Asset-Based Loan Program
Similar to our traditional Bridge Loan, our Asset-Based Loan Program is ideal for financing cash out on equity or funding scenarios that require a quick closing timeline. Available for purchase or refinance, our Asset-Based Loan Program can finance up to 70% LTV on residential properties and up to 65% LTV on commercial properties. By focusing on the strength of the subject property and keeping the LTV at a lower benchmark, we are able to offer faster closing times than our traditional Bridge Loan. In some cases, closing in as quickly as 5-10 business days. This program is also ideal for financing non-performing properties, with options available for DSCR under 1.0X.
Loan Criteria:
- Amount: $1 million to $5 million
- Property types: Retail, Mixed-Use, Office, Multi-Family, Light Industrial/Warehouse, Single Family Residence (non-owner occupied)
- Lending Area: California
- Loan Purpose: Purchase, Refinance, and Cash Out
- Term: Up to 24 months
- Interest Rate: Minimum 2.99% over WSJ Prime (Limited Time Offer)
- Maximum LTV:
- Commercial Property – 65%
- House/Condo/Apartment – 70%
- Repayment: Interest Only
- Lien Position: 1st Lien
- Lender Loan Fee: Varies
- Closing time: 5-10 business days
Monday – Friday
Monday – Friday