Hard Money Loan Programs

Typical Loan Terms:

• No minimum credit score, loan is asset value and risk based
• Borrower pays all 3rd party fees, including but not limited to Appraisals, Property Condition Reports, Loan Doc cost
• Dallas, Houston, San Antonio, Austin and secondary areas in between
• San Diego, Los Angeles, and San Jose / Bay Area
• Commercial property types include: office, retail, light industrial
• Residential property types include: single family, duplexes, and apartments. NO OWNER OCCUPIED property.
• Minimum $100,000 loan size
• Fast close

• LTV: Up to 70% ARV on residential, up to 65% ARV on commercial
• Length: Up to 3 years
• Rates: 12.5% typical, varies by State.
• Points: 2 - 4 depending on asset type, complexity and if there is rehab

Purpose of a Bridge Loan:

The purpose of a bridge loan is generally for acquisition to bridge you to a point where you can refinance a stabilized income producing property or to a sale. Sometimes however businesses use cash-out loans to unlock equity in a building they own in order to hire additional employees or buy equipment.