Loan (Unimproved raw land for residential or commercial subdivision).

  • Loan Amounts: $100,000 to $1,000,000
  • Loan amount up to 50% of the appraised value, not to exceed 70% loan to cost ( loan to value could be less subject to a full underwriting and market review of the project)
  • Land Purchase up to 55% of the purchase price (cross collateralization allowed on other properties, if needed for maximum loan amounts
  • Loans available to qualified Developers with less than 5 years’ experience
  • Fast pre-qualification, typically 3 to 5 days
  • Loans to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • Up to 3 year terms available
  • Interest Only payments based on funds draw
  • Only Specific States available, call for availability.
  • Rates and terms based on Credit abilities of Borrowing entity and Guarantor, Term of Deal, Size and Risk Review by underwriters.

Commercial Construction Loans:  Office Buildings, Retail Stores, Shopping Centers, Warehouse Flex Space, 5+ Unit and most other income generating properties)

  • Owner Occupied and Non- Owner Occupied commercial properties are eligible
  • Land Purchase may be included in the construction loan, up to 55% of the lot purchase
  • Up to 18 months terms available
  • Loan Amounts up to 75% of the appraised value based on income approach (cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
  • Interest Only Payments based on funds drawn
  • Full and limited programs available
  • Loan amounts from $100,000 to $2,500,000.
  • Only Specific States available, call for availability.
  • Rates and terms based on Credit abilities of Borrowing entity and Guarantor, Term of Deal, Size and Risk Review by underwriters.

Multi Family Construction: This program is designed for Borrowers who are constructing a 2 to 4 family residential owner occupied property or varied sizing of NOO investmnet. Non-owner occupied properties allowed, please call for a quote.

  • Self- Build available
  • Loan amounts from $100,000 to $2,500,000
  • Loan amounts up to 75% of the appraised value (Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts)
  • Land purchase may be included in the construction loan. Please call for a quote
  • Deal directly with the Loan Officer/Underwriter
  • Full and Limited Documentation programs available
  • Fast pre-qualification, typically within 3 to 5 business days
  • Loans are available to Borrowers with excellent to less than perfect credit
  • Flexible draw schedules
  • 12 month construction term (Longer terms considered)
  • Interest only payments based on funds advanced
  • Loans available for owner occupied and non-owner occupied properties in the following states: CA, CT, DE, FL, IA, ID, MA, MD,MI, NC, NJ, NY, OR, PA, RI, VA, WA
  • Loans available for non-owner occupied properties only: AK, AL, AR, CO, GA, HI, IN, KS, KY, ME, MS, MO, MT, NE, NM, OH, OK, SC, TN, TX, UT, WY

Alternative / Weak Credit Loan:  This program is designed for Borrowers looking to purchase a new home or to refinance the balance on the existing mortgage on their current residence. Loans are evaluated on a case by case basis subject to full review of the Borrower’s qualifications (ie: income, assets, credit and loan to value).

  • 1 to 4 family homes preferred, see Multi-Family for more than 4 units
  • Owner Occupied Primary Residence
  • Loan Amounts: $100,000 to $2,500,000
  • Maximum Loan to Value Purchase: 80% / Refinance 75%
  • Compensating factors taken into consideration
  • Recent bankruptcy or late mortgage payments are not automatic declines
  • No refinances allowed for existing Sub Prime, High Cost or Special Loans
  • Maximum amortization is 30 years with a balloon term of 7 to 10 years
  • Offered in CA, FL NJ, NY, OR, PA, VA, WA

Non-Prime Loan Programs are available for Borrowers with: 
1) Less than perfect credit who have experienced credit problems and have resolved the problems for the future
2) Alternative income verification that can prove income through corporate finance statements, bank statements, etc., other than W2.

Other Loans available:

  • Borrower Builder Loans
  • Self -Build/ Owner build Loans
  • Renovation Loan
  • Builder Sold Loans
  • Builder Model / Spec Loans
  • Multifamily 2-4 units Loans
  • Residential Lot/ Land Loans
  • ( criteria based on type of borrower/ creditworthiness, experience, amount requested, term of loan.)

To learn more about this option call me at 214-432-0611