SNCLoans.com
Bridging Loans |
Often a commercial borrower needs a bridging loan to facilitate the financing a property for a short period of time. A bridging loan is a specially designed form of financing that is used when a borrower is expecting to sell a property quickly or refinance it within the near future.
Bridging Loans from Security National Capital
Security National Capital offers bridging loans on a variety of commercial properties including apartments, retail, industrial, office, medical office and mixed use. When a bridging loan is made, we look for an "exit strategy" to be certain that our borrowers have a plan to retire the loan through selling or refinancing the property. bridging loans are usually offered for terms of 12-24 months and many can be refinanced into low cost, long-term financing through Security National Capital. bridging loans are not only for shorter terms, but are also often needed to close quickly. We pride ourselves in being able to meet our clients' financing needs in a timely manner.
» Contact us about Bridging Loans
Bridging Loan Details
| Current Bridging Loan Details from SNCLoans | |
|---|---|
| Property Types: | Commercial, multi-family, office, retail, industrial, flex R&D, manufacturing, medical office, flagged hotels and motels |
| Loan Term: | 12-24 months |
| Loan Purpose: | Purchase or refinance |
| Loan Amounts: | $500,000-$5,000,000 |
| Loan Amortization: | 25-30 years or interest only |
| Loan to Value: | 75% maximum |
| Recourse: | Recourse to responsible individual |
| Prepayment Penalty: | None |
| Assumable: | No |
| Required reports: | M.A.I. appraisal, environmental screen or level 1 EPA |
Bridge Loans

