TYPES OF BRIDGE LOANS AVAILABLE
Development Loans
- For the development of commercial property such as shopping centers or small office buildings or industrial buildings
- For land improvements for development of single family homes.
Acquisition Loans
- For all types of commercial or residential properties non-owner occupied residential properties
Interim Financing
- Bridge and mezzanine loans to provide financing during construction or rehab
- Financing in conjunction with commercial banks
- To supplement commercial financing when the commercial lender is unable to provide all needed financing or is unable to achieve the necessary loan to value ratio
- Short-term credit resolution,
- Emergency project rescue funds,
- Factoring of accounts receivable
|
BRIDGE LOAN CRITERIA
| Criteria |
Specifics |
| Loan Size |
$500,000 - $30,000,000 |
| Term |
6 months - 12 months |
| Interest |
Project dependent |
| Amortization |
Interest only |
| Security |
- Commercial Real estate
- Equipment
- Assignable assets
- Stocks · Bonds
- Accounts receivable
- Cash
- Fine Arts
|
| Location |
Nationwide |
| Timing |
- Most loans approved within 24 hours
- Most loans funded within two weeks of receipt of application
- Special case funding as fast as 48 hours
|
| Loan Types |
- Bridge loans
- Gap financing
- Mezzanine financing
- Short-term credit resolution
- Emergency project rescue funds
- Factoring of accounts receivable
|
|
These are general guidelines. Miller Frishman Group may be able to accommodate your needs outside of these criteria and types of loans, so please feel free to call us or if you are in need of short-term real estate financing. For examples of bridge loans we have closed please click here.
