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BRIDGE LOANS

OVERVIEW

  • Our bridge Loan product can accommodate larger loans, up to $20 million in size
  • Ideal for Mixed-Use, Commercial, and Industrial properties
  • Allows to purchase and stabilize property prior to refinancing
  • Same day written pre-approvals
  • Funding usually within 5-10 days

RATES

  • Starting at 5% for interest-only loans
  • 1.5 – 2% origination fee

LOAN TERMS

  • 1 year term standard
  • Multi - year term available
  • 6 month extensions available
  • Up to 85% of purchase price
  • Typically, 100% of rehab
  • First Lien Only
  • No FICO score required
  • New appraisal to be ordered by The Mutual Finance Company
  • Can accept existing appraisal on a case-by-case basis
  • Insurance policy (TMFC should be loss payee and additional insured)
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Nationwide