PROPERTY TYPES:

Multifamily, Manufactured Home Communities, Office, Retail, Industrial, R&D Flex, Self-Storage, Hotel/Motels & More.

LOAN SIZE:

$100k to $100,000,000+ICS services capital requests from $100k to over $100MM.

TERMS:

1 to 3-YearsFixed & Variable RatesInterest OnlyAsset-Based

RATES:

Based on Prime or SOFRRates are based on location, building quality, and leverage.

MAX LOAN-TO-VALUE:

Multifamily 5+ Units 75%Commercial 70%Residential Investment 1-4 Unit 75%

Debt Service Coverage Ratio Varies by Project

PREPAYMENT:

Bridge loans typically do not have a prepayment penalty.

FEES / POINTS:

1% to 5%Points vary based upon property location, loan size, property type, income, and borrower financials.

CLOSING TIME-FRAME:

7 - 21 DaysLoans are typically closed in 7-21 days from application and receipt of all documents.

APPRAISAL OPTIONS:

A full appraisal is usually required at this time unless an appraisal has been completed by a nationally recognized appraisal company within the last 6-months. In some cases the appraisal may be waived depending upon the funding lender.

DOWN PAYMENT:

Down payment purchase funds must be verified via bank/investment statements.

CUSTOMIZATION:

Recourse and non-recourse available. Additional income property types considered on a case-by-case basis. Underwriting deposits may be required depending upon property location and deal type. Terms and conditions are subject to change prior to final loan commitment.

Reserves Bridge loans do not require cash reserves in most cases.

What is a Bridge Loan?

A bridge loan is a short-term loan used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate funds and/or cash flow. The loans are short term, typically 1 - 3 years, with relatively high interest rates and are usually backed by some form of collateral, such as real estate or inventory.