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Commercial Bridge Loans
For a Rate and Fees quote call
800-390-7536
Brokered Commercial
Bridge Loans
This program is designed to access the equity in your current commercial property you intend to sell to purchase a new property.
General Guidelines*
- Loan Amounts from $95,000 to $4,000,000
- Loan to value up to 75% of appraised value
- Allows you to close quickly to buy property on your schedule
- Deal directly with the Loan Officer/Underwriter and Senior Credit Officer
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Eligible properties include: Multi-family (4 or more units), Retail, Office Building, Industrial and Warehouse
- Both – Full income documentation or limited income documentation available
- 12 month term – No pre-payment penalty
- Interest only payments
- Foreign Nationals are eligible for this program
- Appraisal may be waived for closing subject to property, loan to value and financial’s
*All rates and terms subject to change without notice
Rates and Fees
(Based on credit score, income, savings and LTV)
(Based on credit score, income, savings and LTV)
- Rates: Prime Rate plus 2.25% to 4.25%+
- Loan Fee: 1.00% to 2.00%
- Application Fee: $650
- Fast Track Closing Fee: $1,250
- Underwriting Fee: $450
- Maximum Broker Fee: 1.50% to 2.00% (subject to Broker Compensation option)
To start the pre-approval process, download the Loan Submission Form above and include a completed 1003, current Tri-Merge Credit Report and appraisal, if available.
