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Bridge Lending

See our BLC Bridge Lending Summary…  Click Here

Summary

Business Loan Capital’s Bridge Lending Program is a short term financing solution offered when permanent loans cannot be approved. Typically, these are 12 -36 month interest only loans.  Long term financing from Banks and other conventional commercial lenders is sometimes denied to investors due to a variety of potential qualification issues.  Often this decision is made on the tail-end of escrow, leaving investors with limited options and an approaching deadline.  There is usually too short a timeframe to start the loan application process again from scratch with another conventional lender.  Bridge loan programs such as the one offered by Business Loan Capital offer much faster processing and decision-making and can provide a viable solution for faster escrow closings on purchases and pending balloon payments to other lenders.  In other cases the borrower knows and understands the problem upfront and needs some lender leniency to get him from point A to point B.

Maximum Loan Amount

  • 1st TD up to $10,000,000

Maturity and Amortization

  • Up to 36 Months / Interest Only

Maximum LTV

  • Up to 75%

Eligible Use of Proceeds

  • Purchase, Refinance, Cash-Out Refinance of Commercial Real Estate

Eligible Use of Property

  • Owner Occupied, Investor, and Multi-Family (4 units and above)

Eligible Property Types

  • Multi-Use: Warehouse, Office, Industrial, Medical, Flex, Auto Body, Office Condo, Retail,           Restaurant
  • Special Use: Gas Stations, Mini Storage, Cold Storage, Funeral Home, Bowling Alley, Urgent Care, Surgery Center, Auto Repair, Car Dealership, Wineries, Assisted Living Facilities and Hospitality on a case by case basis

Rate Option / Fees

  • 1st Deed of Trust/Mortgage – Fixed and Adjustable Rates available
  • Loan Fees – Lender will typically charge a minimum of a 1% Loan Fee

Guarantees

  • Recourse and Non-Recourse Available

Underwriting Requirements

  • No Minimum FICO
  • 0x Minimum Debt Coverage (DCR) for the most recent period
  • START UP AND NON CASH FLOWING PROPERTIES CONSIDERED!