Construction Bridge Loans:
This loan program provides funds to finish construction on a single family, multi-family or commercial property.
Lending Criteria & Scenarios:
- We will lend up to 75% LTV of the combined cost of the land and construction, not to exceed 65% ARV. Funds Control required on construction funds.
- If borrower owns the land, we will lend up to 25% of the land value and 75% of the construction cost, not to exceed 65% ARV. Funds Control required on construction funds.
- Great loan program if a current conventional loan is maturing
- Very good loan option if the project needs additional funds to complete
- Loan amounts from $50k – $2.5M+
- We will lend up to 65% of ARV or 70% Loan-to-Cost, whichever is less
- Short-Term Bridge (12 months or less, Interest only)
- Rates from 9.99% – 2nd’s from 11.75%
Why Mortgage Vintage?
- Same Day Term Sheets – Professional Service
- Easy Loan Submission, Quick Turnaround, 3-7 Day Funding
- Fast, Flexible and Transparent Loan Process
- Over 30 years Financial Industry Experience
- Funding Based on Committed Terms
- Surety of funding through CrowdTrustDeed’s simple and secure online marketplace
- Se Habla Español
Contact:
Sandy MacDougall – (949) 632-6145 – sandy@mortgagevintage.com