Commercial Bridge Loans are a great way to secure working capital by using your business or vacant commercial land as collateral. Minimum loan amount is $5 Million USD and these can be secured on property anywhere in the world.
Our commercial bridge lenders, which we have a few, will typically close the loans very quickly and many times within 30 days. All of these lenders base the loan amount on the current Market Value of the property and typically provide for a maximum of 50%LTV.
These are excellent loans for supplying funds to complete the due diligence on a future development project, to overcome a cash flow shortage until the next influx of revenue, or to secure money for other investments. A Commercial Bridge Loan is an excellent way to liquidate a piece of commercial property into cash for a short term use.
The typical guidelines for a Commercial Bridge Loan:
- Minimum loan amount of $5 Million USD, no Maximum
- Available on property anywhere in the world provided the country of origin has good ties to the United States
- 50% LTV based on the Market Value of the subject property
- Loan Term is generally for 12 months with ability to extend to 36 months
- Interest Rates between 12% and 15%
- Total Points between 7 to 10 points
- Closings possible within 30 days
- Lender takes a first lien position on the property
If you have a project and would like for us to review it for financing, please email the following documents to us:
- Detailed Business Plan
- Detailed Pro-forma / Use of Funds
- Summary Form ( Request this from us)
Sincerely,
Sean Allen
President
Email: sallen11867@aol.com
Ph: 239-898-9281
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