Asset Based Lender @ 10% and 2-3 Points

[Sean Richway]

Our interest-only bridge loans are a quick and flexible option for developers and investors. We offer fast funding and fast approval for our bridge loans. Our lending parameters include:

Loan Amount: $75,000 – $2,000,000 (small/larger amounts case by case)
Leverage: Up to 90% of purchase price and 100% of rehab
Interest: 10%
Points: 2-3 points
Term: 12 months
LTV: Up to 70% ARV
Recourse: Yes
Pre-Payment: None
Underwrite: Stated underwrite, no seasoning/sourcing of assets
As is Value is not considered or looked at