Bridge Loan Program Overview
- Up to 85% LTV financing! … up to 100% for TI and Remodel of existing buildings.
- Terms for fixed rates from 1 – 3 years or up to 5 years in some situations
- Interest only payments for the life of the loan
- Rates from 7-12% Interest Only!
- No prepayment penalties
- -0- due diligence fees! (standard application fee and third party report deposits do apply)
- Non-Recourse! (in most cases … bad boy carve outs do apply)
- Available in any major city in the USA including Atlanta, GA; Phoenix, AZ; Las Vegas, NV., etc.......
Bridge Loan proceeds acceptable uses
° Investment/REO purchase – Apartments, Office Buildings, Retail Shopping Centers, Mixed Use
° Acquisition & Development – Focused on repositioning of distressed commercial and multifamily assets
° Business Recapitalization – Real estate must be involved
° Cash Out for Repositioning, Remodel or purchase of additional properties
° Down Payment on other Real Estate Purchases
° Seed Money for Start Ups
…any other business or commercial enterprise where the deal is secured by assets, the business makes money and there is a solid plan to repay the loan prior to the repayment date.
If you have a need for this Bridge Loan Funding, send an email with your loan request scenario and contact information to legacygf@live.com.
Please be sure to include phone numbers to discuss your Bridge Loan requirement.