Debt
Service Coverage Requirement:
Minimum 1.00-1.05X to 1 with spreads starting at 150 bps over
LIBOR depending on property type (see "Loan Conditions")
Amortization:
Standard amortization for Bridge Loans is 24-36 months with
extensions available. Mezzanine financing available up to 10
years
Term
of loan available:
Bridge Loans are typically interest only while Mezzanine Financing
is typically fully amortizing
Maximum
Loan-to-Value:
LTV requirements are 75% of appraised value
Prepayment
restrictions:
Bridge Loans are not subject to being prepaid; Mezzanine Financing
typically allows for prepayment (Treasury defeasance)
Loan
Conditions:
Loan origination fee may be as low as 1%; Bridge Loans are subject
to an exit fee and may require minimum recourse
Commercial
Finance Lender - California Dept. of Corporations
For more
information, contact: William E. Cunningham, President.
Or, fill out an online application
NOW!
