Interest-Only Bridge Loans

INTEREST-ONLY BRIDGE LOANS HARD MONEY & BRIDGE LENDING TERMS

PROPERTY TYPES: All property types considered, except owner-occupied residential


LENDING AREA: Northeastern and Mid-Atlantic USA focused, but will consider all major cities nationally


LOAN SIZE: From $150,000 to $5,000,000


LOAN TERM: 12 to 36 months


AMORTIZATION: Interest only


INTEREST RATE: 8.99% – 12.99%


LOAN-TO-VALUE: Up to 65%*


ORIGINATION FEE: 2% – 3% of the loan amount


PREPAYMENT PENALTY: No prepayment penalty, although typically a short interest guarantee


RECOURSE: Typically, there will be recourse to Sponsors


EXPENSE DEPOSIT: Adequate to cover third-party reports, legal fees, and customary expenses


CLOSING TIME: Typically within 10 business days


* Credizo Capital's  “Fix & Flip” Loan Program provides up to 85% of the purchase price, and 100% of the renovation costs, up to 65% of the after-repair value