The Owner-Occupied Bridge program provides a short term solution to borrowers that are in a time crunch on an acquisition or may be facing a balloon payment maturity.

 

Program Details:

Loan Amount: $500,000 to $10,000,000

Rates: Starting at prime + 5.5%

Terms: 12 months to 36 months

Loan to Value: Up to 75%             

Other: Proceeds may be used for acquisitions, refinancing, or cash out refinance of commercial real estate property

 

Program Benefits:

• National program

• Quick closing time

• No minimum FICO

• Startup and non-cash flowing properties can be considered