logo here
logo here
  • Home
  • About Us
  • Loan Programs
  • Referral Program
  • Preliminary Application
  • Contact Us
  • More
    • Home
    • About Us
    • Loan Programs
    • Referral Program
    • Preliminary Application
    • Contact Us
  • Home
  • About Us
  • Loan Programs
  • Referral Program
  • Preliminary Application
  • Contact Us
Bridge loans are short-term fixes

Bridge Loans

Loan Criteria

Commercial Real Estate /Hard Money Loan Type


Bridge Loan Term:

12-18 Months


Minimum Loan Amount:

$50,000


Minimum Property Value:

$75,000


Maximum Loan Amount:

$2.5 million


LTV:

Up to 85% of purchase

Up to 75% of refinance

Up to 75% of cash out


Minimum FICO Score:

500


Property Type:

Non-Owner Occupied 1-4 Family & Multifamily Real Estate

Condos; Townhouses; 5+ Unit Apartments; Mixed-Use Properties


Pre-Payment Penalty:

None - 1 month

2% prior to month 9


Rates:

Starting at 7.99%


Termination Fee

1% after month 9 on 12 month loan

None on 18 month loan


About

 A bridge loan can be used when you are transitioning from one type of loan to another.  It is a great if you need to double close or if transitioning from a temporary loan to a permanent loan. 

Apply Now!

Copyright © 2020 Advance Capital Lending Group - All Rights Reserved.

  • Home
  • About Us
  • Loan Programs
  • Referral Program
  • Preliminary Application