1 / 6

What are bridge loans The interest rate and repayment period explained

Loan Brook, INC is a professional hard money loan provider in CA. Bridge Loans are asset-based loan financing through which the borrower receives funds secured by real property leveraged between 65%-80% Loan-to-Value. For more details about hard money financing visit https://loanbrook.com/programs/hard-money/

samcurran43
Télécharger la présentation

What are bridge loans The interest rate and repayment period explained

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What are bridge loans? The interest rate and repayment period explained

  2. Content Bridge Loans Interest Rates Repayment Period Contact Us

  3. Bridge Loans Bridge Loans are asset-based loan financing through which the borrower receives funds secured by real property leveraged between 65%-80% Loan-to-Value. Rates range based on risk, there is no prepayment penalty and repayment is usually interest only. Borrowers must illustrate the ability to repay the loan within 12-18 months.

  4. Interest Rates The interest rate for bridge loans range from 9.99% to 12%. The bridge loan can be availed for the following property types SFR/1- 4/CONDO/5+/COMMRECIAL.

  5. REPAYMENT PERIOD These loans do not have any prepayment penalty, but has a lender processing fee of $1,495 Lender + $500 Doc Prep. Bridge loans can be availed for 12 months fixed term and the closing timeframe is usually 2 weeks for bridge loans.

  6. CONTACT US Website: https://loanbrook.com/programs/hard-money/ Phone: 818-697-8220 Address: 23273 Ventura Blvd, Unit B Woodland Hills, CA 91364

More Related