www.mainspringrealestate.com - 866-777-8145 Bridge loans for multifamily and other commercial property types. Our goal is to provide fast creative solutions for investors without all of the stringent requirements of traditional lenders. We can orchestrate the entire lending process from first contact up to closing in as little as 14 days.
You can expect rates to start at 10% with Interest Only payments. Terms of up to 60 months with no pre-pay penalty are typical and the cost falls in the 2-5 point range.
Construction and rehab loans can be leveraged up to 100% LTC at 65% LTV of the ARV
Commercial refinance loans max out at 75% LTV, while commercial purchase loans max out at 80% LTV.
Credit score is not the main component of whether or not you qualify for the loan. However it may play a role in pricing. The strength of the deal with deterimine if you qualify.
We will consider most income producing properties nationwide. A brief summary can be found here at
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