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Non-Owner Occupied Bridge
The Non-Owner Occupied Bridge program is for short-term loans secured by real estate such as multifamily, office, retail, luxury residential, or urban land.
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Program Details:
Loan Amount: $2,000,000 to $10,000,000
Rates: Starting at LIBOR + 7.69%
Terms: 1 to 3 years
Loan to Value: Up to 65%
Prepayment: No prepayment penalty
Other: Proceeds may be used for acquisitions, refinancing, upgrading, repositioning, or cash-out purposes.
Program Benefits:
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National program
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Quick closing time
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No prepayment penalty
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