09-28-2005, 08:45 AM
| | Bridge Capital Financing Available
We have very solid lending source that have 2 new additional strong
programs for Commercial projects:
1)They have loans available for all 50 states from $750,000 to $10
Million.All loans are 12% interest,4 points and a One year term,to
expedite the transaction,In the thirteenth month,the interst rate
increases to 16.36%,and no additional points are charged,no
prepayment penalty,closings can happen in less than a month and
sometimes within a week as long as everything goes right.
They will do on these Bridge deals Acquisition,Purchasing Land or
Construction financing,but only on Commercial deals.
We have a lender that will do Bridge Financing for clients with a 700-
800 credit,and Net Worth to make 50-60% LTV at Prime + 1-2
points,they will also roll it into a Construction Loan at 80%
LTV,once again,only on Commercial Real Estate deals.
If interested in either program,contact me with name and number and