Commercial Bridge Loans
Income producing Properties
International Financing Solutions has partnered with a US Based Bridge Lender to provide fast & affordable financing on Income Producing Properties. This Lender regularly closes loans within two weeks and is aggressively looking to increase their volume of business for 2009. While the rest of the lenders in the world are cutting back on their fundings, this lender is expanding and looking for more business.
- Property must be Commercial and in the continental United States
- Only Income Producing Properties (Apartments, Hotels, Retail, etc.)
- Minimum Loan Amount of $3 Million, Maximum $50 Million
- Interest Rate between 9% & 15%
- Term: 18 months (Longer with exceptions)
- Amortization: Interest Only Payments
- Fees will be between 6 to 10 points (Includes Lender & Broker Fees)
- Closings within 30 days possible
- Closing costs added into loan
- Up to 50% LTV of Properties Market Value
The purpose of this loan is to provide the borrower a short term solution to their funding needs. Funds can be used for acquisitions, improvements, remodeling, equipment purchases, overcome a current cash flow issue, or a multitude of other reasons.
The fees and costs associated with this loan may seem excessive, but they are in fact much cheaper than taking on an additional Financial Partner, losing your property to the bank, or not being able to make the needed adjustments in your business model to increase revenues.
To apply for this program, please submit the following documents:
- Detailed Business Plan
- Detailed Pro-forma
- Detailed use of funds
- Copy of Current MAI Appraisal
- Personal Financial Statements of borrower
- Listing of all current debt against the property
To learn more about what we have to offer in commercial financing, please visit our website
Pleas keep in mind that terms and guidelines on all of our financing programs may change or be cancelled at any time without notice. Please contact us for the most recent terms and conditions.