Admin

International Commercial Bridge Loans up to 65% LTV

Reblogger Sean Allen
Mortgage and Lending with Development Financing Around the World

 

Original content by Sean Allen

International Financing Solutions
A  Division of Sean Allen, Inc. 

9531 Cypress Drive N.  Ft. Myers, Florida 33967
Ofc: 239-482-6866    Fax: 888-482-6860
Sean Cell: 239-898-9281     Email: sallen11867@aol.com
www.InternationalFinancingSolutions.com

__________________________________________________________________ 

Commercial Bridge Loans for
Central America & the Caribbean
 

Up to 65% LTV 

A Commercial Bridge Loan is a type of short-term loan, typically taken out for a period of 6 months to 3 years pending the arrangement of a larger "take out" loan. These are provided as a way to provide a financial bridge to the borrower until the
permanent loan can be closed. 

 

General Guidelines

  • Up to 65% LTV on the properties "Market Value"
  • Good in most areas of the Caribbean and Central America
  • No Down Payment required on purchases IF the Market Value of the property is high enough
  • Interest Rate is between 12% & 15% per year
  • Total fees on this program are between 7 to 10 points
  • Initial Loan is for 12 months, but can be extended out to 36 months
  • Loan can close within two weeks from Issuance of a Commitment Letter
  • Requite an initial "Upfront" commitment fee (based on loan amount & property location)
  • Upon Issuance of Commitment Letter, borrower will need to wire 1.5% of the loan amount to lender / gate keeper
  • Closing costs can be rolled into loan if the Market Value of the property supports it.
  • Requires a SOLID Exit Strategy
  • Appraisal required
  • Survey may also be required 

This financing program is good for the acquisition of raw land for development, providing liquidity to a company to expand or make it through a dry spell, to supply money to complete the permitting process before applying for a development loan, and much more. 

To apply for this loan please send the following: 

  • Detailed Business Plan
  • Pro-forma with a list of WHAT this money will be used for (in detail)
  • Summary Form (we can supply this to you)
  • Borrower's Financial Statement
  • Copy of the Appraisal 

Sincerely,

 

Sean Allen
President

 

 

Please keep in mind that rates, terms and conditions can change at any time without notice. The "Market value" may be lower than the "Appraised Value" based on the determination of the lender's underwriting department. For the most recent terms, rates and conditions, please contact us either via phone or email.

 

Comments(1)

Show All Comments Sort:
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

    Much has changed since your last visit to ActiveRain.  I encourage you to take another look at the website. 

    Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Mar 11, 2016 11:56 AM